Shell Asset Management Co. Raises Position in Union Pacific Corporation $UNP

Shell Asset Management Co. grew its holdings in Union Pacific Corporation (NYSE:UNP) by 63.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,166 shares of the railroad operator’s stock after purchasing an additional 12,493 shares during the period. Shell Asset Management Co.’s holdings in Union Pacific were worth $7,401,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Pines Wealth Management LLC increased its position in shares of Union Pacific by 1.7% during the second quarter. Pines Wealth Management LLC now owns 2,520 shares of the railroad operator’s stock worth $595,000 after acquiring an additional 43 shares during the period. Titleist Asset Management LLC grew its stake in Union Pacific by 1.1% in the first quarter. Titleist Asset Management LLC now owns 4,004 shares of the railroad operator’s stock worth $946,000 after purchasing an additional 44 shares in the last quarter. Five Oceans Advisors increased its holdings in Union Pacific by 3.9% during the 2nd quarter. Five Oceans Advisors now owns 1,183 shares of the railroad operator’s stock worth $272,000 after purchasing an additional 44 shares during the period. Stiles Financial Services Inc raised its position in Union Pacific by 1.6% during the 1st quarter. Stiles Financial Services Inc now owns 2,963 shares of the railroad operator’s stock valued at $700,000 after purchasing an additional 48 shares in the last quarter. Finally, Avalon Trust Co lifted its holdings in shares of Union Pacific by 5.1% in the 1st quarter. Avalon Trust Co now owns 1,004 shares of the railroad operator’s stock worth $237,000 after buying an additional 49 shares during the period. 80.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on UNP. Sanford C. Bernstein raised their price target on Union Pacific from $271.00 to $286.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of Union Pacific in a research report on Saturday, September 27th. Wells Fargo & Company upped their price target on shares of Union Pacific from $250.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Jefferies Financial Group raised shares of Union Pacific from a “hold” rating to a “buy” rating and lifted their price objective for the company from $250.00 to $285.00 in a report on Friday, July 25th. Finally, Evercore ISI reduced their price objective on shares of Union Pacific from $244.00 to $238.00 and set an “in-line” rating for the company in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $260.54.

Union Pacific Stock Performance

Shares of UNP opened at $237.33 on Tuesday. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. The firm has a market cap of $140.77 billion, a PE ratio of 20.62, a P/E/G ratio of 2.47 and a beta of 1.07. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84. The stock has a fifty day moving average price of $223.83 and a 200-day moving average price of $224.46.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.19. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The firm had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.09 billion. During the same period in the previous year, the business earned $2.74 EPS. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. Equities research analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.3%. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. The ex-dividend date was Friday, August 29th. Union Pacific’s dividend payout ratio is currently 47.96%.

Union Pacific 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.