Union Pacific Corporation (NYSE:UNP) Shares Sold by Saturna Capital Corp

Saturna Capital Corp reduced its stake in Union Pacific Corporation (NYSE:UNP - Free Report) by 26.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 234,168 shares of the railroad operator's stock after selling 83,160 shares during the quarter. Saturna Capital Corp's holdings in Union Pacific were worth $55,320,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in UNP. Fiduciary Trust Co grew its position in Union Pacific by 2.8% in the fourth quarter. Fiduciary Trust Co now owns 102,213 shares of the railroad operator's stock valued at $23,309,000 after acquiring an additional 2,807 shares during the period. Sherbrooke Park Advisers LLC bought a new stake in shares of Union Pacific in the fourth quarter worth about $781,000. Meadow Creek Wealth Advisors LLC increased its holdings in shares of Union Pacific by 10.9% in the first quarter. Meadow Creek Wealth Advisors LLC now owns 3,666 shares of the railroad operator's stock worth $866,000 after acquiring an additional 359 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Union Pacific by 16.8% during the first quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator's stock worth $2,491,000 after buying an additional 1,520 shares in the last quarter. Finally, Truist Financial Corp boosted its position in Union Pacific by 2.7% during the first quarter. Truist Financial Corp now owns 968,061 shares of the railroad operator's stock valued at $228,695,000 after purchasing an additional 25,900 shares during the last quarter. 80.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Robert W. Baird started coverage on Union Pacific in a report on Tuesday, July 1st. They issued a "neutral" rating and a $231.00 target price for the company. Bank of America upped their target price on Union Pacific from $256.00 to $262.00 and gave the company a "buy" rating in a report on Friday, May 16th. Argus raised Union Pacific to a "strong-buy" rating in a report on Friday, May 16th. The Goldman Sachs Group reissued a "neutral" rating and set a $263.00 price objective on shares of Union Pacific in a research note on Monday, June 2nd. Finally, Baird R W raised Union Pacific to a "hold" rating in a research note on Tuesday, July 1st. One research analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $257.13.

Union Pacific Trading Down 1.1%

Union Pacific stock traded down $2.59 during trading hours on Friday, hitting $224.90. The stock had a trading volume of 5,793,560 shares, compared to its average volume of 2,757,618. Union Pacific Corporation has a one year low of $204.66 and a one year high of $258.07. The company has a quick ratio of 0.61, a current ratio of 0.73 and a debt-to-equity ratio of 1.91. The stock has a market cap of $134.37 billion, a price-to-earnings ratio of 20.26, a P/E/G ratio of 2.28 and a beta of 1.05. The business's 50 day simple moving average is $227.52 and its 200-day simple moving average is $231.15.

Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The railroad operator reported $2.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.73 by ($0.03). The company had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.11 billion. Union Pacific had a net margin of 27.76% and a return on equity of 40.80%. The business's revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.69 earnings per share. On average, equities analysts predict that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be issued a dividend of $1.38 per share. The ex-dividend date is Friday, August 29th. 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 2.45%. Union Pacific's dividend payout ratio (DPR) is currently 48.29%.

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.