Union Pacific Corporation $UNP Shares Sold by Cornerstone Select Advisors LLC

Key Points

• Cornerstone Select Advisors LLC decreased its stake in Union Pacific Corporation by 25.1%, selling 1,214 shares, which left the fund with a total of 3,630 shares valued at $858,000.
• Union Pacific recently increased its quarterly dividend from $1.34 to $1.38 per share, resulting in an annualized dividend of $5.52 and a yield of 2.5%.
• The company reported earnings per share (EPS) of $3.03 for the last quarter, exceeding analyst expectations and achieving a revenue of $6.15 billion compared to the anticipated $6.09 billion.

Cornerstone Select Advisors LLC lowered its position in Union Pacific Corporation (NYSE:UNP - Free Report) by 25.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,630 shares of the railroad operator's stock after selling 1,214 shares during the quarter. Cornerstone Select Advisors LLC's holdings in Union Pacific were worth $858,000 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 added to or reduced their stakes in UNP. Edgar Lomax Co. VA purchased a new position in Union Pacific in the first quarter valued at about $23,058,000. Korea Investment CORP raised its position in Union Pacific by 0.8% in the first quarter. Korea Investment CORP now owns 452,305 shares of the railroad operator's stock valued at $106,853,000 after purchasing an additional 3,680 shares during the period. Qtron Investments LLC raised its position in Union Pacific by 9.1% in the first quarter. Qtron Investments LLC now owns 6,665 shares of the railroad operator's stock valued at $1,575,000 after purchasing an additional 557 shares during the period. Alpha Family Trust raised its position in Union Pacific by 27.6% in the first quarter. Alpha Family Trust now owns 2,035 shares of the railroad operator's stock valued at $481,000 after purchasing an additional 440 shares during the period. Finally, Aptus Capital Advisors LLC raised its position in Union Pacific by 429.7% in the first quarter. Aptus Capital Advisors LLC now owns 95,110 shares of the railroad operator's stock valued at $22,469,000 after purchasing an additional 77,153 shares during the period. Institutional investors and hedge funds own 80.38% of the company's stock.

Union Pacific Stock Performance

Shares of UNP stock opened at $220.55 on Monday. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $258.07. The firm has a market capitalization of $130.79 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 2.14 and a beta of 1.05. The business has a 50 day simple moving average of $227.06 and a 200 day simple moving average of $229.29. 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 issued its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.84 by $0.19. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%. The business had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.09 billion. During the same period in the prior year, the company posted $2.74 EPS. The business's revenue for the quarter was up 2.4% compared to the same quarter last year. On average, equities research analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be paid a dividend of $1.38 per share. 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 an increase from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's dividend payout ratio is 46.57%.

Wall Street Analysts Forecast Growth

UNP has been the topic of several research reports. 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. Raymond James Financial reissued a "strong-buy" rating on shares of Union Pacific in a research report on Tuesday, July 15th. Barclays lowered Union Pacific from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, July 30th. Sanford C. Bernstein lifted their target price on Union Pacific from $271.00 to $286.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Finally, Susquehanna dropped 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 research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Union Pacific has an average 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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