Great Lakes Advisors LLC reduced its stake in shares of Union Pacific Co. (NYSE:UNP – Get Rating) by 45.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,923 shares of the railroad operator’s stock after selling 24,772 shares during the period. Great Lakes Advisors LLC’s holdings in Union Pacific were worth $8,175,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the stock. BlackRock Inc. raised its position in Union Pacific by 6.4% during the 4th quarter. BlackRock Inc. now owns 45,822,201 shares of the railroad operator’s stock worth $11,543,985,000 after purchasing an additional 2,776,330 shares during the last quarter. State Street Corp raised its position in Union Pacific by 0.4% during the 4th quarter. State Street Corp now owns 27,442,731 shares of the railroad operator’s stock worth $6,913,647,000 after purchasing an additional 108,959 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Union Pacific by 5.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 11,056,408 shares of the railroad operator’s stock worth $2,785,441,000 after purchasing an additional 560,523 shares during the last quarter. Geode Capital Management LLC raised its position in Union Pacific by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 10,413,195 shares of the railroad operator’s stock worth $2,616,574,000 after purchasing an additional 170,623 shares during the last quarter. Finally, Deutsche Bank AG raised its position in Union Pacific by 7.5% during the 4th quarter. Deutsche Bank AG now owns 7,030,900 shares of the railroad operator’s stock worth $1,771,296,000 after purchasing an additional 489,216 shares during the last quarter. 80.26% of the stock is owned by institutional investors.
Union Pacific Price Performance
UNP stock opened at $228.62 on Friday. The company has a market capitalization of $142.77 billion, a P/E ratio of 21.31, a price-to-earnings-growth ratio of 1.95 and a beta of 1.15. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.53 and a current ratio of 0.66. Union Pacific Co. has a 52-week low of $195.68 and a 52-week high of $278.94. The business has a 50-day simple moving average of $215.49 and a two-hundred day simple moving average of $234.90.
Union Pacific Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Wednesday, August 31st will be given a dividend of $1.30 per share. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $5.20 annualized dividend and a dividend yield of 2.27%. Union Pacific’s dividend payout ratio is currently 48.46%.
Analyst Upgrades and Downgrades
UNP has been the subject of several analyst reports. Morgan Stanley lowered their price objective on Union Pacific from $210.00 to $207.00 and set an “equal weight” rating for the company in a research report on Friday, July 22nd. Raymond James lowered their price objective on Union Pacific from $285.00 to $250.00 and set a “strong-buy” rating for the company in a research report on Friday, July 8th. Susquehanna lowered Union Pacific from a “positive” rating to a “neutral” rating and set a $235.00 price objective for the company. in a research report on Wednesday, July 6th. They noted that the move was a valuation call. Stifel Nicolaus lowered their price objective on Union Pacific from $254.00 to $225.00 in a research report on Friday, July 15th. Finally, Wells Fargo & Company lowered their price objective on Union Pacific from $265.00 to $218.00 and set an “equal weight” rating for the company in a research report on Friday, July 15th. Twelve investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $248.36.
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, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.
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