Logan Capital Management Inc. Cuts Stock Position in Union Pacific Corporation $UNP

Key Points

• Logan Capital Management Inc. reduced its stock position in Union Pacific Corporation by 6.6% in the first quarter, holding 21,033 shares valued at approximately $4.97 million.
• During the same period, several large investors made adjustments to their positions in Union Pacific, with a noteworthy majority of 80.38% of the stock owned by institutional investors.
• Union Pacific recently declared a quarterly dividend of $1.38, reflecting an increase from its previous dividend and resulting in an annualized yield of 2.5%.

Logan Capital Management Inc. trimmed its position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 6.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,033 shares of the railroad operator's stock after selling 1,493 shares during the quarter. Logan Capital Management Inc.'s holdings in Union Pacific were worth $4,969,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Titleist Asset Management LLC increased its position in shares of Union Pacific by 1.1% during the first quarter. Titleist Asset Management LLC now owns 4,004 shares of the railroad operator's stock worth $946,000 after purchasing an additional 44 shares in the last quarter. First Financial Bank Trust Division increased its position in shares of Union Pacific by 1.7% during the first quarter. First Financial Bank Trust Division now owns 2,803 shares of the railroad operator's stock worth $662,000 after purchasing an additional 47 shares in the last quarter. Stiles Financial Services Inc increased its position in shares of Union Pacific by 1.6% during the first quarter. Stiles Financial Services Inc now owns 2,963 shares of the railroad operator's stock worth $700,000 after purchasing an additional 48 shares in the last quarter. Avalon Trust Co increased its position in shares of Union Pacific by 5.1% during the first quarter. Avalon Trust Co now owns 1,004 shares of the railroad operator's stock worth $237,000 after purchasing an additional 49 shares in the last quarter. Finally, Mather Group LLC. increased its position in shares of Union Pacific by 1.7% during the first quarter. Mather Group LLC. now owns 3,041 shares of the railroad operator's stock worth $718,000 after purchasing an additional 50 shares in the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Price Performance

UNP opened at $217.41 on Tuesday. 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 firm has a market cap of $128.93 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 2.14 and a beta of 1.03. The stock's 50-day moving average price is $226.14 and its 200 day moving average price is $226.61. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.84 by $0.19. The company had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.Union Pacific's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.74 EPS. As a group, sell-side analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be given a $1.38 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a yield of 2.5%. This is an increase from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's dividend payout ratio is 47.96%.

Analyst Ratings Changes

UNP has been the subject of several research reports. Raymond James Financial reiterated a "strong-buy" rating on shares of Union Pacific in a research report on Tuesday, July 15th. Susquehanna dropped their target price on Union Pacific from $260.00 to $257.00 and set a "positive" rating for the company in a report on Wednesday, July 30th. Jefferies Financial Group raised Union Pacific from a "hold" rating to a "buy" rating and upped their price target for the company from $250.00 to $285.00 in a research note on Friday, July 25th. BMO Capital Markets upped their price target on Union Pacific from $270.00 to $277.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Finally, Citigroup lowered Union Pacific from a "strong-buy" rating to a "hold" rating and decreased their price target for the company from $270.00 to $250.00 in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $258.21.

Union Pacific 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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