Union Pacific Corporation $UNP Shares Sold by Annex Advisory Services LLC

Key Points

• Annex Advisory Services LLC reduced its holdings in Union Pacific Corporation by 28.4% during the second quarter, currently owning 3,890 shares valued at approximately $895,000.
• Union Pacific recently announced a quarterly dividend increase to $1.38 per share, representing a 2.5% yield and a payout ratio of 47.96%.
• Analysts have mixed ratings for Union Pacific, with one strong buy, fifteen buy, and ten hold ratings, alongside a consensus price target of $259.38.

Annex Advisory Services LLC decreased its holdings in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 28.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,890 shares of the railroad operator's stock after selling 1,540 shares during the quarter. Annex Advisory Services LLC's holdings in Union Pacific were worth $895,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Toronto Dominion Bank increased its holdings in Union Pacific by 6.7% in the fourth quarter. Toronto Dominion Bank now owns 344,840 shares of the railroad operator's stock valued at $78,636,000 after buying an additional 21,700 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in Union Pacific in the fourth quarter valued at approximately $1,143,000. Vermillion Wealth Management Inc. bought a new stake in Union Pacific during the fourth quarter valued at about $137,000. Perennial Advisors LLC bought a new stake in Union Pacific in the 4th quarter valued at $7,934,000. Finally, Putney Financial Group LLC bought a new position in Union Pacific during the 4th quarter valued at about $1,647,000. Institutional investors and hedge funds own 80.38% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on UNP shares. Royal Bank Of Canada upped their target price on shares of Union Pacific from $257.00 to $276.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Argus cut shares of Union Pacific from a "buy" rating to a "hold" rating in a research note on Tuesday, August 12th. Loop Capital raised Union Pacific from a "sell" rating to a "hold" rating and upped their price objective for the company from $214.00 to $227.00 in a research note on Tuesday, September 16th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $263.00 target price on shares of Union Pacific in a research report on Monday, June 2nd. Finally, UBS Group lifted their price objective on shares of Union Pacific from $238.00 to $240.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $259.38.

Union Pacific Trading Up 2.3%

Shares of Union Pacific stock traded up $5.17 during midday trading on Monday, reaching $225.78. 8,135,975 shares of the company's stock traded hands, compared to its average volume of 4,561,980. The stock has a 50 day moving average of $222.51 and a 200-day moving average of $224.70. The company has a market cap of $133.89 billion, a PE ratio of 19.62, a price-to-earnings-growth ratio of 2.14 and a beta of 1.03. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84.

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

Union Pacific Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. This is an increase from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's dividend payout ratio is presently 47.96%.

About Union Pacific

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.