Russell Investments Group Ltd. cut its holdings in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 13.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 419,078 shares of the railroad operator's stock after selling 66,543 shares during the period. Russell Investments Group Ltd. owned 0.07% of Union Pacific worth $98,754,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Prudential PLC boosted its stake in shares of Union Pacific by 9.1% during the first quarter. Prudential PLC now owns 125,458 shares of the railroad operator's stock valued at $29,638,000 after purchasing an additional 10,448 shares in the last quarter. Resona Asset Management Co. Ltd. boosted its stake in Union Pacific by 7.2% in the first quarter. Resona Asset Management Co. Ltd. now owns 199,675 shares of the railroad operator's stock valued at $47,044,000 after acquiring an additional 13,487 shares in the last quarter. Taylor Hoffman Capital Management LLC boosted its stake in Union Pacific by 1.4% in the first quarter. Taylor Hoffman Capital Management LLC now owns 18,891 shares of the railroad operator's stock valued at $4,480,000 after acquiring an additional 270 shares in the last quarter. Trillium Asset Management LLC boosted its stake in Union Pacific by 32.2% in the first quarter. Trillium Asset Management LLC now owns 172,734 shares of the railroad operator's stock valued at $40,806,000 after acquiring an additional 42,069 shares in the last quarter. Finally, Capital Planning Advisors LLC boosted its stake in Union Pacific by 0.9% in the first quarter. Capital Planning Advisors LLC now owns 18,202 shares of the railroad operator's stock valued at $4,300,000 after acquiring an additional 156 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors.
Union Pacific Stock Performance
Shares of Union Pacific stock traded down $1.56 during trading on Thursday, hitting $221.62. 6,245,623 shares of the company's stock were exchanged, compared to its average volume of 5,492,426. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. The business has a 50-day simple moving average of $227.11 and a 200-day simple moving average of $229.77. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $258.07. The stock has a market capitalization of $131.43 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 2.17 and a beta of 1.05.
Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, beating analysts' consensus estimates of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The company had revenue of $6.15 billion during the quarter, compared to analysts' expectations of $6.09 billion. During the same quarter in the previous year, the company earned $2.74 earnings per share. The firm's revenue for the quarter was up 2.4% on a year-over-year basis. On average, research analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current year.
Union Pacific Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be issued a $1.38 dividend. The ex-dividend date of this dividend is Friday, August 29th. This is a positive change 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%. Union Pacific's dividend payout ratio is presently 46.57%.
Analyst Ratings Changes
UNP has been the subject of several recent analyst reports. Evercore ISI lowered their target price on shares of Union Pacific from $244.00 to $238.00 and set an "in-line" rating for the company in a research note on Friday, July 25th. The Goldman Sachs Group restated a "neutral" rating and issued a $263.00 target price on shares of Union Pacific in a research note on Monday, June 2nd. Bank of America raised their target price on shares of Union Pacific from $256.00 to $262.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Morgan Stanley lowered 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. Finally, BMO Capital Markets raised their target price on shares of Union Pacific from $270.00 to $277.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $258.21.
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About Union Pacific
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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.
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