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QRG Capital Management Inc. Lowers Stake in Union Pacific Corporation $UNP

Union Pacific logo with Transportation background

Key Points

  • QRG Capital Management Inc. has reduced its stake in Union Pacific Corporation by 8.4%, owning 87,242 shares valued at $20,073,000 after selling 7,984 shares in the second quarter.
  • Union Pacific recently declared an increased quarterly dividend of $1.38 per share, up from $1.34, representing an annual yield of 2.3%.
  • Research analysts have mixed views on Union Pacific, with one "Strong Buy," fifteen "Buy," and eleven "Hold" ratings, while the average target price is set at $260.54.
  • MarketBeat previews the top five stocks to own by November 1st.

QRG Capital Management Inc. lessened its stake in Union Pacific Corporation (NYSE:UNP - Free Report) by 8.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 87,242 shares of the railroad operator's stock after selling 7,984 shares during the period. QRG Capital Management Inc.'s holdings in Union Pacific were worth $20,073,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. 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 valued at $27,000 after acquiring an additional 59 shares during the period. 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 worth $28,000 after purchasing an additional 112 shares in the last quarter. Financial Gravity Asset Management Inc. purchased a new position in shares of Union Pacific in the first quarter valued at approximately $32,000. WPG Advisers LLC purchased a new position in shares of Union Pacific in the first quarter valued at approximately $33,000. Finally, Cornerstone Planning Group LLC grew its holdings in shares of Union Pacific by 50.5% in the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock valued at $37,000 after purchasing an additional 56 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UNP has been the topic of a number of research reports. Wells Fargo & Company increased their target price on shares of Union Pacific from $250.00 to $260.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Robert W. Baird began coverage on Union Pacific in a research note on Tuesday, July 1st. They issued a "neutral" rating and a $231.00 price objective on the stock. Argus lowered Union Pacific from a "buy" rating to a "hold" rating in a report on Tuesday, August 12th. Barclays cut Union Pacific from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, July 30th. Finally, Baird R W raised Union Pacific to a "hold" rating in a research report on Tuesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $260.54.

Check Out Our Latest Analysis on Union Pacific

Union Pacific Stock Performance

NYSE:UNP opened at $236.60 on Friday. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month 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 firm has a market capitalization of $140.33 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 2.47 and a beta of 1.07. The business's fifty day moving average price is $223.67 and its 200 day moving average price is $224.51.

Union Pacific (NYSE:UNP - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $6.09 billion. During the same period in the previous year, the business earned $2.74 EPS. Union Pacific's revenue for the quarter was up 2.4% on a year-over-year basis. On average, sell-side analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th were paid a $1.38 dividend. This is an increase from Union Pacific's previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a yield of 2.3%. The ex-dividend date was Friday, August 29th. Union Pacific's payout ratio is currently 47.96%.

Union Pacific Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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