Portside Wealth Group LLC Has $1.11 Million Stock Position in Union Pacific Corporation $UNP

Portside Wealth Group LLC grew its position in Union Pacific Corporation (NYSE:UNP) by 24.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,815 shares of the railroad operator’s stock after acquiring an additional 953 shares during the quarter. Portside Wealth Group LLC’s holdings in Union Pacific were worth $1,108,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Pines Wealth Management LLC boosted its stake in 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 in the last quarter. Titleist Asset Management LLC lifted its holdings in shares of Union Pacific by 1.1% during the 1st quarter. Titleist Asset Management LLC now owns 4,004 shares of the railroad operator’s stock worth $946,000 after acquiring an additional 44 shares during the period. Five Oceans Advisors boosted its position in shares of Union Pacific by 3.9% during the 2nd quarter. Five Oceans Advisors now owns 1,183 shares of the railroad operator’s stock valued at $272,000 after acquiring an additional 44 shares in the last quarter. St. Johns Investment Management Company LLC boosted its position in shares of Union Pacific by 1.6% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 3,012 shares of the railroad operator’s stock valued at $693,000 after acquiring an additional 46 shares in the last quarter. Finally, Schubert & Co increased its stake in Union Pacific by 1.9% in the second quarter. Schubert & Co now owns 2,511 shares of the railroad operator’s stock valued at $578,000 after acquiring an additional 47 shares during the period. 80.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on UNP shares. TD Cowen cut their price target on shares of Union Pacific from $258.00 to $257.00 and set a “buy” rating for the company in a research note on Friday, October 24th. The Goldman Sachs Group set a $263.00 target price on Union Pacific and gave the stock a “neutral” rating in a report on Thursday, October 23rd. Loop Capital raised Union Pacific from a “sell” rating to a “hold” rating and boosted their price target for the company from $214.00 to $227.00 in a research note on Tuesday, September 16th. Wells Fargo & Company increased their price objective on Union Pacific from $250.00 to $260.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Finally, Citigroup lifted their price objective on Union Pacific from $263.00 to $265.00 and gave the company a “buy” rating in a report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, Union Pacific currently has a consensus rating of “Moderate Buy” and a consensus price target of $261.63.

Union Pacific Stock Down 0.0%

Shares of NYSE UNP opened at $220.97 on Wednesday. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84. The firm’s 50-day simple moving average is $224.36 and its 200 day simple moving average is $224.79. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 1.75. The company has a market cap of $131.07 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 2.27 and a beta of 1.04.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.09. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The company had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6.24 billion. During the same period in the previous year, the firm posted $2.75 earnings per share. The company’s revenue was up 2.5% on a year-over-year basis. On average, research analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 5th will be given a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, December 5th. Union Pacific’s payout ratio is 46.90%.

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.