Wellington Management Group LLP Has $1.28 Billion Stock Position in Union Pacific Corporation $UNP

Key Points

• Wellington Management Group LLP reduced its stake in Union Pacific Corporation by 6.1%, now owning approximately 5.4 million shares valued at about $1.28 billion.
• Union Pacific announced a quarterly dividend of $1.38 per share, increasing from its previous dividend of $1.34, reflecting a 2.5% yield.
• The company's recent earnings beat expectations, with $3.03 EPS reported compared to the consensus estimate of $2.84, alongside revenues of $6.15 billion.

Wellington Management Group LLP decreased its holdings in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 6.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,435,643 shares of the railroad operator's stock after selling 353,045 shares during the quarter. Wellington Management Group LLP owned approximately 0.91% of Union Pacific worth $1,284,116,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Fiduciary Trust Co increased its stake in shares of Union Pacific by 2.8% during the 4th quarter. Fiduciary Trust Co now owns 102,213 shares of the railroad operator's stock worth $23,309,000 after purchasing an additional 2,807 shares during the last quarter. Sherbrooke Park Advisers LLC bought a new stake in shares of Union Pacific during the 4th quarter worth $781,000. LGT Group Foundation boosted its holdings 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 worth $1,275,000 after buying an additional 477 shares during the period. Nuveen LLC bought a new stake in shares of Union Pacific during the 1st quarter worth $988,822,000. Finally, SlateStone Wealth LLC boosted its holdings 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 worth $3,133,000 after buying an additional 772 shares during the period. Institutional investors and hedge funds own 80.38% of the company's stock.

Analyst Ratings Changes

UNP has been the subject of several recent analyst reports. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Union Pacific in a report on Tuesday, July 15th. Stephens decreased their price objective on shares of Union Pacific from $275.00 to $255.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Jefferies Financial Group raised shares of Union Pacific from a "hold" rating to a "buy" rating and upped their price objective for the stock from $250.00 to $285.00 in a report on Friday, July 25th. 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 report on Wednesday, July 30th. Finally, Argus downgraded shares of Union Pacific from a "buy" rating to a "hold" rating in a report on Tuesday, August 12th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Union Pacific presently has a consensus rating of "Moderate Buy" and a consensus target price of $258.21.

Union Pacific Stock Performance

Shares of UNP opened at $220.55 on Monday. The stock has a market capitalization of $130.79 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 2.14 and a beta of 1.05. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. The firm has a fifty day simple moving average of $227.06 and a 200 day simple moving average of $229.29. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $258.07.

Union Pacific (NYSE:UNP - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, beating analysts' consensus estimates of $2.84 by $0.19. The firm had revenue of $6.15 billion during the quarter, compared to analysts' expectations of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The company's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.74 earnings per share. Research analysts forecast that Union Pacific Corporation will post 11.99 EPS 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. Shareholders of record on Friday, August 29th will be paid a $1.38 dividend. 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 46.57%.

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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