Tribridge Partners Financial LLC Takes Position in Union Pacific Corporation $UNP

Tribridge Partners Financial LLC acquired a new position in Union Pacific Corporation (NYSE:UNP) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,071 shares of the railroad operator’s stock, valued at approximately $707,000. Union Pacific accounts for 0.4% of Tribridge Partners Financial LLC’s investment portfolio, making the stock its 20th largest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Union Pacific during the second quarter valued at $1,856,340,000. Northern Trust Corp grew its stake in 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 acquiring an additional 142,732 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in 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 acquiring an additional 354,463 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Union Pacific by 0.7% in the 2nd quarter. Fisher Asset Management LLC now owns 6,398,715 shares of the railroad operator’s stock valued at $1,472,217,000 after purchasing an additional 46,436 shares during the period. Finally, Royal Bank of Canada lifted its position in shares of Union Pacific by 1.7% in the first quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator’s stock worth $1,206,191,000 after purchasing an additional 86,292 shares in the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on UNP shares. BMO Capital Markets lowered their price objective on shares of Union Pacific from $277.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, October 24th. JPMorgan Chase & Co. boosted their price target on shares of Union Pacific from $265.00 to $267.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Citigroup increased their price objective on Union Pacific from $263.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Loop Capital raised Union Pacific from a “sell” rating to a “hold” rating and lifted their price objective for the company from $214.00 to $227.00 in a research report on Tuesday, September 16th. Finally, Cowen reaffirmed a “buy” rating on shares of Union Pacific in a research report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $259.54.

Union Pacific Price Performance

Shares of NYSE:UNP opened at $239.90 on Friday. The stock has a market capitalization of $142.30 billion, a P/E ratio of 20.38, a P/E/G ratio of 2.66 and a beta of 0.99. The business has a 50-day moving average of $226.39 and a two-hundred day moving average of $225.79. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.75 and a quick ratio of 0.60.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $0.09. The business had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6.24 billion. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.The firm’s revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business earned $2.75 EPS. On average, equities research analysts predict that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 5th will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, December 5th. Union Pacific’s payout ratio is presently 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.