Union Pacific Corporation $UNP Shares Sold by AlTi Global Inc.

AlTi Global Inc. reduced its position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 33.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,962 shares of the railroad operator's stock after selling 5,904 shares during the period. AlTi Global Inc.'s holdings in Union Pacific were worth $3,257,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Rachor Investment Advisory Services LLC acquired a new stake in shares of Union Pacific during the fourth quarter worth about $25,000. Tucker Asset Management LLC purchased a new position in shares of Union Pacific in the fourth quarter valued at approximately $25,000. SWAN Capital LLC grew its holdings in shares of Union Pacific by 2,575.0% in the fourth quarter. SWAN Capital LLC now owns 107 shares of the railroad operator's stock valued at $25,000 after purchasing an additional 103 shares in the last quarter. High Point Wealth Management LLC acquired a new position in shares of Union Pacific in the fourth quarter valued at approximately $26,000. Finally, Cornerstone Financial Management LLC purchased a new stake in Union Pacific during the 4th quarter worth approximately $27,000. 80.38% of the stock is owned by institutional investors and hedge funds.

Union Pacific Stock Performance

Shares of UNP opened at $293.57 on Monday. The stock has a 50 day moving average price of $283.00 and a 200 day moving average price of $265.37. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $174.40 billion, a price-to-earnings ratio of 23.77, a price-to-earnings-growth ratio of 3.00 and a beta of 0.96. Union Pacific Corporation has a 52-week low of $210.84 and a 52-week high of $315.99.

Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, topping analysts' consensus estimates of $3.26 by $0.15. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The company had revenue of $6.86 billion for the quarter, compared to analysts' expectations of $6.72 billion. During the same quarter last year, the company earned $3.03 earnings per share. The firm's revenue for the quarter was up 11.5% on a year-over-year basis. Research analysts predict that Union Pacific Corporation will post 12.93 EPS for the current fiscal year.

Union Pacific Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be given a $1.42 dividend. This is a positive change from Union Pacific's previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.9%. Union Pacific's payout ratio is 44.70%.

Insider Activity at Union Pacific

In related news, EVP Eric J. Gehringer sold 2,991 shares of Union Pacific stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total transaction of $789,504.36. Following the sale, the executive vice president directly owned 43,012 shares in the company, valued at $11,353,447.52. This trade represents a 6.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.22% of the stock is owned by company insiders.

Analyst Ratings Changes

UNP has been the topic of a number of research reports. Citizens Jmp began coverage on shares of Union Pacific in a report on Wednesday, July 15th. They set an "outperform" rating and a $350.00 target price on the stock. Raymond James Financial restated a "strong-buy" rating on shares of Union Pacific in a research note on Monday, July 13th. The Goldman Sachs Group set a $317.00 price objective on Union Pacific and gave the stock a "neutral" rating in a research report on Thursday, July 23rd. JPMorgan Chase & Co. increased their price objective on Union Pacific from $304.00 to $334.00 and gave the company a "neutral" rating in a research note on Friday, July 24th. Finally, Susquehanna lifted their target price on Union Pacific from $305.00 to $333.00 and gave the company a "positive" rating in a report on Tuesday, July 14th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Union Pacific has a consensus rating of "Moderate Buy" and a consensus price target of $320.89.

About Union Pacific

Union Pacific Corporation NYSE: UNP is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific's core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source