Union Pacific Corporation (NYSE:UNP) Shares Sold by Patton Albertson Miller Group LLC

Patton Albertson Miller Group LLC lowered its position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 30.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,666 shares of the railroad operator's stock after selling 9,393 shares during the quarter. Patton Albertson Miller Group LLC's holdings in Union Pacific were worth $5,118,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Fiduciary Trust Co raised its stake in Union Pacific by 2.8% during the fourth quarter. Fiduciary Trust Co now owns 102,213 shares of the railroad operator's stock worth $23,309,000 after purchasing an additional 2,807 shares during the period. Sherbrooke Park Advisers LLC purchased a new position in Union Pacific during the fourth quarter worth approximately $781,000. Meadow Creek Wealth Advisors LLC raised its stake in Union Pacific by 10.9% during the first quarter. Meadow Creek Wealth Advisors LLC now owns 3,666 shares of the railroad operator's stock worth $866,000 after purchasing an additional 359 shares during the period. GAMMA Investing LLC raised its stake in Union Pacific by 16.8% during the first quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator's stock worth $2,491,000 after purchasing an additional 1,520 shares during the period. Finally, Truist Financial Corp raised its stake in Union Pacific by 2.7% during the first quarter. Truist Financial Corp now owns 968,061 shares of the railroad operator's stock worth $228,695,000 after purchasing an additional 25,900 shares during the period. Institutional investors and hedge funds own 80.38% of the company's stock.

Union Pacific Price Performance

Shares of UNP stock opened at $227.28 on Friday. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.73 and a quick ratio of 0.61. The firm has a market cap of $135.79 billion, a P/E ratio of 20.48, a P/E/G ratio of 2.31 and a beta of 1.05. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $258.07. The firm has a fifty day moving average of $227.35 and a two-hundred day moving average of $231.17.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The railroad operator reported $2.70 EPS for the quarter, missing the consensus estimate of $2.73 by ($0.03). Union Pacific had a net margin of 27.76% and a return on equity of 40.80%. The business had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.11 billion. During the same period last year, the firm posted $2.69 earnings per share. The company's quarterly revenue was down .1% on a year-over-year basis. As a group, research analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be issued a $1.38 dividend. The ex-dividend date is Friday, August 29th. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a dividend yield of 2.43%. Union Pacific's payout ratio is 48.29%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on UNP shares. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $271.00 price target (up previously from $267.00) on shares of Union Pacific in a research note on Tuesday, July 8th. Jefferies Financial Group cut their target price on shares of Union Pacific from $255.00 to $230.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Barclays raised their target price on shares of Union Pacific from $260.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. UBS Group cut their target price on shares of Union Pacific from $255.00 to $245.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Finally, Citigroup raised their target price on shares of Union Pacific from $244.00 to $270.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Union Pacific currently has a consensus rating of "Moderate Buy" and an average price target of $257.13.

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.

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