Raiffeisen Bank International AG Decreases Holdings in Union Pacific Corporation (NYSE:UNP)

Key Points

• Raiffeisen Bank International AG has reduced its stake in Union Pacific Corporation by 2.8%, owning a total of 252,555 shares after selling 7,202 shares during Q1.
• Union Pacific recently reported a quarterly earnings per share of $3.03, surpassing analysts' expectations, along with a revenue of $6.15 billion, marking a 2.4% increase year-over-year.
• The company declared a quarterly dividend of $1.38 per share, reflecting an annualized yield of 2.5% and an increase from the previous dividend of $1.34.

Raiffeisen Bank International AG lessened its stake in Union Pacific Corporation (NYSE:UNP - Free Report) by 2.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 252,555 shares of the railroad operator's stock after selling 7,202 shares during the period. Union Pacific comprises approximately 0.9% of Raiffeisen Bank International AG's portfolio, making the stock its 28th largest position. Raiffeisen Bank International AG's holdings in Union Pacific were worth $58,631,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in UNP. Highline Wealth Partners LLC raised its stake 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 in the last quarter. EnRich Financial Partners LLC purchased a new stake in shares of Union Pacific in the fourth quarter valued at about $31,000. Financial Gravity Asset Management Inc. purchased a new stake in shares of Union Pacific in the first quarter valued at about $32,000. Cornerstone Planning Group LLC lifted its stake in shares of Union Pacific by 50.5% during the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock valued at $37,000 after buying an additional 56 shares during the period. Finally, Strategic Investment Solutions Inc. IL increased its position in Union Pacific by 38.8% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator's stock worth $39,000 after purchasing an additional 45 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on UNP. Wells Fargo & Company upped their target price on shares of Union Pacific from $250.00 to $260.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $263.00 price objective on shares of Union Pacific in a research note on Monday, June 2nd. Morgan Stanley reduced their target price on shares of Union Pacific from $220.00 to $215.00 and set an "equal weight" rating for the company in a research note on Monday, July 7th. Evercore ISI dropped 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 report on Friday, July 25th. Finally, Robert W. Baird started coverage on shares of Union Pacific in a research note on Tuesday, July 1st. They issued a "neutral" rating and a $231.00 target price on the stock. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Union Pacific currently has an average rating of "Moderate Buy" and a consensus price target of $258.21.

Union Pacific Stock Performance

UNP traded down $2.34 during trading hours on Thursday, hitting $223.12. The stock had a trading volume of 969,916 shares, compared to its average volume of 3,315,998. The company's fifty day simple moving average is $227.07 and its 200 day simple moving average is $230.66. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $258.07. The stock has a market cap of $132.32 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 2.17 and a beta of 1.05. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86.

Union Pacific (NYSE:UNP - Get Free Report) last issued its earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS 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 business had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.09 billion. During the same quarter last year, the company earned $2.74 EPS. The firm's revenue was up 2.4% compared to the same quarter last year. Equities analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The business 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 $1.38 dividend. The ex-dividend date is Friday, August 29th. This represents a $5.52 annualized dividend and a yield of 2.5%. This is an increase from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's dividend payout ratio is 46.57%.

Union Pacific 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.