Sawgrass Asset Management LLC Has $9.77 Million Position in Union Pacific Corporation (NYSE:UNP)

Sawgrass Asset Management LLC lowered its stake in Union Pacific Corporation (NYSE:UNP - Free Report) by 4.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,335 shares of the railroad operator's stock after selling 1,978 shares during the period. Union Pacific makes up approximately 1.2% of Sawgrass Asset Management LLC's holdings, making the stock its 29th biggest position. Sawgrass Asset Management LLC's holdings in Union Pacific were worth $9,765,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Union Pacific in the fourth quarter valued at about $1,927,377,000. Raymond James Financial Inc. acquired a new position in shares of Union Pacific during the 4th quarter worth about $1,035,905,000. GAMMA Investing LLC boosted its stake in Union Pacific by 27,502.8% during the 1st quarter. GAMMA Investing LLC now owns 2,491,151 shares of the railroad operator's stock valued at $588,510,000 after purchasing an additional 2,482,126 shares during the period. Geode Capital Management LLC grew its holdings in Union Pacific by 12.6% in the 4th quarter. Geode Capital Management LLC now owns 14,430,581 shares of the railroad operator's stock valued at $3,282,305,000 after buying an additional 1,616,895 shares during the last quarter. Finally, Capital Research Global Investors increased its position in Union Pacific by 14.3% in the 4th quarter. Capital Research Global Investors now owns 10,395,364 shares of the railroad operator's stock worth $2,370,559,000 after buying an additional 1,298,178 shares during the period. Institutional investors own 80.38% of the company's stock.

Union Pacific Trading Up 1.5%

UNP traded up $3.42 during mid-day trading on Monday, reaching $225.93. The stock had a trading volume of 2,665,203 shares, compared to its average volume of 2,690,453. The firm's fifty day simple moving average is $221.34 and its two-hundred day simple moving average is $230.83. The stock has a market capitalization of $134.99 billion, a P/E ratio of 20.35, a P/E/G ratio of 2.23 and a beta of 1.05. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $258.07. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.61 and a current ratio of 0.73.

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

Union Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be paid a dividend of $1.34 per share. The ex-dividend date is Friday, May 30th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.37%. Union Pacific's dividend payout ratio (DPR) is presently 48.29%.

Analysts Set New Price Targets

UNP has been the topic of several research analyst reports. Stifel Nicolaus lowered their price objective on shares of Union Pacific from $270.00 to $248.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Barclays decreased their price target on shares of Union Pacific from $285.00 to $260.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Raymond James Financial restated a "strong-buy" rating on shares of Union Pacific in a research note on Friday, April 25th. Jefferies Financial Group lowered their target price on shares of Union Pacific from $255.00 to $230.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Finally, Argus upgraded Union Pacific to a "strong-buy" rating in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $257.74.

Union Pacific Company 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.