Neville Rodie & Shaw Inc. Trims Stock Holdings in Union Pacific Corporation $UNP

Key Points

• Neville Rodie & Shaw Inc. has reduced its holdings in Union Pacific Corporation by 13.1% during the 2nd quarter, now owning 30,447 shares valued at $7 million.
• Union Pacific's quarterly earnings exceeded expectations, reporting $3.03 earnings per share against an estimate of $2.84, with net revenue of $6.15 billion.
• The company announced a quarterly dividend of $1.38 per share, reflecting a positive adjustment from the previous dividend of $1.34, with an annualized yield of 2.6%.

Neville Rodie & Shaw Inc. decreased its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 13.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,447 shares of the railroad operator's stock after selling 4,570 shares during the period. Neville Rodie & Shaw Inc.'s holdings in Union Pacific were worth $7,005,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Titleist Asset Management LLC grew its position in Union Pacific by 1.1% during the 1st quarter. Titleist Asset Management LLC now owns 4,004 shares of the railroad operator's stock valued at $946,000 after purchasing an additional 44 shares during the last quarter. First Financial Bank Trust Division grew its position in Union Pacific by 1.7% during the 1st quarter. First Financial Bank Trust Division now owns 2,803 shares of the railroad operator's stock valued at $662,000 after purchasing an additional 47 shares during the last quarter. Stiles Financial Services Inc grew its position in Union Pacific by 1.6% during the 1st quarter. Stiles Financial Services Inc now owns 2,963 shares of the railroad operator's stock valued at $700,000 after purchasing an additional 48 shares during the last quarter. Avalon Trust Co lifted its stake in Union Pacific by 5.1% during the 1st quarter. Avalon Trust Co now owns 1,004 shares of the railroad operator's stock valued at $237,000 after acquiring an additional 49 shares during the period. Finally, Mather Group LLC. lifted its stake in Union Pacific by 1.7% during the 1st quarter. Mather Group LLC. now owns 3,041 shares of the railroad operator's stock valued at $718,000 after acquiring an additional 50 shares during the period. Hedge funds and other institutional investors own 80.38% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on UNP shares. Evercore ISI lowered their target price on shares of Union Pacific from $244.00 to $238.00 and set an "in-line" rating on the stock in a research note on Friday, July 25th. BMO Capital Markets upped their target price on shares of Union Pacific from $270.00 to $277.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. UBS Group upped their target price on shares of Union Pacific from $238.00 to $240.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Barclays cut shares of Union Pacific from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, July 30th. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $263.00 target price on shares of Union Pacific in a research note on Monday, June 2nd. 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 issued a Sell rating to the company's stock. According to MarketBeat, Union Pacific currently has a consensus rating of "Moderate Buy" and a consensus price target of $258.21.

Union Pacific Price Performance

Shares of NYSE:UNP opened at $214.73 on Friday. The firm's 50 day moving average price is $224.46 and its 200-day moving average price is $226.06. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $127.34 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 2.10 and a beta of 1.03.

Union Pacific (NYSE:UNP - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $6.09 billion. During the same quarter in the prior year, the business earned $2.74 EPS. The business's quarterly revenue was up 2.4% on a year-over-year basis. Equities research analysts expect that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Friday, August 29th. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's dividend payout ratio (DPR) is 47.96%.

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.

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