Slow Capital Inc. Sells 281 Shares of Union Pacific Corporation $UNP

Slow Capital Inc. reduced its stake in Union Pacific Corporation (NYSE:UNP) by 2.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,248 shares of the railroad operator’s stock after selling 281 shares during the period. Slow Capital Inc.’s holdings in Union Pacific were worth $2,818,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nuveen LLC purchased a new stake in shares of Union Pacific in the first quarter valued at approximately $988,822,000. Goldman Sachs Group Inc. raised its holdings in shares of Union Pacific by 29.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,699,109 shares of the railroad operator’s stock valued at $873,878,000 after purchasing an additional 850,025 shares in the last quarter. Auto Owners Insurance Co lifted its position in shares of Union Pacific by 61,054.6% in the 1st quarter. Auto Owners Insurance Co now owns 625,000 shares of the railroad operator’s stock worth $147,650,000 after purchasing an additional 623,978 shares during the period. Menora Mivtachim Holdings LTD. bought a new position in shares of Union Pacific during the first quarter valued at approximately $115,096,000. Finally, Canada Pension Plan Investment Board increased its holdings in Union Pacific by 10.8% during the first quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock valued at $1,092,893,000 after buying an additional 452,788 shares during the period. Institutional investors own 80.38% of the company’s stock.

Union Pacific Trading Up 0.2%

Shares of Union Pacific stock opened at $237.33 on Tuesday. The firm’s 50 day simple moving average is $223.83 and its two-hundred day simple moving average is $224.46. The firm has a market capitalization of $140.77 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 2.47 and a beta of 1.07. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $6.09 billion. During the same period in the previous year, the company earned $2.74 earnings per share. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. Analysts predict that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were issued a $1.38 dividend. 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 dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, August 29th. Union Pacific’s dividend payout ratio is currently 47.96%.

Analysts Set New Price Targets

A number of analysts have weighed in on UNP shares. BMO Capital Markets upped their target price on Union Pacific from $270.00 to $277.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Baird R W raised Union Pacific to a “hold” rating in a research report on Tuesday, July 1st. Wells Fargo & Company upped their price objective on Union Pacific from $250.00 to $260.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Citigroup upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $250.00 to $251.00 in a report on Monday, September 15th. Finally, UBS Group set a $253.00 price target on shares of Union Pacific and gave the company a “neutral” rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, Union Pacific has an average rating of “Moderate Buy” and an average target price of $260.54.

Union Pacific 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.