Union Pacific Corporation $UNP Shares Bought by Somerset Trust Co

Somerset Trust Co boosted its stake in Union Pacific Corporation (NYSE:UNP) by 14.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,219 shares of the railroad operator’s stock after acquiring an additional 156 shares during the period. Somerset Trust Co’s holdings in Union Pacific were worth $280,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Northern Trust Corp boosted its stake in Union Pacific by 2.0% in the first quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator’s stock valued at $1,678,575,000 after acquiring an additional 142,732 shares during the period. Price T Rowe Associates Inc. MD grew its position in Union Pacific by 5.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,949,345 shares of the railroad operator’s stock valued at $1,641,715,000 after buying an additional 354,463 shares in the last quarter. Royal Bank of Canada raised its holdings in Union Pacific by 1.7% during the first quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator’s stock worth $1,206,191,000 after purchasing an additional 86,292 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Union Pacific by 35.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,968,658 shares of the railroad operator’s stock valued at $1,133,053,000 after buying an additional 1,294,643 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in shares of Union Pacific by 10.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock valued at $1,092,893,000 after purchasing an additional 452,788 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Performance

Union Pacific stock opened at $214.73 on Friday. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84. The stock has a 50-day simple moving average of $224.46 and a 200 day simple moving average of $225.92. The stock has a market capitalization of $127.34 billion, a price-to-earnings ratio of 18.66, a P/E/G ratio of 2.10 and a beta of 1.03. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.19. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The firm had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.09 billion. During the same period last year, the company earned $2.74 earnings per share. The company’s revenue was up 2.4% on a year-over-year basis. On average, research analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be paid a $1.38 dividend. This is a positive change from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Friday, August 29th. Union Pacific’s dividend payout ratio is 47.96%.

Wall Street Analyst Weigh In

Several research firms have issued reports on UNP. Morgan Stanley cut their price objective on Union Pacific from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Monday, July 7th. Robert W. Baird assumed coverage on Union Pacific in a research note on Tuesday, July 1st. They issued a “neutral” rating and a $231.00 target price on the stock. Citigroup lowered shares of Union Pacific from a “strong-buy” rating to a “hold” rating and dropped their price target for the stock from $270.00 to $250.00 in a research note on Wednesday, July 30th. Sanford C. Bernstein boosted their target price on Union Pacific from $271.00 to $286.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Finally, BMO Capital Markets upped their price target on shares of Union Pacific from $270.00 to $277.00 and gave the company an “outperform” rating in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $258.21.

About Union Pacific

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.