Renaissance Group LLC Sells 355 Shares of Union Pacific Corporation $UNP

Renaissance Group LLC lowered its position in Union Pacific Corporation (NYSE:UNP) by 16.5% during the 2nd quarter, Holdings Channel reports. The firm owned 1,797 shares of the railroad operator’s stock after selling 355 shares during the quarter. Renaissance Group LLC’s holdings in Union Pacific were worth $414,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. lifted its position in shares of Union Pacific by 10.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 93,337 shares of the railroad operator’s stock worth $21,475,000 after purchasing an additional 8,925 shares during the period. LGT Group Foundation raised its stake in 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 buying an additional 477 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its holdings in Union Pacific by 26.4% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 23,875 shares of the railroad operator’s stock worth $5,494,000 after buying an additional 4,980 shares during the period. Nuveen LLC bought a new stake in Union Pacific during the 1st quarter valued at $988,822,000. Finally, SlateStone Wealth LLC boosted its position in Union Pacific by 6.2% during the 1st quarter. SlateStone Wealth LLC now owns 13,264 shares of the railroad operator’s stock valued at $3,133,000 after acquiring an additional 772 shares in the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $221.10 on Thursday. The company has a 50 day moving average price of $224.49 and a 200 day moving average price of $224.76. The firm has a market capitalization of $131.15 billion, a P/E ratio of 18.78, a PEG ratio of 2.27 and a beta of 1.04. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 1.75. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $256.84.

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

Union Pacific Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 5th will be paid 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 2.5%. Union Pacific’s dividend payout ratio (DPR) is 46.90%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on UNP shares. Weiss Ratings restated a “hold (c+)” rating on shares of Union Pacific in a research note on Wednesday, October 8th. Cowen reissued a “buy” rating on shares of Union Pacific in a research report on Friday, October 24th. Royal Bank Of Canada raised their price target on shares of Union Pacific from $257.00 to $276.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. UBS Group set a $253.00 price objective on shares of Union Pacific and gave the stock a “neutral” rating in a research note on Friday, October 3rd. Finally, Evercore ISI lowered their target price on shares of Union Pacific from $244.00 to $238.00 and set an “in-line” rating for the company in a research note on Friday, July 25th. One equities 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.