Manning & Napier Advisors LLC Sells 98,212 Shares of Union Pacific Corporation (NYSE:UNP)

Manning & Napier Advisors LLC reduced its position in Union Pacific Corporation (NYSE:UNP - Free Report) by 26.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 274,387 shares of the railroad operator's stock after selling 98,212 shares during the period. Manning & Napier Advisors LLC's holdings in Union Pacific were worth $64,821,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of UNP. Highline Wealth Partners LLC lifted its position in Union Pacific by 103.5% during the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock worth $27,000 after acquiring an additional 59 shares during the last quarter. EnRich Financial Partners LLC acquired a new stake in Union Pacific during the fourth quarter worth approximately $31,000. Strategic Investment Solutions Inc. IL lifted its position in Union Pacific by 38.8% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator's stock worth $39,000 after acquiring an additional 45 shares during the last quarter. Centricity Wealth Management LLC acquired a new stake in Union Pacific during the fourth quarter worth approximately $51,000. Finally, Midwest Capital Advisors LLC acquired a new stake in Union Pacific during the fourth quarter worth approximately $54,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on UNP. Redburn Atlantic upgraded shares of Union Pacific from a "neutral" rating to a "buy" rating and set a $259.00 price objective for the company in a research report on Wednesday, April 16th. UBS Group cut their price objective on shares of Union Pacific from $255.00 to $245.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Stifel Nicolaus lowered their target price on shares of Union Pacific from $270.00 to $248.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Citigroup raised shares of Union Pacific from a "neutral" rating to a "buy" rating and lowered their target price for the stock from $260.00 to $244.00 in a report on Tuesday, April 8th. Finally, Argus raised shares of Union Pacific to a "strong-buy" rating in a report on Friday, May 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $257.74.

Union Pacific Price Performance

NYSE:UNP traded up $3.42 during mid-day trading on Monday, reaching $225.93. The stock had a trading volume of 2,665,203 shares, compared to its average volume of 2,690,449. The stock has a 50-day simple moving average of $221.26 and a two-hundred day simple moving average of $230.89. The stock has a market capitalization of $134.99 billion, a PE ratio of 20.35, a P/E/G ratio of 2.23 and a beta of 1.05. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.73 and a quick ratio of 0.61. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $258.07.

Union Pacific (NYSE:UNP - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The railroad operator reported $2.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.73 by ($0.03). The firm had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.11 billion. Union Pacific had a net margin of 27.76% and a return on equity of 40.80%. The business's revenue was down .1% compared to the same quarter last year. During the same period last year, the business earned $2.69 earnings per share. On average, equities analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be paid a dividend of $1.34 per share. The ex-dividend date is Friday, May 30th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.37%. Union Pacific's payout ratio is presently 48.29%.

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.