Truepoint Inc. Takes $212,000 Position in Union Pacific Co. (UNP)

Truepoint Inc. bought a new position in shares of Union Pacific Co. (NYSE:UNP) during the second quarter, HoldingsChannel.com reports. The firm bought 1,496 shares of the railroad operator’s stock, valued at approximately $212,000.

A number of other institutional investors and hedge funds also recently modified their holdings of UNP. Schwab Charles Investment Management Inc. lifted its holdings in shares of Union Pacific by 69.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 5,019,393 shares of the railroad operator’s stock valued at $674,758,000 after purchasing an additional 2,049,128 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Union Pacific during the 2nd quarter valued at about $192,080,000. Fred Alger Management Inc. lifted its holdings in shares of Union Pacific by 89.6% during the 2nd quarter. Fred Alger Management Inc. now owns 2,791,161 shares of the railroad operator’s stock valued at $395,452,000 after purchasing an additional 1,319,274 shares in the last quarter. Cornerstone Wealth Management LLC lifted its holdings in shares of Union Pacific by 14,325.6% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 742,195 shares of the railroad operator’s stock valued at $5,188,000 after purchasing an additional 737,050 shares in the last quarter. Finally, Swedbank bought a new position in shares of Union Pacific during the 2nd quarter valued at about $103,678,000. Hedge funds and other institutional investors own 80.35% of the company’s stock.

Several research firms have recently weighed in on UNP. Robert W. Baird lifted their price objective on Union Pacific from $144.00 to $155.00 and gave the company a “neutral” rating in a report on Monday, June 4th. Credit Suisse Group lifted their target price on Union Pacific from $160.00 to $165.00 and gave the company an “outperform” rating in a research report on Friday, June 1st. BMO Capital Markets lifted their target price on Union Pacific from $158.00 to $165.00 and gave the company an “outperform” rating in a research report on Friday, June 1st. Cowen reissued a “hold” rating and issued a $151.00 target price on shares of Union Pacific in a research report on Thursday, July 19th. Finally, UBS Group lifted their target price on Union Pacific from $160.00 to $161.00 and gave the company a “buy” rating in a research report on Friday, July 20th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $147.35.

NYSE:UNP opened at $150.13 on Monday. The company has a market cap of $111.02 billion, a price-to-earnings ratio of 25.93, a P/E/G ratio of 1.81 and a beta of 0.83. Union Pacific Co. has a twelve month low of $103.41 and a twelve month high of $151.97. The company has a current ratio of 1.03, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, July 19th. The railroad operator reported $1.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.94 by $0.04. The firm had revenue of $5.67 billion for the quarter, compared to analyst estimates of $5.65 billion. Union Pacific had a return on equity of 23.63% and a net margin of 51.31%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.45 EPS. research analysts forecast that Union Pacific Co. will post 7.76 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, August 31st will be given a dividend of $0.80 per share. This is a positive change from Union Pacific’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $3.20 annualized dividend and a dividend yield of 2.13%. Union Pacific’s payout ratio is 50.43%.

Union Pacific Company Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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