Summit Global Investments Reduces Holdings in Union Pacific Co. (NYSE:UNP)

Summit Global Investments trimmed its holdings in shares of Union Pacific Co. (NYSE:UNP - Free Report) by 34.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,247 shares of the railroad operator's stock after selling 17,720 shares during the period. Summit Global Investments' holdings in Union Pacific were worth $7,854,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Compass Financial Services Inc bought a new position in shares of Union Pacific during the 4th quarter worth $25,000. Synergy Asset Management LLC purchased a new stake in Union Pacific during the fourth quarter valued at about $29,000. EnRich Financial Partners LLC purchased a new stake in shares of Union Pacific during the 4th quarter valued at approximately $31,000. PrairieView Partners LLC purchased a new stake in shares of Union Pacific during the 4th quarter valued at approximately $34,000. Finally, Strategic Investment Solutions Inc. IL boosted its holdings in Union Pacific by 38.8% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator's stock worth $39,000 after buying an additional 45 shares during the period. 80.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on UNP shares. 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. Loop Capital cut Union Pacific from a "hold" rating to a "sell" rating and reduced their price target for the company from $265.00 to $200.00 in a research report on Monday, February 3rd. Argus raised Union Pacific to a "strong-buy" rating in a report on Friday, May 16th. Susquehanna cut their target price on Union Pacific from $255.00 to $245.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Finally, Bank of America lifted 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $257.50.

Union Pacific Price Performance

UNP traded down $1.07 during trading on Friday, reaching $221.44. The stock had a trading volume of 4,179,597 shares, compared to its average volume of 2,642,700. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.77. The business has a 50-day moving average of $221.74 and a 200-day moving average of $232.68. Union Pacific Co. has a one year low of $204.66 and a one year high of $258.07. The stock has a market cap of $132.31 billion, a PE ratio of 19.97, a PEG ratio of 2.15 and a beta of 1.07.

Union Pacific (NYSE:UNP - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The railroad operator reported $2.70 EPS for the quarter, missing the consensus estimate of $2.73 by ($0.03). The firm 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 27.82% and a return on equity of 41.12%. Union Pacific's revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the company posted $2.69 earnings per share. As a group, equities research analysts anticipate that Union Pacific Co. will post 11.99 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be issued a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Friday, May 30th. Union Pacific's dividend payout ratio is currently 48.29%.

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.