Union Pacific Corporation $UNP Shares Sold by Comerica Bank

Key Points

• Comerica Bank has reduced its stake in Union Pacific Corporation by 1.9%, now holding 260,039 shares valued at approximately $61.4 million.
• Union Pacific recently reported earnings of $3.03 EPS for the quarter, exceeding analysts' expectations, with a revenue of $6.15 billion.
• The company has announced a quarterly dividend increase to $1.38, representing a 2.4% dividend yield and a payout ratio of 47.96%.

Comerica Bank lowered its stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 1.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 260,039 shares of the railroad operator's stock after selling 5,157 shares during the quarter. Comerica Bank's holdings in Union Pacific were worth $61,432,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Nuveen LLC purchased a new stake in Union Pacific during the 1st quarter worth about $988,822,000. GAMMA Investing LLC grew its position in shares of 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 worth $588,510,000 after buying an additional 2,482,126 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of 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 worth $1,133,053,000 after buying an additional 1,294,643 shares during the period. Castlekeep Investment Advisors LLC acquired a new stake in Union Pacific in the fourth quarter valued at approximately $273,361,000. Finally, Northern Trust Corp raised its holdings in Union Pacific by 15.2% in 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 acquiring an additional 920,414 shares in the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Stock Performance

NYSE UNP opened at $227.4770 on Friday. The company has a fifty day moving average of $226.99 and a two-hundred day moving average of $228.69. The company has a market capitalization of $134.90 billion, a PE ratio of 19.76, a P/E/G ratio of 2.21 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 company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53.

Union Pacific (NYSE:UNP - Get Free Report) last posted 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. 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 revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.74 earnings per share. As a group, analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The company also recently disclosed 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 of this dividend is Friday, August 29th. This is an increase from Union Pacific's previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. Union Pacific's dividend payout ratio is currently 47.96%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. BMO Capital Markets increased their price objective on shares of Union Pacific from $270.00 to $277.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Royal Bank Of Canada increased their target price on Union Pacific from $257.00 to $276.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Bank of America lifted their price target on Union Pacific from $256.00 to $262.00 and gave the stock a "buy" rating in a report on Friday, May 16th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $263.00 price objective on shares of Union Pacific in a report on Monday, June 2nd. Finally, Susquehanna cut their target price on Union Pacific from $260.00 to $257.00 and set a "positive" rating on the stock in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $258.21.

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.

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