Union Pacific Co. (NYSE:UNP) Shares Acquired by SouthState Corp

SouthState Corp increased its position in shares of Union Pacific Co. (NYSE:UNP) by 6.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 50,960 shares of the railroad operator’s stock after acquiring an additional 3,007 shares during the quarter. SouthState Corp’s holdings in Union Pacific were worth $11,530,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Union Pacific during the fourth quarter worth $1,832,127,000. Capital Research Global Investors lifted its position in Union Pacific by 7.6% during the first quarter. Capital Research Global Investors now owns 7,370,752 shares of the railroad operator’s stock worth $1,812,689,000 after buying an additional 518,985 shares during the period. Fisher Asset Management LLC boosted its stake in Union Pacific by 2.0% in the 4th quarter. Fisher Asset Management LLC now owns 5,856,266 shares of the railroad operator’s stock worth $1,438,417,000 after buying an additional 113,946 shares during the last quarter. Franklin Resources Inc. grew its holdings in Union Pacific by 7.1% in the 4th quarter. Franklin Resources Inc. now owns 5,504,181 shares of the railroad operator’s stock valued at $1,351,937,000 after buying an additional 364,029 shares during the period. Finally, Clearbridge Investments LLC increased its stake in shares of Union Pacific by 5.7% during the 1st quarter. Clearbridge Investments LLC now owns 4,396,974 shares of the railroad operator’s stock valued at $1,081,348,000 after acquiring an additional 237,083 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analyst Ratings Changes

UNP has been the topic of several research analyst reports. StockNews.com cut shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. Wells Fargo & Company assumed coverage on shares of Union Pacific in a report on Friday, June 7th. They issued an “overweight” rating and a $270.00 price target on the stock. TD Cowen lowered their price objective on shares of Union Pacific from $259.00 to $255.00 and set a “buy” rating for the company in a research note on Friday, July 26th. Stifel Nicolaus cut their target price on Union Pacific from $267.00 to $265.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Finally, Benchmark restated a “buy” rating and set a $266.00 price target on shares of Union Pacific in a research note on Monday, July 29th. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Union Pacific currently has an average rating of “Moderate Buy” and an average target price of $258.79.

Insider Activity at Union Pacific

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total transaction of $875,887.68. Following the transaction, the president now owns 64,945 shares of the company’s stock, valued at approximately $16,014,787.55. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.28% of the stock is owned by corporate insiders.

Union Pacific Stock Down 0.8 %

UNP stock traded down $2.13 during trading on Thursday, reaching $253.57. The stock had a trading volume of 734,310 shares, compared to its average volume of 2,256,893. The firm has a fifty day moving average price of $239.52 and a 200 day moving average price of $239.27. The company has a current ratio of 1.05, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89. The company has a market capitalization of $154.47 billion, a P/E ratio of 24.24, a PEG ratio of 2.27 and a beta of 1.05. Union Pacific Co. has a 1-year low of $199.33 and a 1-year high of $258.66.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, July 25th. The railroad operator reported $2.74 EPS for the quarter, topping the consensus estimate of $2.71 by $0.03. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The business had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $6.05 billion. During the same quarter in the previous year, the firm posted $2.57 earnings per share. The company’s revenue was up .7% compared to the same quarter last year. On average, equities analysts anticipate that Union Pacific Co. will post 11.11 earnings per share for the current year.

Union Pacific Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 2.11%. This is an increase from Union Pacific’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Friday, August 30th. Union Pacific’s dividend payout ratio (DPR) is 51.15%.

Union Pacific Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.