Union Pacific Corporation $UNP Shares Bought by Steph & Co.

Steph & Co. grew its holdings in Union Pacific Corporation (NYSE:UNP) by 3.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,014 shares of the railroad operator’s stock after purchasing an additional 111 shares during the quarter. Steph & Co.’s holdings in Union Pacific were worth $693,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of UNP. LGT Group Foundation lifted its position in shares of Union Pacific by 9.7% in the first quarter. LGT Group Foundation now owns 5,398 shares of the railroad operator’s stock valued at $1,275,000 after acquiring an additional 477 shares in the last quarter. Nuveen LLC acquired a new position in Union Pacific in the 1st quarter valued at about $988,822,000. SlateStone Wealth LLC raised its stake in Union Pacific by 6.2% in the 1st quarter. SlateStone Wealth LLC now owns 13,264 shares of the railroad operator’s stock valued at $3,133,000 after purchasing an additional 772 shares during the last quarter. Meadow Creek Wealth Advisors LLC lifted its holdings in Union Pacific by 10.9% in the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 3,666 shares of the railroad operator’s stock valued at $866,000 after purchasing an additional 359 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Union Pacific by 16.8% during the 1st quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator’s stock worth $2,491,000 after purchasing an additional 1,520 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Stock Performance

Union Pacific stock opened at $232.01 on Friday. The company has a market cap of $137.59 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 2.40 and a beta of 1.03. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. The stock’s 50-day moving average is $222.52 and its 200-day moving average is $224.65.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.19. The business had revenue of $6.15 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.74 EPS. Equities analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current 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 dividend of $1.38 per share. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, August 29th. Union Pacific’s payout ratio is presently 47.96%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Barclays lowered shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 30th. BMO Capital Markets boosted their price target on Union Pacific from $270.00 to $277.00 and gave the company an “outperform” rating in a report on Friday, July 25th. Robert W. Baird initiated coverage on Union Pacific in a research note on Tuesday, July 1st. They set a “neutral” rating and a $231.00 price target on the stock. Wells Fargo & Company lifted their price objective on Union Pacific from $250.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Finally, Evercore ISI reduced their target price on Union Pacific from $244.00 to $238.00 and set an “in-line” rating on the stock in a research report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $260.00.

Union Pacific Company 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.