Union Pacific Corporation $UNP Shares Sold by Signature Estate & Investment Advisors LLC

Key Points

• Signature Estate & Investment Advisors LLC reduced its holdings in Union Pacific Corporation by 68.2% in the first quarter, after selling 3,006 shares, leaving it with 1,402 shares worth $331,000.
• Union Pacific reported $3.03 earnings per share for the last quarter, exceeding analysts' expectations of $2.84, alongside a 2.4% year-over-year revenue increase.
• The company announced a quarterly dividend of $1.38 per share, representing a 2.6% yield, with an increase from the previous dividend of $1.34.

Signature Estate & Investment Advisors LLC lowered its position in Union Pacific Corporation (NYSE:UNP - Free Report) by 68.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,402 shares of the railroad operator's stock after selling 3,006 shares during the period. Signature Estate & Investment Advisors LLC's holdings in Union Pacific were worth $331,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Sherbrooke Park Advisers LLC acquired a new stake in shares of Union Pacific during the 4th quarter valued at approximately $781,000. LGT Group Foundation lifted its position in shares of Union Pacific by 9.7% during the 1st quarter. LGT Group Foundation now owns 5,398 shares of the railroad operator's stock valued at $1,275,000 after acquiring an additional 477 shares during the period. Nuveen LLC acquired a new stake in shares of Union Pacific during the 1st quarter valued at approximately $988,822,000. SlateStone Wealth LLC lifted its position in shares of Union Pacific by 6.2% during the 1st quarter. SlateStone Wealth LLC now owns 13,264 shares of the railroad operator's stock valued at $3,133,000 after acquiring an additional 772 shares during the period. Finally, Meadow Creek Wealth Advisors LLC lifted its position in shares of Union Pacific by 10.9% during the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 3,666 shares of the railroad operator's stock valued at $866,000 after acquiring an additional 359 shares during the period. Institutional investors and hedge funds own 80.38% of the company's stock.

Union Pacific Trading Down 0.5%

Shares of UNP opened at $214.87 on Thursday. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. The firm has a 50 day simple moving average of $225.30 and a 200-day simple moving average of $226.45. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84. The stock has a market cap of $127.43 billion, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 2.10 and a beta of 1.03.

Union Pacific (NYSE:UNP - Get Free Report) last issued 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 return on equity of 41.73% and a net margin of 28.43%.The company had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same quarter 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. Equities analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The firm 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 dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.6%. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. The ex-dividend date is Friday, August 29th. Union Pacific's payout ratio is 47.96%.

Wall Street Analyst Weigh In

UNP has been the subject of a number of research reports. Citigroup downgraded shares of Union Pacific from a "strong-buy" rating to a "hold" rating and reduced their price target for the company from $270.00 to $250.00 in a research report on Wednesday, July 30th. Bank of America lifted their price target on shares of Union Pacific from $256.00 to $262.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Raymond James Financial reiterated a "strong-buy" rating on shares of Union Pacific in a research report on Tuesday, July 15th. UBS Group raised their price objective on shares of Union Pacific from $238.00 to $240.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. Finally, Royal Bank Of Canada raised their price objective on shares of Union Pacific from $257.00 to $276.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Union Pacific presently has an average rating of "Moderate Buy" and an average price target 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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