Deutsche Bank AG Reduces Stock Holdings in Union Pacific Corporation $UNP

Deutsche Bank AG decreased its holdings in Union Pacific Corporation (NYSE:UNP) by 3.3% in the second quarter, HoldingsChannel.com reports. The fund owned 3,921,166 shares of the railroad operator’s stock after selling 133,475 shares during the period. Deutsche Bank AG’s holdings in Union Pacific were worth $1,066,557,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in UNP. Acadian Asset Management LLC grew its holdings in shares of Union Pacific by 40.4% during the 1st quarter. Acadian Asset Management LLC now owns 2,312 shares of the railroad operator’s stock worth $546,000 after acquiring an additional 665 shares during the period. Schnieders Capital Management LLC. lifted its stake in shares of Union Pacific by 0.5% in the 2nd quarter. Schnieders Capital Management LLC. now owns 20,606 shares of the railroad operator’s stock valued at $4,741,000 after purchasing an additional 102 shares during the period. Main Street Financial Solutions LLC lifted its stake in shares of Union Pacific by 1.6% in the 2nd quarter. Main Street Financial Solutions LLC now owns 3,733 shares of the railroad operator’s stock valued at $859,000 after purchasing an additional 58 shares during the period. HUB Investment Partners LLC boosted its position in shares of Union Pacific by 10.0% during the second quarter. HUB Investment Partners LLC now owns 6,091 shares of the railroad operator’s stock valued at $1,401,000 after purchasing an additional 554 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Union Pacific by 7.4% during the second quarter. Alliancebernstein L.P. now owns 1,528,426 shares of the railroad operator’s stock valued at $351,660,000 after purchasing an additional 105,664 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

Insider Buying and Selling at Union Pacific

In other news, EVP Eric J. Gehringer sold 2,991 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total transaction of $789,504.36. Following the completion of the transaction, the executive vice president directly owned 43,012 shares in the company, valued at $11,353,447.52. This trade represents a 6.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.22% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on UNP. The Goldman Sachs Group set a $317.00 price objective on Union Pacific and gave the stock a “neutral” rating in a report on Thursday, July 23rd. BMO Capital Markets restated a “market perform” rating and set a $320.00 target price (up from $285.00) on shares of Union Pacific in a report on Friday, July 24th. TD Cowen restated a “buy” rating and set a $325.00 target price (up from $282.00) on shares of Union Pacific in a report on Friday, July 24th. Barclays reaffirmed an “overweight” rating and issued a $350.00 target price (up from $315.00) on shares of Union Pacific in a research report on Friday, July 24th. Finally, Benchmark increased their price target on shares of Union Pacific from $325.00 to $335.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $320.89.

Union Pacific Stock Performance

Shares of UNP opened at $301.69 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. The stock has a market cap of $179.23 billion, a P/E ratio of 24.43, a P/E/G ratio of 3.05 and a beta of 0.96. The business’s 50 day moving average price is $284.87 and its 200-day moving average price is $266.83. Union Pacific Corporation has a 52 week low of $210.84 and a 52 week high of $315.99.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $3.26 by $0.15. The company had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.72 billion. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter last year, the company earned $3.03 EPS. Equities research analysts anticipate that Union Pacific Corporation will post 12.93 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The business also recently announced 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 an increase from Union Pacific’s previous quarterly dividend of $1.38. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, August 31st. Union Pacific’s payout ratio is currently 44.70%.

Union Pacific Profile

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.