Resolution Capital Ltd Decreases Stock Holdings in Union Pacific Corporation $UNP

Key Points

• Resolution Capital Ltd reduced its holdings in Union Pacific Corporation by 21.8%, now owning 11,168 shares valued at approximately $2.6 million.
• Union Pacific announced a dividend increase to $1.38 per share, up from $1.34, with an annualized yield of 2.5%.
• The company reported a quarterly earnings per share (EPS) of $3.03, exceeding analyst expectations, with a net margin of 28.43% and revenue of $6.15 billion.

Resolution Capital Ltd reduced its position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 21.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,168 shares of the railroad operator's stock after selling 3,112 shares during the period. Resolution Capital Ltd's holdings in Union Pacific were worth $2,638,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of UNP. Highline Wealth Partners LLC lifted its position in shares of 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 purchasing an additional 59 shares during the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in shares of Union Pacific during the 1st quarter worth $32,000. WPG Advisers LLC purchased a new stake in shares of Union Pacific during the 1st quarter worth $33,000. Cornerstone Planning Group LLC lifted its position in shares of 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 last quarter. Finally, IMA Advisory Services Inc. purchased a new stake in shares of Union Pacific during the 1st quarter worth $43,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Price Performance

Shares of UNP opened at $220.34 on Friday. 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 has a market cap of $130.67 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 2.17 and a beta of 1.03. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84. The firm has a fifty day moving average price of $226.40 and a 200 day moving average price of $227.09.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 28.43% and a return on equity of 41.73%. Union Pacific's quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.74 earnings per share. As a group, sell-side analysts anticipate 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. Shareholders of record on Friday, August 29th will be paid a $1.38 dividend. 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 yield of 2.5%. The ex-dividend date is Friday, August 29th. Union Pacific's dividend payout ratio (DPR) is presently 47.96%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Morgan Stanley decreased their price objective on shares of Union Pacific from $220.00 to $215.00 and set an "equal weight" rating for the company in a research report on Monday, July 7th. Susquehanna reduced their price target on shares of Union Pacific from $260.00 to $257.00 and set a "positive" rating for the company in a research report on Wednesday, July 30th. Robert W. Baird assumed coverage on shares of Union Pacific in a research report on Tuesday, July 1st. They issued a "neutral" rating and a $231.00 price target for the company. The Goldman Sachs Group reissued a "neutral" rating and issued a $263.00 price target on shares of Union Pacific in a research report on Monday, June 2nd. Finally, Barclays cut shares of Union Pacific from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $258.21.

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.

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