Old Mission Investment Co LLC acquired a new position in shares of Union Pacific Corporation (NYSE:UNP – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,123 shares of the railroad operator’s stock, valued at approximately $849,000.
Several other institutional investors also recently modified their holdings of the stock. Capital World Investors increased its holdings in shares of Union Pacific by 92.1% in the 4th quarter. Capital World Investors now owns 20,136,349 shares of the railroad operator’s stock worth $4,658,142,000 after buying an additional 9,655,306 shares during the last quarter. Norges Bank bought a new stake in shares of Union Pacific during the 4th quarter worth $1,779,907,000. Legal & General Group Plc purchased a new position in Union Pacific in the second quarter worth $1,193,135,000. Canada Pension Plan Investment Board purchased a new position in Union Pacific in the second quarter worth $1,094,677,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Union Pacific by 72.7% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,177,002 shares of the railroad operator’s stock valued at $2,169,168,000 after acquiring an additional 3,861,636 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. Citizens Jmp started coverage on Union Pacific in a research report on Wednesday, July 15th. They set an “outperform” rating and a $350.00 price target on the stock. Citigroup upped their price objective on Union Pacific from $326.00 to $349.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Erste Group Bank began coverage on Union Pacific in a research report on Thursday, August 27th. They set a “buy” rating on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a $339.00 price objective (up from $289.00) on shares of Union Pacific in a report on Friday, July 24th. Finally, Barclays restated an “overweight” rating and issued a $350.00 target price (up from $315.00) on shares of Union Pacific in a research report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Union Pacific has a consensus rating of “Moderate Buy” and a consensus target price of $320.89.
Union Pacific Stock Up 0.1%
Shares of NYSE:UNP opened at $289.54 on Friday. The stock’s 50-day moving average price is $293.96 and its 200-day moving average price is $270.92. Union Pacific Corporation has a 12-month low of $210.84 and a 12-month high of $315.99. The stock has a market capitalization of $172.01 billion, a P/E ratio of 23.44, a price-to-earnings-growth ratio of 2.88 and a beta of 0.96. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40.
Union Pacific (NYSE:UNP – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, topping the consensus estimate of $3.26 by $0.15. The firm had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.72 billion. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.03 earnings per share. On average, equities analysts anticipate that Union Pacific Corporation will post 13.02 earnings per share for the current year.
Union Pacific Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders 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. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a yield of 2.0%. Union Pacific’s payout ratio is presently 45.99%.
Union Pacific Company Profile
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.
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