Union Pacific Corporation $UNP Shares Sold by Orser Capital Management LLC

Key Points

• Orser Capital Management LLC reduced its stakes in Union Pacific Corporation by 26% during Q2, owning 6,881 shares valued at approximately $1.58 million.
• Union Pacific recently declared an increased quarterly dividend of $1.38 per share, representing a 2.6% yield and a payout ratio of 47.96%.
• For the last quarter, Union Pacific reported earnings of $3.03 per share, exceeding analysts' expectations, and a revenue increase of 2.4% year-over-year.

Orser Capital Management LLC trimmed its position in Union Pacific Corporation (NYSE:UNP - Free Report) by 26.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,881 shares of the railroad operator's stock after selling 2,422 shares during the period. Union Pacific comprises about 1.2% of Orser Capital Management LLC's investment portfolio, making the stock its 27th largest position. Orser Capital Management LLC's holdings in Union Pacific were worth $1,583,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northern Trust Corp lifted its holdings in Union Pacific by 2.0% in the 1st quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator's stock valued at $1,678,575,000 after purchasing an additional 142,732 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Union Pacific by 5.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,949,345 shares of the railroad operator's stock valued at $1,641,715,000 after purchasing an additional 354,463 shares in the last quarter. Royal Bank of Canada lifted its holdings in Union Pacific by 1.7% in the 1st quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator's stock valued at $1,206,191,000 after purchasing an additional 86,292 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Union Pacific by 35.2% in the 4th 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 valued at $1,133,053,000 after purchasing an additional 1,294,643 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in Union Pacific by 10.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator's stock valued at $1,092,893,000 after purchasing an additional 452,788 shares in the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Trading Up 0.6%

UNP opened at $216.18 on Tuesday. The firm has a market capitalization of $128.20 billion, a P/E ratio of 18.78, a P/E/G ratio of 2.09 and a beta of 1.03. The firm's 50 day moving average is $224.08 and its 200-day moving average is $225.57. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $256.84. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86.

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, topping analysts' consensus estimates of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The business had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.09 billion. During the same quarter last year, the company earned $2.74 earnings per share. The business's quarterly revenue was up 2.4% compared to the same quarter last year. Analysts expect that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The business also recently declared 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 is an increase from Union Pacific's previous quarterly dividend of $1.34. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.6%. Union Pacific's dividend payout ratio is 47.96%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on UNP shares. Susquehanna reduced their target price on shares of Union Pacific from $260.00 to $257.00 and set a "positive" rating on the stock in a report on Wednesday, July 30th. Baird R W upgraded shares of Union Pacific to a "hold" rating in a report on Tuesday, July 1st. Barclays cut shares of Union Pacific from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, July 30th. BMO Capital Markets raised their target price on shares of Union Pacific from $270.00 to $277.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Finally, Robert W. Baird initiated coverage on shares of Union Pacific in a research report on Tuesday, July 1st. They issued a "neutral" rating and a $231.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $258.25.

Union Pacific Company 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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