Union Pacific Corporation $UNP Shares Sold by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management reduced its stake in Union Pacific Corporation by 7.4%, selling 367,590 shares, which now totals approximately $1.09 billion.
• Union Pacific's stock recently reported a 1.3% decrease, with a 1-year range between $204.66 and $256.84, and currently holds a market cap of $128.93 billion.
• The company increased its quarterly dividend to $1.38 per share, representing an annualized dividend of $5.52 and a yield of 2.5%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC decreased its stake in Union Pacific Corporation (NYSE:UNP - Free Report) by 7.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,601,068 shares of the railroad operator's stock after selling 367,590 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.77% of Union Pacific worth $1,086,956,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Highline Wealth Partners LLC boosted its position in shares of Union Pacific by 103.5% in the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock worth $27,000 after buying an additional 59 shares during the period. Financial Gravity Asset Management Inc. purchased a new position in Union Pacific in the first quarter valued at about $32,000. WPG Advisers LLC purchased a new position in Union Pacific in the first quarter valued at about $33,000. Cornerstone Planning Group LLC boosted its holdings in Union Pacific by 50.5% in the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock valued at $37,000 after purchasing an additional 56 shares during the last quarter. Finally, IMA Advisory Services Inc. purchased a new position in Union Pacific in the first quarter valued at about $43,000. Hedge funds and other institutional investors own 80.38% of the company's stock.

Union Pacific Stock Down 1.3%

Shares of UNP stock opened at $217.41 on Tuesday. 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 $128.93 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 2.14 and a beta of 1.03. The business's fifty day moving average is $226.14 and its 200-day moving average is $226.61. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65.

Union Pacific (NYSE:UNP - Get Free Report) last issued its earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, topping the consensus estimate of $2.84 by $0.19. The business had revenue of $6.15 billion during 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%.Union Pacific's revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.74 earnings per share. Equities analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be paid a dividend of $1.38 per share. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, August 29th. Union Pacific's dividend payout ratio is presently 47.96%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Citigroup downgraded Union Pacific from a "strong-buy" rating to a "hold" rating and reduced their target price for the stock from $270.00 to $250.00 in a report on Wednesday, July 30th. Evercore ISI reduced their target price on Union Pacific from $244.00 to $238.00 and set an "in-line" rating on the stock in a report on Friday, July 25th. Sanford C. Bernstein increased their price target on Union Pacific from $271.00 to $286.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Jefferies Financial Group upgraded Union Pacific from a "hold" rating to a "buy" rating and increased their price target for the stock from $250.00 to $285.00 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 research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $258.21.

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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