Fayez Sarofim & Co Cuts Stock Position in Union Pacific Corporation $UNP

Fayez Sarofim & Co decreased its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 19.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 1,686,215 shares of the railroad operator’s stock after selling 419,442 shares during the period. Fayez Sarofim & Co’s holdings in Union Pacific were worth $387,964,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Union Pacific by 10.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 93,337 shares of the railroad operator’s stock valued at $21,475,000 after acquiring an additional 8,925 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Union Pacific by 26.4% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 23,875 shares of the railroad operator’s stock worth $5,494,000 after acquiring an additional 4,980 shares during the last quarter. LGT Group Foundation boosted its stake in shares of Union Pacific by 9.7% in the first quarter. LGT Group Foundation now owns 5,398 shares of the railroad operator’s stock worth $1,275,000 after acquiring an additional 477 shares during the last quarter. Markel Group Inc. increased its position in shares of Union Pacific by 13.4% during the second quarter. Markel Group Inc. now owns 97,278 shares of the railroad operator’s stock worth $22,382,000 after purchasing an additional 11,500 shares in the last quarter. Finally, Bright Rock Capital Management LLC raised its stake in Union Pacific by 28.9% in the 2nd quarter. Bright Rock Capital Management LLC now owns 53,500 shares of the railroad operator’s stock valued at $12,309,000 after purchasing an additional 12,000 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Trading Up 0.1%

Shares of UNP opened at $235.46 on Tuesday. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84. The firm has a market capitalization of $139.66 billion, a P/E ratio of 20.00, a P/E/G ratio of 2.61 and a beta of 0.99. The firm has a 50-day moving average price of $226.38 and a 200 day moving average price of $225.45. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.75.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.09. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The company had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6.24 billion. During the same period in the previous year, the business posted $2.75 EPS. Union Pacific’s revenue was up 2.5% on a year-over-year basis. Sell-side analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 5th will be issued a $1.38 dividend. The ex-dividend date is Friday, December 5th. This represents a $5.52 dividend on an annualized basis and a yield of 2.3%. Union Pacific’s dividend payout ratio is currently 46.90%.

Analyst Ratings Changes

Several equities research analysts have issued reports on UNP shares. Loop Capital raised shares of Union Pacific from a “sell” rating to a “hold” rating and lifted their target price for the stock from $214.00 to $227.00 in a research note on Tuesday, September 16th. The Goldman Sachs Group set a $263.00 price target on shares of Union Pacific and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Citigroup boosted their price target on shares of Union Pacific from $263.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. UBS Group set a $253.00 price objective on shares of Union Pacific and gave the company a “neutral” rating in a research note on Friday, October 3rd. Finally, BMO Capital Markets decreased their target price on shares of Union Pacific from $277.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $261.63.

Union Pacific Company 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.