Fifth Third Bancorp Sells 8,162 Shares of Union Pacific Corporation $UNP

Fifth Third Bancorp lessened its stake in Union Pacific Corporation (NYSE:UNP) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 566,664 shares of the railroad operator’s stock after selling 8,162 shares during the quarter. Fifth Third Bancorp owned approximately 0.10% of Union Pacific worth $133,942,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Howard Hughes Medical Institute bought a new position in Union Pacific during the second quarter worth about $30,000. Financial Gravity Companies Inc. bought a new position in shares of Union Pacific during the 2nd quarter worth approximately $31,000. Total Investment Management Inc. acquired a new position in shares of Union Pacific during the 2nd quarter worth approximately $31,000. Access Investment Management LLC acquired a new position in shares of Union Pacific during the 2nd quarter worth approximately $32,000. Finally, Sagard Holdings Management Inc. bought a new stake in Union Pacific in the 2nd quarter valued at $33,000. 80.38% of the stock is owned by institutional investors.

Union Pacific Stock Down 0.5%

Shares of NYSE UNP opened at $260.55 on Monday. The stock has a market capitalization of $154.61 billion, a P/E ratio of 21.77, a PEG ratio of 2.84 and a beta of 0.98. The stock’s fifty day moving average is $236.44 and its 200 day moving average is $228.65. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $265.37. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.75 and a current ratio of 0.91.

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

Union Pacific Dividend Announcement

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

Analyst Ratings Changes

Several research firms have commented on UNP. Royal Bank Of Canada set a $280.00 price objective on shares of Union Pacific in a report on Thursday, December 18th. JPMorgan Chase & Co. lowered their price target on shares of Union Pacific from $270.00 to $265.00 and set a “neutral” rating on the stock in a report on Wednesday, January 28th. TD Cowen cut their price objective on shares of Union Pacific from $257.00 to $255.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. BMO Capital Markets set a $255.00 target price on Union Pacific in a research report on Wednesday, January 7th. Finally, Susquehanna reissued a “buy” rating on shares of Union Pacific in a report on Monday, January 19th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $258.32.

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.