1832 Asset Management L.P. Reduces Position in Union Pacific Corporation $UNP

Key Points

• 1832 Asset Management L.P. reduced its stake in Union Pacific Corporation by 5% in the first quarter, now holding 580,516 shares valued at approximately $137 million.
• The company reported a Q2 earnings per share (EPS) of $3.03, surpassing estimates of $2.84, alongside a revenue of $6.15 billion.
• Union Pacific has increased its quarterly dividend to $1.38, indicating a 2.5% yield, with a payout ratio of 46.57%.

1832 Asset Management L.P. decreased its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 5.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 580,516 shares of the railroad operator's stock after selling 30,553 shares during the quarter. 1832 Asset Management L.P. owned about 0.10% of Union Pacific worth $137,141,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Nuveen LLC purchased a new position in Union Pacific during the first quarter valued at $988,822,000. GAMMA Investing LLC lifted its position in Union Pacific by 27,502.8% during the first quarter. GAMMA Investing LLC now owns 2,491,151 shares of the railroad operator's stock valued at $588,510,000 after buying an additional 2,482,126 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Union Pacific by 35.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,968,658 shares of the railroad operator's stock valued at $1,133,053,000 after buying an additional 1,294,643 shares during the period. Castlekeep Investment Advisors LLC purchased a new position in Union Pacific during the fourth quarter valued at $273,361,000. Finally, Northern Trust Corp lifted its position in 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 buying an additional 920,414 shares during the period. Hedge funds and other institutional investors own 80.38% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on UNP. Royal Bank Of Canada raised their price objective on Union Pacific from $257.00 to $276.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Baird R W raised shares of Union Pacific to a "hold" rating in a research report on Tuesday, July 1st. UBS Group increased their price objective on shares of Union Pacific from $238.00 to $240.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. The Goldman Sachs Group reissued a "neutral" rating and set a $263.00 price objective on shares of Union Pacific in a research report on Monday, June 2nd. Finally, Sanford C. Bernstein increased their price objective on shares of Union Pacific from $271.00 to $286.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $258.21.

Union Pacific Stock Performance

Shares of Union Pacific stock traded down $4.4920 during trading hours on Monday, reaching $223.3580. 5,992,964 shares of the stock traded hands, compared to its average volume of 3,396,412. The company has a 50 day moving average price of $226.99 and a 200 day moving average price of $228.58. The firm has a market capitalization of $132.46 billion, a price-to-earnings ratio of 19.41, a P/E/G ratio of 2.21 and a beta of 1.05. Union Pacific Corporation has a one year low of $204.66 and a one year high of $258.07. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86.

Union Pacific (NYSE:UNP - Get Free Report) last released its earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $6.09 billion. During the same quarter last year, the business earned $2.74 EPS. The firm's revenue was up 2.4% compared to the same quarter last year. On average, equities research analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

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