1832 Asset Management L.P. Decreases Stake in Union Pacific Corporation $UNP

1832 Asset Management L.P. reduced its position in shares of Union Pacific Corporation (NYSE:UNP) by 5.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 580,516 shares of the railroad operator’s stock after selling 30,553 shares during the quarter. 1832 Asset Management L.P.’s holdings in Union Pacific were worth $137,141,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UNP. Highline Wealth Partners LLC increased 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 purchasing an additional 59 shares during the last quarter. Financial Gravity Asset Management Inc. acquired a new stake in Union Pacific during the first quarter worth about $32,000. Cornerstone Planning Group LLC increased 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 purchasing an additional 56 shares during the last quarter. IMA Advisory Services Inc. acquired a new stake in Union Pacific during the first quarter worth about $43,000. Finally, Y.D. More Investments Ltd acquired a new stake in Union Pacific during the first quarter worth about $55,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Price Performance

Shares of UNP opened at $225.1270 on Friday. 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 stock has a market cap of $133.51 billion, a PE ratio of 19.56, a P/E/G ratio of 2.19 and a beta of 1.05. The firm has a 50-day simple moving average of $226.91 and a two-hundred day simple moving average of $228.91. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $258.07.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share 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 business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.74 earnings per share. As a group, analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The firm 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 $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.5%. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. The ex-dividend date is Friday, August 29th. Union Pacific’s dividend payout ratio (DPR) is presently 46.57%.

Wall Street Analyst Weigh In

UNP has been the subject of several recent analyst reports. Bank of America raised their price objective on shares of Union Pacific from $256.00 to $262.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. Robert W. Baird assumed coverage on shares of Union Pacific in a research report on Tuesday, July 1st. They set a “neutral” rating and a $231.00 price objective for the company. Barclays cut shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 30th. Stephens dropped their price target on shares of Union Pacific from $275.00 to $255.00 and set an “overweight” rating for the company in a research report on Monday, April 28th. Finally, Sanford C. Bernstein lifted their price target on shares of Union Pacific from $271.00 to $286.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $258.21.

Union Pacific 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.