Global Assets Advisory LLC Cuts Stock Holdings in Union Pacific Corporation $UNP

Global Assets Advisory LLC reduced its stake in Union Pacific Corporation (NYSE:UNP) by 59.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 981 shares of the railroad operator’s stock after selling 1,462 shares during the quarter. Global Assets Advisory LLC’s holdings in Union Pacific were worth $231,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of UNP. Wedmont Private Capital grew its position in Union Pacific by 10.4% in the 1st quarter. Wedmont Private Capital now owns 5,135 shares of the railroad operator’s stock worth $1,122,000 after purchasing an additional 485 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Union Pacific by 5.7% during the 1st quarter. Revolve Wealth Partners LLC now owns 1,064 shares of the railroad operator’s stock worth $251,000 after buying an additional 57 shares in the last quarter. OLD National Bancorp IN boosted its stake in shares of Union Pacific by 0.9% in the 1st quarter. OLD National Bancorp IN now owns 26,874 shares of the railroad operator’s stock worth $6,349,000 after buying an additional 251 shares during the last quarter. Park Avenue Securities LLC boosted its stake in shares of Union Pacific by 6.0% in the 1st quarter. Park Avenue Securities LLC now owns 36,488 shares of the railroad operator’s stock worth $8,620,000 after buying an additional 2,058 shares during the last quarter. Finally, Capital Investment Advisors LLC grew its holdings in shares of Union Pacific by 0.9% in the first quarter. Capital Investment Advisors LLC now owns 11,340 shares of the railroad operator’s stock valued at $2,679,000 after acquiring an additional 96 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on UNP. Sanford C. Bernstein lifted their price target on Union Pacific from $271.00 to $286.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Citigroup upgraded Union Pacific from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $250.00 to $251.00 in a research note on Monday, September 15th. Royal Bank Of Canada boosted their price target 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. Robert W. Baird initiated coverage on shares of Union Pacific in a report on Tuesday, July 1st. They set a “neutral” rating and a $231.00 price objective for the company. Finally, BMO Capital Markets lifted their price objective on shares of Union Pacific from $270.00 to $277.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $260.54.

Union Pacific Price Performance

Shares of NYSE:UNP opened at $237.33 on Tuesday. The firm has a market capitalization of $140.77 billion, a PE ratio of 20.62, a P/E/G ratio of 2.47 and a beta of 1.07. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. The company has a 50-day moving average price of $223.83 and a two-hundred day moving average price of $224.46. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84.

Union Pacific (NYSE:UNP) 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. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The company had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $6.09 billion. During the same period in the prior year, the company posted $2.74 EPS. Union Pacific’s revenue was up 2.4% compared to the same quarter last year. Equities analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were issued a $1.38 dividend. The ex-dividend date of this dividend was Friday, August 29th. 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 dividend yield of 2.3%. Union Pacific’s dividend payout ratio is 47.96%.

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.