Pensionfund Sabic Reduces Position in Union Pacific Corporation $UNP

Key Points

• Pensionfund Sabic reduced its stake in Union Pacific Corporation by 15.2%, now holding 8,900 shares worth $2,103,000.
• Union Pacific recently increased its quarterly dividend to $1.38 per share, boosting the annualized dividend to $5.52 with a yield of 2.6%.
• The company reported earnings of $3.03 per share, exceeding estimates, along with revenue growth of 2.4% year-over-year.

Pensionfund Sabic lessened its holdings in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 15.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,900 shares of the railroad operator's stock after selling 1,600 shares during the period. Pensionfund Sabic's holdings in Union Pacific were worth $2,103,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of UNP. Sherbrooke Park Advisers LLC purchased a new stake in shares of Union Pacific in the fourth quarter valued at approximately $781,000. LGT Group Foundation boosted its holdings in shares of Union Pacific by 9.7% in the first quarter. LGT Group Foundation now owns 5,398 shares of the railroad operator's stock valued at $1,275,000 after purchasing an additional 477 shares during the period. Nuveen LLC purchased a new stake in shares of Union Pacific in the first quarter valued at approximately $988,822,000. SlateStone Wealth LLC boosted its holdings in shares of Union Pacific by 6.2% in the first quarter. SlateStone Wealth LLC now owns 13,264 shares of the railroad operator's stock valued at $3,133,000 after purchasing an additional 772 shares during the period. Finally, Meadow Creek Wealth Advisors LLC boosted its holdings in shares of Union Pacific by 10.9% in the first quarter. Meadow Creek Wealth Advisors LLC now owns 3,666 shares of the railroad operator's stock valued at $866,000 after purchasing an additional 359 shares during the period. Hedge funds and other institutional investors own 80.38% of the company's stock.

Union Pacific Stock Down 0.6%

Union Pacific stock opened at $214.73 on Friday. The business has a fifty day moving average of $224.46 and a two-hundred day moving average of $226.06. 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 firm has a market cap of $127.34 billion, a P/E ratio of 18.66, a P/E/G ratio of 2.10 and a beta of 1.03. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84.

Union Pacific (NYSE:UNP - Get Free Report) last posted its earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, topping analysts' consensus estimates of $2.84 by $0.19. The company had revenue of $6.15 billion during 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 revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.74 earnings per share. On average, analysts forecast that Union Pacific Corporation will post 11.99 earnings per share 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 given a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, August 29th. This is a boost from Union Pacific's previous quarterly dividend of $1.34. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.6%. Union Pacific's payout ratio is currently 47.96%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on UNP shares. Royal Bank Of Canada boosted their price target on Union Pacific from $257.00 to $276.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Morgan Stanley lowered their price target on Union Pacific from $220.00 to $215.00 and set an "equal weight" rating for the company in a report on Monday, July 7th. Raymond James Financial reiterated a "strong-buy" rating on shares of Union Pacific in a report on Tuesday, July 15th. Bank of America boosted their price target on Union Pacific from $256.00 to $262.00 and gave the company a "buy" rating in a report on Friday, May 16th. Finally, Argus lowered Union Pacific from a "buy" rating to a "hold" rating in a report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Union Pacific has a consensus rating of "Moderate Buy" and an average target price of $258.21.

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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