Eagle Asset Management Inc. lowered its position in shares of Union Pacific Co. (NYSE:UNP) by 0.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 608,874 shares of the railroad operator’s stock after selling 165 shares during the quarter. Eagle Asset Management Inc.’s holdings in Union Pacific were worth $133,909,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Wealth Alliance Advisory Group LLC boosted its position in Union Pacific by 1.8% during the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 2,587 shares of the railroad operator’s stock worth $569,000 after acquiring an additional 46 shares during the last quarter. Financial Management Professionals Inc. raised its stake in Union Pacific by 10.5% in the 2nd quarter. Financial Management Professionals Inc. now owns 484 shares of the railroad operator’s stock valued at $106,000 after acquiring an additional 46 shares during the period. Hancock Whitney Corp raised its stake in Union Pacific by 0.9% in the 2nd quarter. Hancock Whitney Corp now owns 5,270 shares of the railroad operator’s stock valued at $1,159,000 after acquiring an additional 46 shares during the period. Trillium Asset Management LLC grew its holdings in shares of Union Pacific by 1.6% during the 1st quarter. Trillium Asset Management LLC now owns 3,003 shares of the railroad operator’s stock worth $662,000 after purchasing an additional 47 shares in the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA grew its holdings in shares of Union Pacific by 3.2% during the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,548 shares of the railroad operator’s stock worth $340,000 after purchasing an additional 48 shares in the last quarter. 77.07% of the stock is owned by hedge funds and other institutional investors.
UNP stock traded down $3.36 during midday trading on Monday, hitting $198.11. The company’s stock had a trading volume of 62,553 shares, compared to its average volume of 2,856,679. The stock’s 50-day moving average price is $217.89 and its 200 day moving average price is $219.73. The company has a quick ratio of 0.71, a current ratio of 0.86 and a debt-to-equity ratio of 1.94. Union Pacific Co. has a 1 year low of $171.50 and a 1 year high of $231.26. The stock has a market cap of $129.19 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 2.07 and a beta of 1.13.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 30th. Investors of record on Tuesday, August 31st will be paid a dividend of $1.07 per share. The ex-dividend date of this dividend is Monday, August 30th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.16%. Union Pacific’s payout ratio is 52.26%.
UNP has been the topic of several research analyst reports. Stifel Nicolaus initiated coverage on Union Pacific in a research note on Monday, June 21st. They issued a “hold” rating on the stock. Royal Bank of Canada raised their price objective on Union Pacific from $259.00 to $261.00 and gave the company an “outperform” rating in a research note on Friday, July 23rd. Morgan Stanley raised their price objective on Union Pacific from $195.00 to $205.00 and gave the company an “equal weight” rating in a research note on Monday, July 26th. Atlantic Securities started coverage on Union Pacific in a research note on Monday, July 12th. They issued an “overweight” rating and a $263.00 price objective on the stock. Finally, TD Securities increased their target price on Union Pacific from $245.00 to $255.00 and gave the company a “hold” rating in a research report on Friday, July 23rd. Six 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 data from MarketBeat.com, Union Pacific presently has an average rating of “Buy” and a consensus target price of $243.17.
About Union Pacific
Union Pacific Corp. engages in the provision of railroad and freight transportation services. Its principal operating company, Union Pacific Railroad Co, operates as a railroad franchise. The Railroad’s diversified business mix includes agricultural products, automotive, chemicals, coal, industrial products, and intermodal.
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