Wealthfront Advisers LLC raised its stake in Union Pacific Corporation (NYSE:UNP – Free Report) by 12.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 70,207 shares of the railroad operator’s stock after purchasing an additional 7,901 shares during the quarter. Wealthfront Advisers LLC’s holdings in Union Pacific were worth $19,096,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the stock. Acadian Asset Management LLC lifted its holdings in shares of Union Pacific by 40.4% during the first quarter. Acadian Asset Management LLC now owns 2,312 shares of the railroad operator’s stock worth $546,000 after purchasing an additional 665 shares during the period. Schnieders Capital Management LLC. increased 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 valued at $4,741,000 after buying an additional 102 shares during the period. Main Street Financial Solutions LLC raised its position in Union Pacific by 1.6% during the 2nd quarter. Main Street Financial Solutions LLC now owns 3,733 shares of the railroad operator’s stock worth $859,000 after buying an additional 58 shares during the last quarter. HUB Investment Partners LLC raised its position 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 worth $1,401,000 after buying an additional 554 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of Union Pacific by 7.4% in the 2nd quarter. Alliancebernstein L.P. now owns 1,528,426 shares of the railroad operator’s stock worth $351,660,000 after acquiring an additional 105,664 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.
Union Pacific Stock Performance
Shares of UNP opened at $301.69 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. Union Pacific Corporation has a 52-week low of $210.84 and a 52-week high of $315.99. The company has a 50-day simple moving average of $284.87 and a 200-day simple moving average of $266.83. The company has a market capitalization of $179.23 billion, a PE ratio of 24.43, a P/E/G ratio of 3.05 and a beta of 0.96.
Union Pacific Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be paid a dividend of $1.42 per share. This is a positive change 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 annualized dividend and a dividend yield of 1.9%. Union Pacific’s dividend payout ratio is presently 44.70%.
Analyst Ratings Changes
Several research analysts recently issued reports on UNP shares. Royal Bank Of Canada reissued an “outperform” rating and set a $339.00 price target (up from $289.00) on shares of Union Pacific in a report on Friday, July 24th. Citizens Jmp initiated coverage on Union Pacific in a report on Wednesday, July 15th. They issued an “outperform” rating and a $350.00 price objective on the stock. Barclays reiterated an “overweight” rating and set a $350.00 target price (up from $315.00) on shares of Union Pacific in a research report on Friday, July 24th. Citigroup raised their price target on Union Pacific from $326.00 to $349.00 and gave the company a “buy” rating in a report on Friday, July 24th. Finally, Evercore restated an “outperform” rating and issued a $294.00 price target on shares of Union Pacific in a research note on Thursday, June 25th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Union Pacific currently has a consensus rating of “Moderate Buy” and an average target price of $320.89.
Check Out Our Latest Analysis on UNP
Insider Buying and Selling at Union Pacific
In related news, EVP Eric J. Gehringer sold 2,991 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total value of $789,504.36. Following the sale, the executive vice president owned 43,012 shares in the company, valued at $11,353,447.52. This represents a 6.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.22% of the stock is currently owned by corporate insiders.
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.
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