Peterson Wealth Services boosted its holdings in Union Pacific Corporation (NYSE:UNP – Free Report) by 24.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,841 shares of the railroad operator’s stock after acquiring an additional 5,143 shares during the quarter. Union Pacific comprises about 1.5% of Peterson Wealth Services’ investment portfolio, making the stock its 20th biggest holding. Peterson Wealth Services’ holdings in Union Pacific were worth $7,032,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Legal & General Group Plc acquired a new position in shares of Union Pacific in the 2nd quarter worth approximately $1,193,135,000. Canada Pension Plan Investment Board bought a new stake in shares of Union Pacific in the 2nd quarter worth approximately $1,094,677,000. Bank of America Corp DE lifted its stake in Union Pacific by 16.8% during the first quarter. Bank of America Corp DE now owns 14,463,071 shares of the railroad operator’s stock valued at $3,509,030,000 after purchasing an additional 2,084,808 shares during the last quarter. Jupiter Topco LLC acquired a new stake in Union Pacific during the second quarter valued at approximately $479,274,000. Finally, State Street Corp lifted its stake in Union Pacific by 4.9% during the second quarter. State Street Corp now owns 27,890,598 shares of the railroad operator’s stock valued at $7,586,243,000 after purchasing an additional 1,302,732 shares during the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.
Union Pacific Trading Up 1.4%
Shares of UNP opened at $296.82 on Tuesday. The business’s 50-day moving average price is $287.48 and its 200 day moving average price is $268.29. The stock has a market capitalization of $176.39 billion, a P/E ratio of 23.14, a P/E/G ratio of 2.89 and a beta of 0.95. Union Pacific Corporation has a 1-year low of $215.53 and a 1-year high of $315.99. The company has a current ratio of 1.16, a quick ratio of 0.99 and a debt-to-equity ratio of 1.32.
Union Pacific (NYSE:UNP – Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The railroad operator reported $3.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.06. Union Pacific had a return on equity of 37.54% and a net margin of 28.90%. The firm had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $7.16 billion. During the same quarter in the previous year, the company earned $3.08 EPS. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. Analysts expect that Union Pacific Corporation will post 13.13 earnings per share for the current year.
Union Pacific Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st were given a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 1.9%. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. The ex-dividend date of this dividend was Monday, August 31st. Union Pacific’s payout ratio is 44.27%.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. Royal Bank Of Canada set a $328.00 target price on shares of Union Pacific in a report on Friday. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a report on Friday. Barclays reaffirmed 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. Bank of America increased their price objective on Union Pacific from $301.00 to $334.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Finally, Erste Group Bank assumed coverage on Union Pacific in a research note on Thursday, August 27th. They set a “buy” rating for the company. 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, the stock has an average rating of “Moderate Buy” and an average price target of $325.78.
Check Out Our Latest Stock Report on Union Pacific
Union Pacific Profile
Union Pacific Corporation (NYSE: UNP) is a transportation company that operates one of the largest freight railroad networks in the United States. Through its Union Pacific Railroad subsidiary, the company moves goods across the western two-thirds of the country, connecting major agricultural, industrial, energy, population and port markets.
Union Pacific transports a broad range of commodities and products, including agricultural goods, automotive shipments, chemicals, coal, industrial products, forest products and intermodal containers.
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