Union Pacific Corporation $UNP Shares Sold by Curi RMB Capital LLC

Key Points

• Curi RMB Capital LLC reduced its stake in Union Pacific Corporation by 38.3%, now holding 46,718 shares valued at over $11 million.
• Multiple hedge funds adjusted their positions in Union Pacific, with 80.38% of the stock held by institutional investors and hedge funds.
• Union Pacific announced an increase in its quarterly dividend to $1.38, representing a dividend yield of 2.5% and a payout ratio of 47.96%.

Curi RMB Capital LLC cut its position in Union Pacific Corporation (NYSE:UNP - Free Report) by 38.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,718 shares of the railroad operator's stock after selling 28,946 shares during the period. Curi RMB Capital LLC's holdings in Union Pacific were worth $11,037,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Titleist Asset Management LLC grew its holdings in Union Pacific by 1.1% during the first quarter. Titleist Asset Management LLC now owns 4,004 shares of the railroad operator's stock worth $946,000 after acquiring an additional 44 shares during the period. First Financial Bank Trust Division grew its holdings in Union Pacific by 1.7% during the first quarter. First Financial Bank Trust Division now owns 2,803 shares of the railroad operator's stock worth $662,000 after acquiring an additional 47 shares during the period. Stiles Financial Services Inc grew its holdings in Union Pacific by 1.6% during the first quarter. Stiles Financial Services Inc now owns 2,963 shares of the railroad operator's stock worth $700,000 after acquiring an additional 48 shares during the period. Avalon Trust Co grew its holdings in Union Pacific by 5.1% during the first quarter. Avalon Trust Co now owns 1,004 shares of the railroad operator's stock worth $237,000 after acquiring an additional 49 shares during the period. Finally, Mather Group LLC. grew its holdings in Union Pacific by 1.7% during the first quarter. Mather Group LLC. now owns 3,041 shares of the railroad operator's stock worth $718,000 after acquiring an additional 50 shares during the period. 80.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on UNP. Susquehanna dropped their target price on Union Pacific from $260.00 to $257.00 and set a "positive" rating on the stock in a report on Wednesday, July 30th. Argus lowered Union Pacific from a "buy" rating to a "hold" rating in a report on Tuesday, August 12th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $263.00 target price on shares of Union Pacific in a report on Monday, June 2nd. BMO Capital Markets increased their price target on Union Pacific from $270.00 to $277.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Finally, Royal Bank Of Canada increased their price target on Union Pacific from $257.00 to $276.00 and gave the stock an "outperform" rating 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, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Union Pacific presently has a consensus rating of "Moderate Buy" and an average price target of $258.21.

Union Pacific Stock Performance

Shares of UNP stock opened at $223.12 on Friday. The company has a market capitalization of $132.32 billion, a P/E ratio of 19.38, a P/E/G ratio of 2.15 and a beta of 1.03. The business's 50 day moving average is $226.62 and its two-hundred day moving average is $227.30. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84. The company has a current ratio of 0.65, a quick ratio of 0.53 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 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.19. The business had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The business's quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.74 earnings per share. Analysts expect that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The company 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 $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.5%. This is a boost from Union Pacific's previous quarterly dividend of $1.34. The ex-dividend date is Friday, August 29th. Union Pacific's dividend payout ratio (DPR) is 47.96%.

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.

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