Union Pacific Corporation (NYSE:UNP) Shares Sold by Gulf International Bank UK Ltd

Key Points

• Gulf International Bank UK Ltd reduced its stake in Union Pacific Corporation by 27.1% during the first quarter, selling 12,800 shares and owning 34,413 shares worth about $8.13 million.
• Union Pacific recently increased its quarterly dividend from $1.34 to $1.38, with a payout ratio of 46.57% and an annualized yield of 2.5%.
• Analysts have mixed opinions on Union Pacific, with one sell rating, twelve hold ratings, and fourteen buy ratings, leading to a consensus rating of "Moderate Buy" and an average target price of $258.21.

Gulf International Bank UK Ltd cut its position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 27.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,413 shares of the railroad operator's stock after selling 12,800 shares during the quarter. Gulf International Bank UK Ltd's holdings in Union Pacific were worth $8,129,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allred Capital Management LLC raised its holdings in shares of Union Pacific by 0.5% in the fourth quarter. Allred Capital Management LLC now owns 8,349 shares of the railroad operator's stock worth $1,904,000 after acquiring an additional 40 shares during the last quarter. Strategic Investment Solutions Inc. IL raised its holdings in shares of Union Pacific by 38.8% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator's stock worth $39,000 after acquiring an additional 45 shares during the last quarter. Foster Dykema Cabot & Partners LLC raised its holdings in shares of Union Pacific by 1.6% in the fourth quarter. Foster Dykema Cabot & Partners LLC now owns 2,922 shares of the railroad operator's stock worth $666,000 after acquiring an additional 47 shares during the last quarter. First Financial Bank Trust Division raised its holdings in shares of Union Pacific by 1.7% in the first quarter. First Financial Bank Trust Division now owns 2,803 shares of the railroad operator's stock worth $662,000 after acquiring an additional 47 shares during the last quarter. Finally, Stiles Financial Services Inc increased its stake in Union Pacific by 1.6% in the first quarter. Stiles Financial Services Inc now owns 2,963 shares of the railroad operator's stock valued at $700,000 after purchasing an additional 48 shares during the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UNP has been the subject of several analyst reports. Argus lowered Union Pacific from a "buy" rating to a "hold" rating in a research note on Tuesday. Evercore ISI dropped their target price on 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. Wells Fargo & Company upped their target price on Union Pacific from $250.00 to $260.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Redburn Atlantic upgraded Union Pacific from a "neutral" rating to a "buy" rating and set a $259.00 target price for the company in a research note on Wednesday, April 16th. Finally, The Goldman Sachs Group reissued a "neutral" rating and set a $263.00 price target on shares of Union Pacific in a research report on Monday, June 2nd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $258.21.

Union Pacific Stock Down 0.3%

Shares of Union Pacific stock opened at $218.89 on Wednesday. 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 business's 50 day simple moving average is $227.04 and its 200-day simple moving average is $230.04. The stock has a market capitalization of $129.81 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 2.14 and a beta of 1.05. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $258.07.

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

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be issued a $1.38 dividend. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. The ex-dividend date of this dividend is Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a yield of 2.5%. Union Pacific's dividend payout ratio is currently 46.57%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.