United Capital Financial Advisers LLC grew its position in shares of Union Pacific Co. (NYSE:UNP) by 0.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 372,591 shares of the railroad operator’s stock after acquiring an additional 1,329 shares during the quarter. United Capital Financial Advisers LLC owned about 0.05% of Union Pacific worth $63,009,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Naples Global Advisors LLC increased its stake in Union Pacific by 1.1% in the first quarter. Naples Global Advisors LLC now owns 5,734 shares of the railroad operator’s stock worth $959,000 after purchasing an additional 60 shares during the period. Community Bank & Trust Waco Texas increased its stake in Union Pacific by 0.3% in the second quarter. Community Bank & Trust Waco Texas now owns 22,618 shares of the railroad operator’s stock worth $3,825,000 after purchasing an additional 60 shares during the period. YorkBridge Wealth Partners LLC increased its stake in Union Pacific by 2.3% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,614 shares of the railroad operator’s stock worth $442,000 after purchasing an additional 60 shares during the period. 1ST Source Bank increased its stake in Union Pacific by 1.6% in the second quarter. 1ST Source Bank now owns 3,789 shares of the railroad operator’s stock worth $641,000 after purchasing an additional 61 shares during the period. Finally, Vicus Capital increased its stake in Union Pacific by 2.3% in the second quarter. Vicus Capital now owns 2,923 shares of the railroad operator’s stock worth $494,000 after purchasing an additional 66 shares during the period. Institutional investors own 78.35% of the company’s stock.
UNP has been the topic of several research reports. Deutsche Bank raised their price target on Union Pacific from $197.00 to $206.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Goldman Sachs Group initiated coverage on Union Pacific in a research note on Wednesday, July 10th. They set a “buy” rating and a $198.00 price target on the stock. Raymond James set a $197.00 price target on Union Pacific and gave the company a “buy” rating in a research note on Friday, July 19th. Morgan Stanley set a $140.00 price target on Union Pacific and gave the company a “sell” rating in a research note on Friday, July 19th. Finally, Barclays lowered Union Pacific from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $190.00 to $170.00 in a research note on Thursday, June 13th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company. Union Pacific has a consensus rating of “Buy” and an average target price of $183.62.
Shares of Union Pacific stock traded up $0.41 on Thursday, reaching $167.71. 2,090,859 shares of the stock were exchanged, compared to its average volume of 3,560,977. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 1.26. Union Pacific Co. has a twelve month low of $128.08 and a twelve month high of $180.54. The firm has a market capitalization of $117.04 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 1.85 and a beta of 1.06. The business has a 50 day moving average price of $167.15 and a two-hundred day moving average price of $169.40.
Union Pacific (NYSE:UNP) last released its earnings results on Thursday, July 18th. The railroad operator reported $2.22 EPS for the quarter, topping the Zacks’ consensus estimate of $2.12 by $0.10. Union Pacific had a return on equity of 31.74% and a net margin of 26.95%. The firm had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.62 billion. During the same quarter in the previous year, the company posted $1.98 earnings per share. The company’s revenue was down 1.3% compared to the same quarter last year. Research analysts forecast that Union Pacific Co. will post 8.98 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be given a dividend of $0.97 per share. This is a boost from Union Pacific’s previous quarterly dividend of $0.88. This represents a $3.88 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Thursday, August 29th. Union Pacific’s dividend payout ratio (DPR) is currently 49.05%.
About Union Pacific
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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