Galvin Gaustad & Stein LLC Sells 17,039 Shares of Union Pacific Corporation (NYSE:UNP)

Key Points

• Galvin Gaustad & Stein LLC reduced its stake in Union Pacific Corporation by 21.8% during the first quarter, now holding 60,985 shares valued at approximately $14.4 million.
• Union Pacific has released earnings of $3.03 per share, exceeding estimates, while its revenue increased 2.4% year-over-year to $6.15 billion.
• The company announced a quarterly dividend of $1.38 per share, up from $1.34, resulting in an annualized yield of 2.46%.

Galvin Gaustad & Stein LLC cut its stake in Union Pacific Corporation (NYSE:UNP - Free Report) by 21.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 60,985 shares of the railroad operator's stock after selling 17,039 shares during the period. Galvin Gaustad & Stein LLC's holdings in Union Pacific were worth $14,407,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UNP. Fiduciary Trust Co raised its stake in shares of Union Pacific by 2.8% during the fourth quarter. Fiduciary Trust Co now owns 102,213 shares of the railroad operator's stock valued at $23,309,000 after purchasing an additional 2,807 shares during the period. Sherbrooke Park Advisers LLC acquired a new stake in Union Pacific in the fourth quarter valued at $781,000. Meadow Creek Wealth Advisors LLC raised its holdings in 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 valued at $866,000 after acquiring an additional 359 shares in the last quarter. GAMMA Investing LLC raised its holdings in Union Pacific by 16.8% in the first quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator's stock valued at $2,491,000 after acquiring an additional 1,520 shares in the last quarter. Finally, Truist Financial Corp raised its holdings in Union Pacific by 2.7% in the first quarter. Truist Financial Corp now owns 968,061 shares of the railroad operator's stock valued at $228,695,000 after acquiring an additional 25,900 shares in the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Union Pacific Trading Down 1.3%

UNP stock traded down $3.03 during mid-day trading on Thursday, reaching $222.25. 2,593,110 shares of the stock traded hands, compared to its average volume of 3,303,708. The company has a market cap of $131.81 billion, a P/E ratio of 19.32, a P/E/G ratio of 2.22 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 current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. The stock's fifty day moving average is $227.11 and its 200-day moving average is $230.96.

Union Pacific (NYSE:UNP - Get Free Report) last issued its earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, beating analysts' consensus estimates of $2.84 by $0.19. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%. The company had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.09 billion. During the same quarter in the prior year, the company earned $2.74 EPS. The firm's quarterly revenue was up 2.4% on a year-over-year basis. As a group, sell-side analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The business 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 is Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a yield of 2.48%. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's payout ratio is 46.57%.

Analysts Set New Price Targets

Several analysts recently issued reports on UNP shares. BMO Capital Markets upped their price target on shares of Union Pacific from $270.00 to $277.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Morgan Stanley cut their price target on shares of Union Pacific from $220.00 to $215.00 and set an "equal weight" rating on the stock in a report on Monday, July 7th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $263.00 price target on shares of Union Pacific in a report on Monday, June 2nd. Bank of America boosted their target price on shares of Union Pacific from $256.00 to $262.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Finally, Evercore ISI lowered their target price on shares of Union Pacific from $244.00 to $238.00 and set an "in-line" rating for the company in a research note on Friday, July 25th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $258.21.

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.