Glenmede Trust Co. NA Trims Holdings in Union Pacific Corporation $UNP

Glenmede Trust Co. NA lowered its stake in shares of Union Pacific Corporation (NYSE:UNP) by 1.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 323,611 shares of the railroad operator’s stock after selling 4,754 shares during the period. Glenmede Trust Co. NA’s holdings in Union Pacific were worth $78,514,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in UNP. Capital World Investors increased its stake in shares of Union Pacific by 92.1% in the 4th quarter. Capital World Investors now owns 20,136,349 shares of the railroad operator’s stock worth $4,658,142,000 after acquiring an additional 9,655,306 shares during the last quarter. Norges Bank acquired a new position in shares of Union Pacific during the 4th quarter valued at about $1,779,907,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Union Pacific by 72.7% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,177,002 shares of the railroad operator’s stock valued at $2,169,168,000 after acquiring an additional 3,861,636 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Union Pacific by 26.0% in the fourth quarter. Capital Research Global Investors now owns 10,980,904 shares of the railroad operator’s stock valued at $2,540,105,000 after purchasing an additional 2,267,708 shares during the period. Finally, Bank of America Corp DE grew its holdings in shares of Union Pacific by 16.8% in the first quarter. Bank of America Corp DE now owns 14,463,071 shares of the railroad operator’s stock valued at $3,509,030,000 after purchasing an additional 2,084,808 shares during the period. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on UNP shares. Barclays reiterated an “overweight” rating and issued a $350.00 target price (up from $315.00) on shares of Union Pacific in a report on Friday, July 24th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $335.00 price target (up from $315.00) on shares of Union Pacific in a research report on Friday, July 24th. BMO Capital Markets reaffirmed a “market perform” rating and set a $320.00 price target (up from $285.00) on shares of Union Pacific in a research report on Friday, July 24th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $339.00 price objective (up from $289.00) on shares of Union Pacific in a report on Friday, July 24th. Finally, The Goldman Sachs Group set a $317.00 price objective on Union Pacific and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $320.89.

Union Pacific Stock Up 0.8%

Shares of UNP opened at $291.83 on Friday. The firm has a market cap of $173.37 billion, a P/E ratio of 23.63, a price-to-earnings-growth ratio of 2.96 and a beta of 0.96. Union Pacific Corporation has a 12-month low of $210.84 and a 12-month high of $315.99. The company’s 50-day moving average price is $277.60 and its 200 day moving average price is $260.55. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, beating analysts’ consensus estimates of $3.26 by $0.15. The company had revenue of $6.86 billion for the quarter, compared to analysts’ expectations of $6.72 billion. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. Union Pacific’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.03 earnings per share. On average, sell-side analysts forecast that Union Pacific Corporation will post 12.9 earnings per share for the current year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be paid a $1.42 dividend. This is a positive change from Union Pacific’s previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.9%. Union Pacific’s payout ratio is presently 44.70%.

Insider Activity at Union Pacific

In other news, EVP Eric J. Gehringer sold 2,991 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total value of $789,504.36. Following the transaction, the executive vice president directly owned 43,012 shares in the company, valued at approximately $11,353,447.52. This represents a 6.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.22% of the company’s stock.

About Union Pacific

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.