Envestnet Portfolio Solutions Inc. Purchases 2,506 Shares of Union Pacific Corporation $UNP

Envestnet Portfolio Solutions Inc. increased its position in shares of Union Pacific Corporation (NYSE:UNP) by 3.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,345 shares of the railroad operator’s stock after acquiring an additional 2,506 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Union Pacific were worth $21,854,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Cambient Family Office LLC acquired a new stake in shares of Union Pacific during the 4th quarter worth approximately $1,319,000. First National Bank of Omaha lifted its holdings in Union Pacific by 35.8% in the fourth quarter. First National Bank of Omaha now owns 54,635 shares of the railroad operator’s stock valued at $12,665,000 after buying an additional 14,399 shares during the period. Sage Investment Advisers LLC acquired a new position in Union Pacific in the fourth quarter valued at approximately $997,000. National Pension Service boosted its stake in Union Pacific by 1.2% in the fourth quarter. National Pension Service now owns 1,316,496 shares of the railroad operator’s stock valued at $304,532,000 after acquiring an additional 15,785 shares during the last quarter. Finally, BNP Paribas boosted its stake in Union Pacific by 21.5% in the second quarter. BNP Paribas now owns 60,465 shares of the railroad operator’s stock valued at $16,454,000 after acquiring an additional 10,706 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.

Union Pacific Trading Up 0.3%

Shares of UNP traded up $0.87 during trading hours on Wednesday, reaching $275.28. The stock had a trading volume of 1,890,477 shares, compared to its average volume of 3,042,144. The company has a market cap of $163.54 billion, a P/E ratio of 22.29, a P/E/G ratio of 2.69 and a beta of 0.96. Union Pacific Corporation has a 52 week low of $215.53 and a 52 week high of $315.99. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. The firm has a 50-day moving average of $294.05 and a 200 day moving average of $272.47.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, topping the consensus estimate of $3.26 by $0.15. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The firm had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.72 billion. During the same period in the previous year, the company posted $3.03 earnings per share. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. On average, sell-side analysts expect that Union Pacific Corporation will post 13.01 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be issued a dividend of $1.42 per share. This is a boost from Union Pacific’s previous quarterly dividend of $1.38. The ex-dividend date is Monday, August 31st. This represents a $5.68 annualized dividend and a dividend yield of 2.1%. Union Pacific’s dividend payout ratio (DPR) is presently 45.99%.

Analyst Ratings Changes

A number of research firms have commented on UNP. Bank of America lifted their target price on shares of Union Pacific from $301.00 to $334.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Stephens upgraded Union Pacific to a “strong-buy” rating in a research report on Wednesday, July 8th. Citigroup lifted their price objective on Union Pacific from $326.00 to $349.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. UBS Group upgraded Union Pacific from a “neutral” rating to a “buy” rating and upped their price objective for the company from $310.00 to $339.00 in a report on Wednesday, September 16th. Finally, Royal Bank Of Canada upgraded Union Pacific from an “outperform” rating to a “buy” rating in a report on Wednesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $327.72.

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.