King Luther Capital Management Corp Sells 135,335 Shares of Union Pacific Corporation $UNP

King Luther Capital Management Corp lowered its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 14.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 830,550 shares of the railroad operator’s stock after selling 135,335 shares during the quarter. Union Pacific makes up 0.8% of King Luther Capital Management Corp’s portfolio, making the stock its 29th biggest holding. King Luther Capital Management Corp owned approximately 0.14% of Union Pacific worth $196,317,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. CFO4Life Group LLC lifted its holdings in Union Pacific by 1.2% in the 3rd quarter. CFO4Life Group LLC now owns 3,754 shares of the railroad operator’s stock worth $887,000 after purchasing an additional 46 shares in the last quarter. Levin Capital Strategies L.P. grew its holdings in Union Pacific by 12.3% during the 3rd quarter. Levin Capital Strategies L.P. now owns 101,631 shares of the railroad operator’s stock valued at $24,023,000 after buying an additional 11,114 shares in the last quarter. Synovus Financial Corp raised its position in shares of Union Pacific by 10.4% during the third quarter. Synovus Financial Corp now owns 41,394 shares of the railroad operator’s stock valued at $9,785,000 after buying an additional 3,906 shares during the last quarter. MJP Associates Inc. ADV lifted its holdings in shares of Union Pacific by 3.3% in the third quarter. MJP Associates Inc. ADV now owns 1,868 shares of the railroad operator’s stock worth $442,000 after buying an additional 59 shares in the last quarter. Finally, Cercano Management LLC grew its stake in Union Pacific by 3.0% during the third quarter. Cercano Management LLC now owns 1,102,113 shares of the railroad operator’s stock valued at $260,506,000 after acquiring an additional 32,330 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

Union Pacific Price Performance

NYSE:UNP opened at $264.67 on Thursday. The firm has a market capitalization of $157.05 billion, a price-to-earnings ratio of 22.11, a PEG ratio of 2.87 and a beta of 0.98. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.91 and a quick ratio of 0.75. The business has a 50 day simple moving average of $238.15 and a 200-day simple moving average of $229.47. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $265.37.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share for the quarter, missing the consensus estimate of $2.92 by ($0.06). The company had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.15 billion. Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.91 EPS. Equities analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be issued a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, February 27th. Union Pacific’s dividend payout ratio (DPR) is 46.12%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. TD Cowen dropped their price objective on shares of Union Pacific from $257.00 to $255.00 and set a “buy” rating for the company in a report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft set a $245.00 price target on Union Pacific in a report on Thursday, December 11th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a report on Tuesday, January 27th. Citigroup reissued a “buy” rating and issued a $270.00 target price (up from $265.00) on shares of Union Pacific in a report on Wednesday, January 28th. Finally, BMO Capital Markets set a $255.00 price target on shares of Union Pacific in a research report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $258.32.

Union Pacific Company 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.