MGO One Seven LLC Has $2.85 Million Position in Union Pacific Corporation (NYSE:UNP)

Key Points

• MGO One Seven LLC reduced its holdings in Union Pacific Corporation by 12.9%, now owning 12,054 shares valued at approximately $2.85 million as of its latest SEC filing.
• Union Pacific recently increased its dividend to $1.38 per share, reflecting an annualized amount of $5.52 and a yield of 2.5%.
• The company reported $3.03 EPS for the last quarter, exceeding the consensus estimate by $0.19 and marking a 2.4% year-over-year revenue growth.

MGO One Seven LLC trimmed its stake in Union Pacific Corporation (NYSE:UNP - Free Report) by 12.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,054 shares of the railroad operator's stock after selling 1,790 shares during the period. MGO One Seven LLC's holdings in Union Pacific were worth $2,848,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in UNP. Sound View Wealth Advisors Group LLC increased its position in Union Pacific by 5.4% during the 1st quarter. Sound View Wealth Advisors Group LLC now owns 4,192 shares of the railroad operator's stock valued at $990,000 after buying an additional 215 shares in the last quarter. Cordatus Wealth Management LLC increased its holdings in shares of Union Pacific by 5.2% in the first quarter. Cordatus Wealth Management LLC now owns 7,248 shares of the railroad operator's stock valued at $1,712,000 after purchasing an additional 361 shares during the period. Hoxton Planning & Management LLC acquired a new position in shares of Union Pacific in the first quarter valued at about $560,000. Davis R M Inc. increased its holdings in shares of Union Pacific by 1.7% in the first quarter. Davis R M Inc. now owns 160,113 shares of the railroad operator's stock valued at $37,825,000 after purchasing an additional 2,717 shares during the period. Finally, Natixis Advisors LLC increased its holdings in shares of Union Pacific by 1.7% in the first quarter. Natixis Advisors LLC now owns 521,916 shares of the railroad operator's stock valued at $123,297,000 after purchasing an additional 8,907 shares during the period. 80.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Argus upgraded Union Pacific to a "strong-buy" rating in a research note on Friday, May 16th. Wells Fargo & Company upped their target price on Union Pacific from $250.00 to $260.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Raymond James Financial reiterated a "strong-buy" rating on shares of Union Pacific in a research report on Tuesday, July 15th. Redburn Atlantic upgraded Union Pacific from a "neutral" rating to a "buy" rating and set a $259.00 price target on the stock in a research report on Wednesday, April 16th. Finally, Barclays cut Union Pacific from an "overweight" rating to an "equal weight" rating in a report on Wednesday. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Union Pacific has a consensus rating of "Moderate Buy" and an average target price of $258.21.

Union Pacific Price Performance

Shares of NYSE UNP traded down $2.66 during mid-day trading on Friday, reaching $219.31. 4,637,305 shares of the company traded hands, compared to its average volume of 4,972,172. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $258.07. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. The firm has a market cap of $130.06 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 2.14 and a beta of 1.06. The stock has a fifty day simple moving average of $227.04 and a 200-day simple moving average of $230.86.

Union Pacific (NYSE:UNP - Get Free Report) last posted 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. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The firm had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.09 billion. During the same quarter last year, the business posted $2.74 EPS. The company's revenue was up 2.4% on a year-over-year basis. Equities research analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

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

About Union Pacific

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.