Knuff & Co LLC Lowers Holdings in Union Pacific Corporation (NYSE:UNP)

Key Points

• Knuff & Co LLC reduced its holdings in Union Pacific Corporation by 30%, ending the quarter with 3,844 shares valued at $908,000.
• The company recently announced a quarterly dividend increase to $1.38, representing an annual dividend of $5.52 and a yield of 2.5%.
• Union Pacific reported an EPS of $3.03 for the last quarter, beating estimates and reflecting a revenue increase of 2.4% year-over-year.

Knuff & Co LLC trimmed its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 30.0% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 3,844 shares of the railroad operator's stock after selling 1,650 shares during the quarter. Knuff & Co LLC's holdings in Union Pacific were worth $908,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of UNP. Highline Wealth Partners LLC lifted its position in shares of Union Pacific by 103.5% during the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock valued at $27,000 after buying an additional 59 shares in the last quarter. Financial Gravity Asset Management Inc. purchased a new position in shares of Union Pacific during the 1st quarter valued at about $32,000. Strategic Investment Solutions Inc. IL lifted its holdings in Union Pacific by 38.8% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator's stock worth $39,000 after purchasing an additional 45 shares in the last quarter. Cornerstone Planning Group LLC lifted its holdings in Union Pacific by 50.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock worth $37,000 after purchasing an additional 56 shares in the last quarter. Finally, IMA Advisory Services Inc. purchased a new position in Union Pacific in the 1st quarter worth approximately $43,000. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Price Performance

Shares of NYSE UNP opened at $220.55 on Friday. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $258.07. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $130.79 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05. The business has a 50 day simple moving average of $227.06 and a 200-day simple moving average of $229.57.

Union Pacific (NYSE:UNP - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, topping analysts' consensus estimates of $2.84 by $0.19. The firm had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%. The firm's revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.74 EPS. As a group, equities research analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be issued a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.5%. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. The ex-dividend date is Friday, August 29th. Union Pacific's payout ratio is currently 46.57%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on UNP. Morgan Stanley decreased their price objective on Union Pacific from $220.00 to $215.00 and set an "equal weight" rating on the stock in a report on Monday, July 7th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $263.00 price objective on shares of Union Pacific in a research report on Monday, June 2nd. Sanford C. Bernstein upped their price objective on Union Pacific from $271.00 to $286.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Evercore ISI dropped their price target on Union Pacific from $244.00 to $238.00 and set an "in-line" rating on the stock in a research report on Friday, July 25th. Finally, Baird R W raised Union Pacific to a "hold" rating in a research report on Tuesday, July 1st. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $258.21.

Union Pacific Company Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.

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