Proficio Capital Partners LLC purchased a new position in Union Pacific Corporation (NYSE:UNP – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,633 shares of the railroad operator’s stock, valued at approximately $716,000.
Several other hedge funds also recently made changes to their positions in the stock. Acadian Asset Management LLC raised its stake in shares of Union Pacific by 40.4% during the 1st quarter. Acadian Asset Management LLC now owns 2,312 shares of the railroad operator’s stock valued at $546,000 after purchasing an additional 665 shares during the period. Schnieders Capital Management LLC. boosted its stake in Union Pacific by 0.5% in the 2nd quarter. Schnieders Capital Management LLC. now owns 20,606 shares of the railroad operator’s stock worth $4,741,000 after purchasing an additional 102 shares during the period. Main Street Financial Solutions LLC boosted its stake in Union Pacific by 1.6% in the 2nd quarter. Main Street Financial Solutions LLC now owns 3,733 shares of the railroad operator’s stock worth $859,000 after purchasing an additional 58 shares during the period. HUB Investment Partners LLC grew its holdings in Union Pacific by 10.0% during the 2nd quarter. HUB Investment Partners LLC now owns 6,091 shares of the railroad operator’s stock valued at $1,401,000 after buying an additional 554 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in Union Pacific by 7.4% during the 2nd quarter. Alliancebernstein L.P. now owns 1,528,426 shares of the railroad operator’s stock valued at $351,660,000 after buying an additional 105,664 shares in the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.
Union Pacific Price Performance
Union Pacific stock opened at $290.29 on Wednesday. The stock has a market cap of $172.46 billion, a price-to-earnings ratio of 23.51, a PEG ratio of 2.99 and a beta of 0.96. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. The business has a 50-day simple moving average of $292.52 and a 200 day simple moving average of $270.39. Union Pacific Corporation has a 52 week low of $210.84 and a 52 week high of $315.99.
Union Pacific Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be paid a $1.42 dividend. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. This represents a $5.68 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Monday, August 31st. Union Pacific’s payout ratio is 45.99%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on UNP shares. Evercore reissued an “outperform” rating and issued a $294.00 price target on shares of Union Pacific in a report on Thursday, June 25th. Robert W. Baird boosted their price objective on shares of Union Pacific from $311.00 to $344.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. JPMorgan Chase & Co. boosted their price objective on shares of Union Pacific from $304.00 to $334.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Erste Group Bank assumed coverage on shares of Union Pacific in a report on Thursday, August 27th. They set a “buy” rating on the stock. Finally, Barclays reiterated an “overweight” rating and issued a $350.00 target price (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $320.89.
Check Out Our Latest Research Report on Union Pacific
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.
Recommended Stories
- Five stocks we like better than Union Pacific
- Dutch Bros Sell-Off Creates a Growth Opportunity
- NVIDIA’s MediaTek Bet Shows How It Plans to Defend Its AI Moat
- Is Abercrombie & Fitch’s Hot Streak Just Getting Started?
- Medtronic’s Stars Are Aligning for a Price Recovery
Receive News & Ratings for Union Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Union Pacific and related companies with MarketBeat.com's FREE daily email newsletter.
