Oakworth Capital Inc. Cuts Stock Holdings in Union Pacific Corporation $UNP

Key Points

• Oakworth Capital Inc. has reduced its stake in Union Pacific Corporation by 12.1%, holding 10,879 shares valued at approximately $2.5 million after selling 1,494 shares in the second quarter.
• The company's latest earnings report showed a profit of $3.03 EPS, exceeding estimates and reflecting a 2.4% increase in revenue year-over-year.
• Union Pacific has announced a dividend increase to $1.38 per share, up from $1.34, marking a yield of 2.3% based on an annualized payout of $5.52.

Oakworth Capital Inc. lowered its stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 12.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,879 shares of the railroad operator's stock after selling 1,494 shares during the quarter. Oakworth Capital Inc.'s holdings in Union Pacific were worth $2,503,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Highline Wealth Partners LLC boosted its holdings in Union Pacific by 103.5% during the 1st 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. CBIZ Investment Advisory Services LLC lifted its position in shares of Union Pacific by 1,400.0% during the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator's stock valued at $28,000 after purchasing an additional 112 shares in the last quarter. Financial Gravity Asset Management Inc. purchased a new position in Union Pacific during the first quarter worth about $32,000. WPG Advisers LLC purchased a new position in Union Pacific during the first quarter worth about $33,000. Finally, Cornerstone Planning Group LLC grew its position in Union Pacific by 50.5% in 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 in the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Stock Performance

Shares of UNP opened at $235.14 on Monday. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84. 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 stock's fifty day moving average price is $222.73 and its two-hundred day moving average price is $224.47. The firm has a market cap of $139.45 billion, a PE ratio of 20.43, a PEG ratio of 2.45 and a beta of 1.03.

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

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be paid a $1.38 dividend. The ex-dividend date is Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a yield of 2.3%. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's dividend payout ratio (DPR) is presently 47.96%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on UNP shares. Robert W. Baird assumed coverage on shares of Union Pacific in a research report on Tuesday, July 1st. They set a "neutral" rating and a $231.00 target price on the stock. Evercore ISI decreased their price target on Union Pacific from $244.00 to $238.00 and set an "in-line" rating for the company in a research report on Friday, July 25th. Royal Bank Of Canada boosted their price objective on Union Pacific from $257.00 to $276.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Raymond James Financial restated a "strong-buy" rating on shares of Union Pacific in a research note on Tuesday, July 15th. Finally, Jefferies Financial Group raised Union Pacific from a "hold" rating to a "buy" rating and raised their target price for the company from $250.00 to $285.00 in a research report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $260.00.

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.

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