Union Pacific Corporation $UNP Shares Purchased by Griffin Asset Management Inc.

Griffin Asset Management Inc. boosted its stake in Union Pacific Corporation (NYSE:UNP) by 0.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 15,150 shares of the railroad operator’s stock after acquiring an additional 129 shares during the quarter. Griffin Asset Management Inc.’s holdings in Union Pacific were worth $3,486,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Pines Wealth Management LLC increased its stake in shares of Union Pacific by 1.7% during the second quarter. Pines Wealth Management LLC now owns 2,520 shares of the railroad operator’s stock worth $595,000 after buying an additional 43 shares during the period. Titleist Asset Management LLC increased its stake in shares of Union Pacific by 1.1% during the first quarter. Titleist Asset Management LLC now owns 4,004 shares of the railroad operator’s stock worth $946,000 after buying an additional 44 shares during the period. Five Oceans Advisors increased its stake in shares of Union Pacific by 3.9% during the second quarter. Five Oceans Advisors now owns 1,183 shares of the railroad operator’s stock worth $272,000 after buying an additional 44 shares during the period. Stiles Financial Services Inc increased its stake in shares of Union Pacific by 1.6% during the first quarter. Stiles Financial Services Inc now owns 2,963 shares of the railroad operator’s stock worth $700,000 after buying an additional 48 shares during the period. Finally, Avalon Trust Co increased its stake in shares of Union Pacific by 5.1% during the first quarter. Avalon Trust Co now owns 1,004 shares of the railroad operator’s stock worth $237,000 after buying an additional 49 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Price Performance

UNP stock opened at $225.54 on Monday. The company has a market capitalization of $133.77 billion, a P/E ratio of 19.60, a PEG ratio of 2.34 and a beta of 1.07. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84. The business has a 50 day simple moving average of $224.45 and a 200-day simple moving average of $224.30. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.19. The business had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The company’s revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.74 earnings per share. As a group, equities analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were issued a $1.38 dividend. The ex-dividend date of this dividend was Friday, August 29th. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. Union Pacific’s dividend payout ratio is currently 47.96%.

Analyst Ratings Changes

A number of analysts recently weighed in on UNP shares. Wells Fargo & Company upped their target price on shares of Union Pacific from $250.00 to $260.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Jefferies Financial Group raised Union Pacific from a “hold” rating to a “buy” rating and upped their price target for the company from $250.00 to $285.00 in a report on Friday, July 25th. Argus downgraded Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, August 12th. Morgan Stanley lowered their price target on Union Pacific from $220.00 to $215.00 and set an “equal weight” rating for the company in a report on Monday, July 7th. Finally, Robert W. Baird initiated coverage on Union Pacific in a report on Tuesday, July 1st. They issued a “neutral” rating and a $231.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, Union Pacific currently has an average rating of “Moderate Buy” and a consensus target price of $261.08.

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.