Berkshire Asset Management LLC PA Cuts Stock Holdings in Union Pacific Corporation $UNP

Berkshire Asset Management LLC PA decreased its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 5.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 8,814 shares of the railroad operator’s stock after selling 555 shares during the period. Berkshire Asset Management LLC PA’s holdings in Union Pacific were worth $1,911,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in UNP. Nuveen LLC purchased a new position in Union Pacific during the 1st quarter valued at about $988,822,000. GAMMA Investing LLC grew its position in shares of Union Pacific by 27,502.8% in the 1st quarter. GAMMA Investing LLC now owns 2,491,151 shares of the railroad operator’s stock worth $588,510,000 after buying an additional 2,482,126 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Union Pacific by 35.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,968,658 shares of the railroad operator’s stock worth $1,133,053,000 after buying an additional 1,294,643 shares during the last quarter. Castlekeep Investment Advisors LLC purchased a new position in shares of Union Pacific in the 4th quarter worth approximately $273,361,000. Finally, Northern Trust Corp grew its position in shares of Union Pacific by 15.2% in the 4th quarter. Northern Trust Corp now owns 6,962,650 shares of the railroad operator’s stock worth $1,587,763,000 after buying an additional 920,414 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Performance

UNP opened at $219.90 on Tuesday. 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 firm has a fifty day moving average price of $226.97 and a 200 day moving average price of $229.09. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $258.07. The stock has a market cap of $130.41 billion, a P/E ratio of 19.11, a P/E/G ratio of 2.14 and a beta of 1.05.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The firm had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.09 billion. During the same period in the previous year, the business posted $2.74 EPS. The business’s revenue was up 2.4% compared to the same quarter last year. Equities research analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Friday, August 29th. Union Pacific’s dividend payout ratio (DPR) is currently 46.57%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on UNP shares. Evercore ISI cut their price objective on shares of Union Pacific from $244.00 to $238.00 and set an “in-line” rating on the stock in a research report on Friday, July 25th. Susquehanna cut their price objective on shares of Union Pacific from $260.00 to $257.00 and set a “positive” rating on the stock in a research report on Wednesday, July 30th. Stephens lowered their target price on shares of Union Pacific from $275.00 to $255.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $263.00 target price on shares of Union Pacific in a research note on Monday, June 2nd. Finally, Morgan Stanley lowered their target price on shares of Union Pacific from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Monday, July 7th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $258.21.

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, 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.