Corient Private Wealth LP increased its position in Union Pacific Corporation (NYSE:UNP – Free Report) by 0.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 465,000 shares of the railroad operator’s stock after buying an additional 2,773 shares during the quarter. Corient Private Wealth LP’s holdings in Union Pacific were worth $126,480,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in the business. HORAN Wealth LLC lifted its stake in Union Pacific by 13.4% during the second quarter. HORAN Wealth LLC now owns 1,268 shares of the railroad operator’s stock worth $345,000 after purchasing an additional 150 shares during the last quarter. Amundi increased its stake in Union Pacific by 34.8% during the second quarter. Amundi now owns 3,019,845 shares of the railroad operator’s stock valued at $821,398,000 after purchasing an additional 778,850 shares during the last quarter. Groupe la Francaise raised its holdings in shares of Union Pacific by 2.6% during the second quarter. Groupe la Francaise now owns 1,775 shares of the railroad operator’s stock worth $483,000 after purchasing an additional 45 shares during the period. California State Teachers Retirement System increased its position in Union Pacific by 29,250.5% in the second quarter. California State Teachers Retirement System now owns 247,700,336 shares of the railroad operator’s stock worth $67,374,491,000 after buying an additional 246,856,396 shares during the period. Finally, Washington Trust Advisors Inc. lifted its position in Union Pacific by 1.6% in the 2nd quarter. Washington Trust Advisors Inc. now owns 4,707 shares of the railroad operator’s stock valued at $1,280,000 after purchasing an additional 75 shares during the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.
Union Pacific Trading Down 0.5%
Shares of UNP stock opened at $284.46 on Friday. Union Pacific Corporation has a 1-year low of $213.89 and a 1-year high of $315.99. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.82. The business has a 50-day moving average of $294.87 and a 200 day moving average of $271.74. The stock has a market capitalization of $168.99 billion, a PE ratio of 23.03, a P/E/G ratio of 2.84 and a beta of 0.96.
Union Pacific Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be given a dividend of $1.42 per share. This is a boost 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 dividend payout ratio is presently 45.99%.
Analyst Ratings Changes
A number of brokerages have recently issued reports on UNP. 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 restated an “outperform” rating and set a $339.00 price target (up from $289.00) on shares of Union Pacific in a research note on Friday, July 24th. Susquehanna boosted their target price on Union Pacific from $305.00 to $333.00 and gave the stock a “positive” rating in a report on Tuesday, July 14th. BMO Capital Markets restated a “market perform” rating and issued a $320.00 price target (up from $285.00) on shares of Union Pacific in a report on Friday, July 24th. Finally, Barclays reaffirmed 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 given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $320.89.
View Our Latest Stock Report on Union Pacific
About Union Pacific
Union Pacific Corporation is a transportation company that operates Union Pacific Railroad, one of the largest freight railroad networks in the United States. The company provides rail transportation and logistics services for a broad range of commodities, including agricultural products, automotive goods, chemicals, coal, industrial products, and intermodal shipments.
Union Pacific’s railroad network serves the western two-thirds of the United States, connecting major markets and ports across approximately 23 states.
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