Maj Invest Holding A S Sells 174,494 Shares of Union Pacific Corporation $UNP

Maj Invest Holding A S trimmed its position in shares of Union Pacific Corporation (NYSE:UNP) by 33.3% during the second quarter, Holdings Channel.com reports. The fund owned 349,171 shares of the railroad operator’s stock after selling 174,494 shares during the quarter. Union Pacific comprises 4.3% of Maj Invest Holding A S’s portfolio, making the stock its 14th biggest holding. Maj Invest Holding A S’s holdings in Union Pacific were worth $94,975,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in UNP. Vanguard Group Inc. boosted its holdings in Union Pacific by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 59,329,262 shares of the railroad operator’s stock worth $13,724,045,000 after purchasing an additional 659,378 shares during the last quarter. State Street Corp increased its stake in Union Pacific by 4.3% in the 4th quarter. State Street Corp now owns 26,330,080 shares of the railroad operator’s stock valued at $6,090,674,000 after buying an additional 1,082,285 shares during the last quarter. Capital World Investors increased its stake in Union Pacific by 92.1% in the 4th quarter. Capital World Investors now owns 20,136,349 shares of the railroad operator’s stock valued at $4,658,142,000 after buying an additional 9,655,306 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Union Pacific by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 15,360,668 shares of the railroad operator’s stock worth $3,552,550,000 after buying an additional 296,814 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Union Pacific by 16.8% in the 1st quarter. Bank of America Corp DE now owns 14,463,071 shares of the railroad operator’s stock worth $3,509,030,000 after buying an additional 2,084,808 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Down 0.8%

UNP opened at $292.98 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. The stock has a market cap of $174.05 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 3.00 and a beta of 0.96. Union Pacific Corporation has a twelve month low of $210.84 and a twelve month high of $315.99. The company’s 50-day moving average price is $280.13 and its two-hundred day moving average price is $262.83.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.26 by $0.15. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The company had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.72 billion. During the same quarter last year, the business posted $3.03 EPS. Union Pacific’s quarterly revenue was up 11.5% compared to the same quarter last year. As a group, equities analysts expect that Union Pacific Corporation will post 12.9 earnings per share for the current year.

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be given a $1.42 dividend. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. This represents a $5.68 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, August 31st. Union Pacific’s dividend payout ratio (DPR) is 44.70%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Susquehanna upped their target price on Union Pacific from $305.00 to $333.00 and gave the company a “positive” rating in a report on Tuesday, July 14th. Wells Fargo & Company reiterated an “overweight” rating and set a $335.00 price target (up from $315.00) on shares of Union Pacific in a report on Friday, July 24th. The Goldman Sachs Group set a $317.00 price target on Union Pacific and gave the stock a “neutral” rating in a report on Thursday, July 23rd. UBS Group restated a “neutral” rating and issued a $310.00 price objective (up from $286.00) on shares of Union Pacific in a research note on Friday, July 24th. Finally, Citizens Jmp started coverage on Union Pacific in a research report on Wednesday, July 15th. They set an “outperform” rating and a $350.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Union Pacific has a consensus rating of “Moderate Buy” and an average price target of $320.89.

Insider Transactions at Union Pacific

In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total value of $789,504.36. Following the sale, the executive vice president directly owned 43,012 shares in the company, valued at $11,353,447.52. The trade was a 6.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.22% of the stock is owned by corporate insiders.

Union Pacific Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.