QRG Capital Management Inc. increased its stake in Union Pacific Corporation (NYSE:UNP – Free Report) by 9.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 102,949 shares of the railroad operator’s stock after buying an additional 8,842 shares during the quarter. QRG Capital Management Inc.’s holdings in Union Pacific were worth $28,002,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. lifted its position in Union Pacific by 3.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 80,345 shares of the railroad operator’s stock worth $21,854,000 after purchasing an additional 2,506 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Union Pacific by 34.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,583,702 shares of the railroad operator’s stock valued at $702,765,000 after purchasing an additional 662,335 shares during the period. State Street Corp raised its stake in shares of Union Pacific by 4.9% in the 2nd quarter. State Street Corp now owns 27,890,598 shares of the railroad operator’s stock worth $7,586,243,000 after buying an additional 1,302,732 shares in the last quarter. Security National Bank of Sioux City Iowa IA raised its stake in shares of Union Pacific by 26.0% in the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 10,566 shares of the railroad operator’s stock worth $2,874,000 after buying an additional 2,180 shares in the last quarter. Finally, Smith Chas P & Associates PA Cpas lifted its holdings in shares of Union Pacific by 1.0% in the second quarter. Smith Chas P & Associates PA Cpas now owns 123,606 shares of the railroad operator’s stock valued at $33,621,000 after buying an additional 1,265 shares during the period. Institutional investors own 80.38% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the company. Citigroup raised their target price on Union Pacific from $326.00 to $349.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Barclays reissued an “overweight” rating and issued a $350.00 price target (up from $315.00) on shares of Union Pacific in a report on Friday, July 24th. Benchmark raised their price objective on shares of Union Pacific from $325.00 to $335.00 and gave the company a “buy” rating in a research report on Friday, July 24th. The Goldman Sachs Group set a $317.00 price objective on shares of Union Pacific and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings upgraded shares of Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $327.72.
Union Pacific Price Performance
Shares of UNP traded up $0.87 during trading hours on Wednesday, hitting $275.28. 1,890,477 shares of the company were exchanged, compared to its average volume of 3,042,144. The company has a market capitalization of $163.54 billion, a PE ratio of 22.29, a PEG ratio of 2.69 and a beta of 0.96. 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 firm has a fifty day simple moving average of $294.05 and a 200-day simple moving average of $272.47. Union Pacific Corporation has a one year low of $215.53 and a one year high of $315.99.
Union Pacific (NYSE:UNP – Get Free Report) last issued its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.26 by $0.15. The business had revenue of $6.86 billion for the quarter, compared to analysts’ expectations 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 period in the previous year, the firm posted $3.03 EPS. As a group, sell-side analysts predict that Union Pacific Corporation will post 13.01 earnings per share for the current year.
Union Pacific Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be paid a dividend of $1.42 per share. This is a boost from Union Pacific’s previous quarterly dividend of $1.38. This represents a $5.68 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Monday, August 31st. Union Pacific’s payout ratio is currently 45.99%.
Union Pacific Profile
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.
Featured Stories
- Five stocks we like better than Union Pacific
- Chips to Bots: Qualcomm’s Agentic AI Breakout
- Ciena Fell 40%—Now One Analyst Sees 50% Upside
- Energy Transfer Taps the AI Power Boom
- Viking’s Obesity Edge May Be Staying Power, Not Weight Loss
Want to see what other hedge funds are holding UNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Pacific Corporation (NYSE:UNP – Free Report).
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.
