Burns J W & Co. Inc. NY Reduces Position in Union Pacific Corporation $UNP

Burns J W & Co. Inc. NY lessened its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 5.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,387 shares of the railroad operator’s stock after selling 285 shares during the quarter. Burns J W & Co. Inc. NY’s holdings in Union Pacific were worth $1,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Northern Trust Corp raised its position in shares of Union Pacific by 2.0% during the 1st quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator’s stock valued at $1,678,575,000 after purchasing an additional 142,732 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Union Pacific by 5.4% during 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 purchasing an additional 354,463 shares during the period. Royal Bank of Canada raised its position in shares of Union Pacific by 1.7% during the 1st quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator’s stock valued at $1,206,191,000 after purchasing an additional 86,292 shares during the period. Canada Pension Plan Investment Board raised 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 during the period. Finally, Nuveen LLC bought a new stake in shares of Union Pacific during the 1st quarter valued at $988,822,000. 80.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

UNP has been the topic of several recent analyst reports. Sanford C. Bernstein raised their price objective on shares of Union Pacific from $271.00 to $286.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Barclays downgraded shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 30th. Susquehanna reduced their price target on shares of Union Pacific from $260.00 to $257.00 and set a “positive” rating on the stock in a report on Wednesday, July 30th. Argus downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, August 12th. Finally, Morgan Stanley reduced their price target on shares of Union Pacific from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $259.38.

Union Pacific Stock Performance

Shares of NYSE:UNP opened at $220.43 on Friday. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $256.84. The stock has a market capitalization of $130.72 billion, a P/E ratio of 19.15, a PEG ratio of 2.11 and a beta of 1.03. The firm has a fifty day simple moving average of $222.94 and a two-hundred day simple moving average of $225.28. 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 issued 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 net margin of 28.43% and a return on equity of 41.73%. The business had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.09 billion. During the same period last year, the company posted $2.74 EPS. The business’s revenue was up 2.4% on a year-over-year basis. On average, analysts expect that Union Pacific Corporation will post 11.99 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 Tuesday, September 30th. Shareholders of record on Friday, August 29th will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, August 29th. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. Union Pacific’s dividend payout ratio is 47.96%.

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.