Security National Bank of Sioux City Iowa IA grew its stake in Union Pacific Corporation (NYSE:UNP – Free Report) by 26.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,566 shares of the railroad operator’s stock after purchasing an additional 2,180 shares during the period. Union Pacific comprises approximately 1.2% of Security National Bank of Sioux City Iowa IA’s investment portfolio, making the stock its 24th largest position. Security National Bank of Sioux City Iowa IA’s holdings in Union Pacific were worth $2,874,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp boosted its position in Union Pacific by 4.3% in the fourth quarter. State Street Corp now owns 26,330,080 shares of the railroad operator’s stock valued at $6,090,674,000 after buying an additional 1,082,285 shares in the last quarter. Capital World Investors grew its stake in shares of Union Pacific by 92.1% during the fourth 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. Geode Capital Management LLC increased its holdings in shares of Union Pacific by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 15,360,668 shares of the railroad operator’s stock worth $3,552,550,000 after buying an additional 296,814 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Union Pacific by 0.4% during the second quarter. Bank of America Corp DE now owns 14,527,563 shares of the railroad operator’s stock worth $3,951,497,000 after buying an additional 64,492 shares in the last quarter. Finally, Capital Research Global Investors lifted its stake in shares of Union Pacific by 26.0% in the 4th quarter. Capital Research Global Investors now owns 10,980,904 shares of the railroad operator’s stock valued at $2,540,105,000 after acquiring an additional 2,267,708 shares during the last quarter. 80.38% of the stock is owned by institutional investors.
Analyst Ratings Changes
UNP has been the topic of several recent research reports. Evercore reissued an “outperform” rating and set a $294.00 price objective on shares of Union Pacific in a report on Thursday, June 25th. Royal Bank Of Canada upgraded Union Pacific from an “outperform” rating to a “buy” rating in a research report on Wednesday. TD Cowen reissued a “buy” rating and set a $325.00 price target (up from $282.00) on shares of Union Pacific in a research note on Friday, July 24th. Bank of America boosted their price target on Union Pacific from $301.00 to $334.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Finally, Erste Group Bank assumed coverage on Union Pacific in a research note on Thursday, August 27th. They issued a “buy” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $327.72.
Union Pacific Trading Down 1.2%
NYSE UNP traded down $3.29 on Friday, reaching $279.19. The company had a trading volume of 4,852,965 shares, compared to its average volume of 3,030,030. The firm has a market cap of $165.86 billion, a price-to-earnings ratio of 22.61, a P/E/G ratio of 2.80 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. Union Pacific Corporation has a fifty-two week low of $215.53 and a fifty-two week high of $315.99. The business has a 50 day moving average of $294.88 and a two-hundred day moving average of $272.30.
Union Pacific (NYSE:UNP – Get Free Report) last announced its earnings results 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 business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business earned $3.03 EPS. Analysts forecast that Union Pacific Corporation will post 13.02 EPS for the current year.
Union Pacific Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors 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. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, August 31st. Union Pacific’s payout ratio is presently 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.
Further Reading
- Five stocks we like better than Union Pacific
- J.B. Hunt’s Stock Plunges After Market Misprices Profit Warning
- 2 Stocks Breaking Out Post-FOMC With One Thing in Common
- Lennar’s Q3 Miss Hides a Stronger Operating Story Beneath the Housing Slump
- These 3 Stocks Are Drawing Insider Buyers for Very Different Reasons
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.
