Union Pacific Corporation (NYSE:UNP) Shares Sold by Lockheed Martin Investment Management Co.

Lockheed Martin Investment Management Co. cut its stake in shares of Union Pacific Corporation (NYSE:UNP) by 2.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 50,840 shares of the railroad operator’s stock after selling 1,200 shares during the period. Lockheed Martin Investment Management Co.’s holdings in Union Pacific were worth $12,010,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC raised its position in Union Pacific by 103.5% during the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator’s stock worth $27,000 after acquiring an additional 59 shares during the period. Financial Gravity Asset Management Inc. acquired a new position in Union Pacific during the first quarter worth $32,000. Cornerstone Planning Group LLC raised its position in Union Pacific by 50.5% during the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock worth $37,000 after acquiring an additional 56 shares during the period. Strategic Investment Solutions Inc. IL raised its position in Union Pacific by 38.8% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator’s stock worth $39,000 after acquiring an additional 45 shares during the period. Finally, IMA Advisory Services Inc. purchased a new stake in shares of Union Pacific during the first quarter worth $43,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada upped their target price on shares of Union Pacific from $257.00 to $276.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. BMO Capital Markets upped their target price on shares of Union Pacific from $270.00 to $277.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Barclays lowered shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 30th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $263.00 target price on shares of Union Pacific in a report on Monday, June 2nd. Finally, Argus raised shares of Union Pacific to a “strong-buy” rating in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Union Pacific has an average rating of “Moderate Buy” and a consensus price target of $258.21.

Union Pacific Stock Down 0.2%

Shares of UNP opened at $222.27 on Friday. The stock has a market capitalization of $131.82 billion, a PE ratio of 19.31, a P/E/G ratio of 2.17 and a beta of 1.05. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $258.07. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. The company’s 50-day simple moving average is $227.09 and its 200-day simple moving average is $230.45.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.19. The business had revenue of $6.15 billion for 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 business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.74 earnings per share. Analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The firm 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. This is a boost from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, August 29th. Union Pacific’s dividend payout ratio is currently 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.