Rhumbline Advisers Sells 55,410 Shares of Union Pacific Co. (NYSE:UNP)

Rhumbline Advisers decreased its holdings in shares of Union Pacific Co. (NYSE:UNP - Free Report) by 4.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,192,125 shares of the railroad operator's stock after selling 55,410 shares during the period. Rhumbline Advisers owned approximately 0.20% of Union Pacific worth $281,627,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Bowman & Co S.C. boosted its holdings in Union Pacific by 1.9% during the first quarter. Bowman & Co S.C. now owns 5,901 shares of the railroad operator's stock worth $1,395,000 after buying an additional 112 shares in the last quarter. Marion Wealth Management grew its position in shares of Union Pacific by 3.0% in the first quarter. Marion Wealth Management now owns 6,353 shares of the railroad operator's stock valued at $1,501,000 after purchasing an additional 185 shares in the last quarter. Beese Fulmer Investment Management Inc. increased its stake in shares of Union Pacific by 1.2% in the 1st quarter. Beese Fulmer Investment Management Inc. now owns 45,841 shares of the railroad operator's stock worth $10,829,000 after acquiring an additional 526 shares during the last quarter. New Hampshire Trust boosted its holdings in Union Pacific by 1.0% in the 1st quarter. New Hampshire Trust now owns 18,719 shares of the railroad operator's stock valued at $4,422,000 after purchasing an additional 187 shares during the last quarter. Finally, BTC Capital Management Inc. lifted its holdings in Union Pacific by 3.2% in the first quarter. BTC Capital Management Inc. now owns 2,131 shares of the railroad operator's stock valued at $503,000 after acquiring an additional 67 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company's stock.

Union Pacific Price Performance

NYSE:UNP traded up $0.10 on Thursday, hitting $220.97. The company had a trading volume of 608,390 shares, compared to its average volume of 2,665,666. Union Pacific Co. has a 52 week low of $204.66 and a 52 week high of $258.07. The firm has a 50 day moving average of $220.85 and a two-hundred day moving average of $232.39. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. The stock has a market capitalization of $132.03 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 2.15 and a beta of 1.07.

Union Pacific (NYSE:UNP - Get Free Report) last released its earnings results on Thursday, April 24th. The railroad operator reported $2.70 earnings per share for the quarter, missing analysts' consensus estimates of $2.73 by ($0.03). The firm had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.11 billion. Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. The business's revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.69 EPS. On average, research analysts anticipate that Union Pacific Co. will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be given a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Friday, May 30th. Union Pacific's dividend payout ratio (DPR) is 48.29%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on UNP shares. Susquehanna cut their price target on Union Pacific from $255.00 to $245.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Argus raised Union Pacific to a "strong-buy" rating in a report on Friday, May 16th. Stephens dropped their price target on Union Pacific from $275.00 to $255.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Wells Fargo & Company lowered their target price on shares of Union Pacific from $265.00 to $260.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $263.00 price target on shares of Union Pacific in a research note on Monday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Union Pacific presently has an average rating of "Moderate Buy" and a consensus price target of $257.74.

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.