Blair William & Co. IL boosted its position in Union Pacific Co. (NYSE:UNP) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 488,917 shares of the railroad operator’s stock after acquiring an additional 6,882 shares during the period. Blair William & Co. IL’s holdings in Union Pacific were worth $107,528,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of UNP. ShoreHaven Wealth Partners LLC bought a new position in Union Pacific in the first quarter valued at about $25,000. Red Cedar Capital LLC bought a new position in Union Pacific during the first quarter worth about $26,000. Harvest Group Wealth Management LLC bought a new position in Union Pacific during the second quarter worth about $33,000. AllSquare Wealth Management LLC boosted its holdings in Union Pacific by 70.0% during the first quarter. AllSquare Wealth Management LLC now owns 170 shares of the railroad operator’s stock worth $37,000 after buying an additional 70 shares during the last quarter. Finally, MV Capital Management Inc. boosted its holdings in Union Pacific by 78.8% during the second quarter. MV Capital Management Inc. now owns 202 shares of the railroad operator’s stock worth $44,000 after buying an additional 89 shares during the last quarter. Institutional investors and hedge funds own 77.07% of the company’s stock.
A number of equities analysts have issued reports on UNP shares. Raymond James raised their target price on Union Pacific from $260.00 to $265.00 and gave the stock a “strong-buy” rating in a report on Friday, July 23rd. Stifel Nicolaus began coverage on Union Pacific in a research report on Monday, June 21st. They set a “hold” rating on the stock. Loop Capital dropped their price target on Union Pacific from $270.00 to $252.00 and set a “buy” rating on the stock in a research report on Tuesday, September 14th. Benchmark raised their price target on Union Pacific from $242.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, July 23rd. Finally, Wells Fargo & Company raised their price target on Union Pacific from $226.00 to $231.00 and gave the stock an “equal weight” rating in a research report on Friday, July 9th. Six research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $241.39.
Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, July 22nd. The railroad operator reported $2.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.55 by $0.17. The firm had revenue of $5.50 billion for the quarter, compared to analyst estimates of $5.39 billion. Union Pacific had a return on equity of 37.65% and a net margin of 28.60%. The business’s quarterly revenue was up 29.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.67 EPS. As a group, research analysts predict that Union Pacific Co. will post 10.02 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 30th. Shareholders of record on Tuesday, August 31st will be given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Monday, August 30th. Union Pacific’s dividend payout ratio (DPR) is 52.26%.
Union Pacific Profile
Union Pacific Corp. engages in the provision of railroad and freight transportation services. Its principal operating company, Union Pacific Railroad Co, operates as a railroad franchise. The Railroad’s diversified business mix includes agricultural products, automotive, chemicals, coal, industrial products, and intermodal.
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