Applied Finance Capital Management LLC Has $19.55 Million Stock Position in Union Pacific Corporation (NYSE:UNP)

Key Points

• Applied Finance Capital Management LLC significantly reduced its holdings in Union Pacific Corporation by 49.4%, now owning 82,765 shares of the stock as of the latest SEC disclosure.
• Union Pacific reported strong quarterly earnings with $3.03 EPS, beating expectations and showing a 2.4% year-over-year revenue increase to $6.15 billion.
• The company declared a quarterly dividend of $1.38 per share, marking an increase from the previous dividend, with a yield of 2.46%.

Applied Finance Capital Management LLC trimmed its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 49.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,765 shares of the railroad operator's stock after selling 80,949 shares during the period. Union Pacific accounts for approximately 1.4% of Applied Finance Capital Management LLC's holdings, making the stock its 29th largest position. Applied Finance Capital Management LLC's holdings in Union Pacific were worth $19,553,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Angeles Wealth Management LLC grew its position in Union Pacific by 1.7% in the first quarter. Angeles Wealth Management LLC now owns 6,650 shares of the railroad operator's stock worth $1,571,000 after acquiring an additional 111 shares in the last quarter. First Heartland Consultants Inc. bought a new stake in shares of Union Pacific during the 1st quarter worth $480,000. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Union Pacific by 1.3% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 124,280 shares of the railroad operator's stock worth $29,360,000 after buying an additional 1,589 shares during the period. Phoenix Financial Ltd. boosted its holdings in shares of Union Pacific by 27.4% during the 1st quarter. Phoenix Financial Ltd. now owns 41,478 shares of the railroad operator's stock worth $9,803,000 after buying an additional 8,925 shares during the period. Finally, Drive Wealth Management LLC boosted its holdings in shares of Union Pacific by 276.4% during the 1st quarter. Drive Wealth Management LLC now owns 7,226 shares of the railroad operator's stock worth $1,707,000 after buying an additional 5,306 shares during the period. 80.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Baird R W raised shares of Union Pacific to a "hold" rating in a report on Tuesday, July 1st. Redburn Atlantic raised shares of Union Pacific from a "neutral" rating to a "buy" rating and set a $259.00 price objective for the company in a report on Wednesday, April 16th. Susquehanna decreased their price objective on shares of Union Pacific from $260.00 to $257.00 and set a "positive" rating for the company in a report on Wednesday. Royal Bank Of Canada upped their price objective on shares of Union Pacific from $257.00 to $276.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, Jefferies Financial Group raised shares of Union Pacific from a "hold" rating to a "buy" rating and upped their price objective for the stock from $250.00 to $285.00 in a report on Friday, July 25th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Union Pacific presently has an average rating of "Moderate Buy" and a consensus target price of $258.21.

Union Pacific Price Performance

Shares of UNP stock traded up $1.44 during mid-day trading on Wednesday, reaching $225.21. The company's stock had a trading volume of 3,368,952 shares, compared to its average volume of 3,272,981. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $258.07. The company has a market cap of $134.56 billion, a P/E ratio of 19.57, a PEG ratio of 2.27 and a beta of 1.05. 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 firm's 50-day moving average is $227.07 and its two-hundred day moving average is $231.00.

Union Pacific (NYSE:UNP - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) 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 prior year, the company posted $2.74 EPS. The business's revenue was up 2.4% on a year-over-year basis. On average, research analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.45%. This is a boost from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's dividend payout ratio (DPR) is 47.96%.

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.