Ninepoint Partners LP Reduces Position in Union Pacific Corporation (NYSE:UNP)

Ninepoint Partners LP reduced its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 23.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,807 shares of the railroad operator's stock after selling 2,439 shares during the period. Ninepoint Partners LP's holdings in Union Pacific were worth $1,844,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Highline Wealth Partners LLC boosted its stake in shares of Union Pacific by 103.5% during the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock valued at $27,000 after purchasing an additional 59 shares during the period. Financial Gravity Asset Management Inc. purchased a new position in shares of Union Pacific during the first quarter worth approximately $32,000. EnRich Financial Partners LLC purchased a new stake in shares of Union Pacific in the fourth quarter valued at approximately $31,000. Strategic Investment Solutions Inc. IL boosted its holdings in shares of Union Pacific by 38.8% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator's stock valued at $39,000 after purchasing an additional 45 shares during the period. Finally, Cornerstone Planning Group LLC increased its holdings in Union Pacific by 50.5% during 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 during the period. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Price Performance

Shares of Union Pacific stock traded up $4.19 during trading hours on Friday, reaching $224.71. The stock had a trading volume of 8,254,381 shares, compared to its average volume of 3,405,370. 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 0.61 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $134.26 billion, a PE ratio of 19.52, a PEG ratio of 2.25 and a beta of 1.05. The stock's 50 day moving average is $227.17 and its 200 day moving average is $231.03.

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, beating the consensus estimate 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 quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the company earned $2.74 earnings per share. Equities analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.46%. This is an increase from Union Pacific's previous quarterly dividend of $1.34. The ex-dividend date of this dividend is Friday, August 29th. Union Pacific's dividend payout ratio (DPR) is presently 47.96%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on UNP. Raymond James Financial reiterated a "strong-buy" rating on shares of Union Pacific in a report on Tuesday, July 15th. UBS Group upped their price target on shares of Union Pacific from $238.00 to $240.00 and gave the stock a "neutral" rating in a research report on Friday. Stephens cut their price objective on shares of Union Pacific from $275.00 to $255.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Baird R W upgraded Union Pacific to a "hold" rating in a report on Tuesday, July 1st. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $263.00 price target on shares of Union Pacific in a report on Monday, June 2nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $259.46.

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.