Union Pacific Corporation (NYSE:UNP) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC reduced its position in Union Pacific Corporation (NYSE:UNP - Free Report) by 0.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 323,569 shares of the railroad operator's stock after selling 1,213 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.05% of Union Pacific worth $76,440,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Geode Capital Management LLC boosted its position in shares of Union Pacific by 12.6% during the fourth 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. Capital Research Global Investors lifted its stake in Union Pacific by 14.3% during the 4th quarter. Capital Research Global Investors now owns 10,395,364 shares of the railroad operator's stock valued at $2,370,559,000 after acquiring an additional 1,298,178 shares during the period. Norges Bank purchased a new stake in shares of Union Pacific during the 4th quarter valued at about $1,927,377,000. Franklin Resources Inc. grew its stake in shares of Union Pacific by 5.0% in the fourth quarter. Franklin Resources Inc. now owns 7,686,387 shares of the railroad operator's stock worth $1,752,804,000 after acquiring an additional 363,937 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Union Pacific by 15.2% during the fourth quarter. Northern Trust Corp now owns 6,962,650 shares of the railroad operator's stock valued at $1,587,763,000 after purchasing an additional 920,414 shares during the last quarter. 80.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on UNP. Stifel Nicolaus dropped their target price on shares of Union Pacific from $270.00 to $248.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Redburn Atlantic raised 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. Stephens reduced their price objective on Union Pacific from $275.00 to $255.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Deutsche Bank Aktiengesellschaft initiated coverage on Union Pacific in a research report on Friday, March 7th. They issued a "buy" rating and a $295.00 target price on the stock. Finally, UBS Group reduced their price target on shares of Union Pacific from $255.00 to $245.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $258.39.

Union Pacific Stock Down 0.8%

Shares of NYSE UNP traded down $1.72 during mid-day trading on Wednesday, reaching $226.20. 277,109 shares of the company were exchanged, compared to its average volume of 3,007,169. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $258.07. The firm has a 50-day moving average of $221.49 and a 200 day moving average of $230.81. The stock has a market cap of $135.15 billion, a price-to-earnings ratio of 20.38, a P/E/G ratio of 2.27 and a beta of 1.05. The company has a quick ratio of 0.61, a current ratio of 0.73 and a debt-to-equity ratio of 1.91.

Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The railroad operator reported $2.70 earnings per share for the quarter, missing analysts' consensus estimates of $2.73 by ($0.03). The firm had revenue of $6.03 billion during 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 firm's quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.69 earnings per share. On average, research analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

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

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.