Versor Investments LP Has $331,000 Holdings in Union Pacific Corporation $UNP

Key Points

• Versor Investments LP significantly reduced its stake in Union Pacific Corporation by 78.2%, selling 5,040 shares in the 1st quarter, leaving them with 1,402 shares worth $331,000.
• Union Pacific declared a higher quarterly dividend of $1.38 per share, up from $1.34, representing an annualized yield of 2.5%.
• Analysts have mixed opinions on Union Pacific, with a consensus rating of "Moderate Buy" and an average price target of $258.21 following various recent adjustments in price targets by brokerages.

Versor Investments LP decreased its stake in Union Pacific Corporation (NYSE:UNP - Free Report) by 78.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,402 shares of the railroad operator's stock after selling 5,040 shares during the quarter. Versor Investments LP's holdings in Union Pacific were worth $331,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Highline Wealth Partners LLC increased its stake in shares of Union Pacific by 103.5% during the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock worth $27,000 after purchasing an additional 59 shares during the last quarter. Financial Gravity Asset Management Inc. acquired a new position in shares of Union Pacific during the 1st quarter worth $32,000. Cornerstone Planning Group LLC increased its stake in shares of Union Pacific by 50.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock worth $37,000 after purchasing an additional 56 shares during the last quarter. IMA Advisory Services Inc. acquired a new position in shares of Union Pacific during the 1st quarter worth $43,000. Finally, Y.D. More Investments Ltd acquired a new position in shares of Union Pacific during the 1st quarter worth $55,000. Hedge funds and other institutional investors own 80.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on UNP shares. Robert W. Baird started coverage on shares of Union Pacific in a research note on Tuesday, July 1st. They issued a "neutral" rating and a $231.00 target price on the stock. Baird R W upgraded shares of Union Pacific to a "hold" rating in a research note on Tuesday, July 1st. Citigroup lowered shares of Union Pacific from a "strong-buy" rating to a "hold" rating and lowered their target price for the company from $270.00 to $250.00 in a research note on Wednesday, July 30th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $263.00 target price on shares of Union Pacific in a research note on Monday, June 2nd. Finally, Raymond James Financial reiterated a "strong-buy" rating on shares of Union Pacific in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Union Pacific has a consensus rating of "Moderate Buy" and a consensus price target of $258.21.

Union Pacific Price Performance

UNP stock traded down $4.4920 during trading on Monday, hitting $223.3580. 5,992,962 shares of the stock traded hands, compared to its average volume of 3,395,349. Union Pacific Corporation has a one year low of $204.66 and a one year high of $258.07. The stock has a market cap of $132.46 billion, a price-to-earnings ratio of 19.41, a P/E/G ratio of 2.21 and a beta of 1.05. The company has a 50 day simple moving average of $226.99 and a 200 day simple moving average of $228.58. 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 announced its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.19. The firm had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The firm's quarterly revenue was up 2.4% on a year-over-year basis. During the same period last year, the firm posted $2.74 EPS. Equities analysts expect that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be issued a dividend of $1.38 per share. 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 yield of 2.5%. The ex-dividend date is Friday, August 29th. Union Pacific's dividend payout ratio is presently 46.57%.

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.