TCW Group Inc. Sells 10,462 Shares of Union Pacific Co. (NYSE:UNP)

TCW Group Inc. lessened its holdings in shares of Union Pacific Co. (NYSE:UNP) by 22.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,710 shares of the railroad operator’s stock after selling 10,462 shares during the period. TCW Group Inc.’s holdings in Union Pacific were worth $8,080,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Norges Bank acquired a new stake in Union Pacific in the 4th quarter valued at approximately $1,832,127,000. Capital Research Global Investors raised its position in Union Pacific by 23.1% in the 4th quarter. Capital Research Global Investors now owns 6,851,767 shares of the railroad operator’s stock valued at $1,682,931,000 after buying an additional 1,285,144 shares during the last quarter. Winslow Capital Management LLC acquired a new stake in Union Pacific in the 4th quarter valued at approximately $293,162,000. Capital World Investors raised its position in Union Pacific by 35.3% in the 1st quarter. Capital World Investors now owns 4,118,477 shares of the railroad operator’s stock valued at $1,012,857,000 after buying an additional 1,073,625 shares during the last quarter. Finally, TD Asset Management Inc raised its position in Union Pacific by 115.3% in the 4th quarter. TD Asset Management Inc now owns 1,070,123 shares of the railroad operator’s stock valued at $262,844,000 after buying an additional 573,072 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.

Insider Activity

In other news, President Elizabeth F. Whited sold 3,552 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total value of $875,887.68. Following the sale, the president now directly owns 64,945 shares in the company, valued at approximately $16,014,787.55. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.28% of the stock is currently owned by corporate insiders.

Union Pacific Stock Performance

Shares of Union Pacific stock traded up $0.82 during trading on Friday, reaching $244.53. The company’s stock had a trading volume of 1,951,386 shares, compared to its average volume of 2,282,628. The business’s 50-day moving average price is $232.77 and its 200-day moving average price is $239.06. The firm has a market cap of $148.97 billion, a PE ratio of 23.33, a P/E/G ratio of 2.13 and a beta of 1.06. Union Pacific Co. has a 52 week low of $199.33 and a 52 week high of $258.66. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.89.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, July 25th. The railroad operator reported $2.74 EPS for the quarter, beating analysts’ consensus estimates of $2.71 by $0.03. The business had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $6.05 billion. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. Union Pacific’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.57 earnings per share. Equities analysts forecast that Union Pacific Co. will post 11.12 earnings per share for the current year.

Union Pacific Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be issued a $1.34 dividend. The ex-dividend date is Friday, August 30th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.19%. This is a boost from Union Pacific’s previous quarterly dividend of $1.30. Union Pacific’s dividend payout ratio is 49.62%.

Wall Street Analysts Forecast Growth

UNP has been the topic of a number of recent research reports. StockNews.com lowered Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. Sanford C. Bernstein lowered their target price on shares of Union Pacific from $290.00 to $273.00 and set an “outperform” rating on the stock in a report on Monday, July 8th. TD Cowen cut their price target on shares of Union Pacific from $259.00 to $255.00 and set a “buy” rating for the company in a research note on Friday, July 26th. Morgan Stanley boosted their price objective on shares of Union Pacific from $198.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. Finally, Barclays dropped their price target on Union Pacific from $290.00 to $280.00 and set an “overweight” rating on the stock in a research note on Friday, July 26th. Seven research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $258.79.

Union Pacific Company 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.