141,111 Shares in Union Pacific Corporation $UNP Acquired by Nykredit A S

Key Points

• Nykredit A S acquired 141,111 Union Pacific shares during the second quarter, valued at approximately $38.4 million. Institutional investors collectively own 80.38% of the railroad operator.
• Analysts maintain a generally bullish outlook, with Union Pacific receiving a “Moderate Buy” consensus rating and an average price target of $327.72; UBS upgraded the stock to “buy.”
• Union Pacific exceeded quarterly earnings and revenue expectations, reporting $3.41 in EPS and $6.86 billion in revenue, while raising its quarterly dividend to $1.42 per share.

Nykredit A S bought a new position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 141,111 shares of the railroad operator's stock, valued at approximately $38,382,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Cornerstone Financial Management LLC acquired a new stake in shares of Union Pacific in the fourth quarter valued at $27,000. Scarborough Advisors LLC acquired a new position in shares of Union Pacific in the first quarter worth $27,000. Merkkuri Wealth Advisors LLC acquired a new position in shares of Union Pacific in the first quarter worth $29,000. Wiser Advisor Group LLC purchased a new stake in shares of Union Pacific during the second quarter worth $30,000. Finally, Kelly Lawrence W & Associates Inc. CA acquired a new stake in shares of Union Pacific in the second quarter valued at $34,000. Hedge funds and other institutional investors own 80.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Robert W. Baird boosted their target price on Union Pacific from $311.00 to $344.00 and gave the stock an "outperform" rating in a research note on Monday, July 27th. Erste Group Bank initiated coverage on shares of Union Pacific in a research report on Thursday, August 27th. They issued a "buy" rating on the stock. UBS Group upgraded shares of Union Pacific from a "neutral" rating to a "buy" rating and raised their price objective for the company from $310.00 to $339.00 in a report on Wednesday. JPMorgan Chase & Co. lifted their price objective on shares of Union Pacific from $304.00 to $334.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Finally, The Goldman Sachs Group set a $317.00 target price on Union Pacific and gave the company a "neutral" rating in a report on Thursday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $327.72.

Union Pacific Trading Down 1.2%

Shares of UNP stock opened at $279.19 on Friday. The company has a market capitalization of $165.86 billion, a P/E ratio of 22.61, a price-to-earnings-growth ratio of 2.81 and a beta of 0.96. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40. The business's 50 day moving average is $294.72 and its two-hundred day moving average is $272.34. Union Pacific Corporation has a twelve month low of $215.53 and a twelve month high of $315.99.

Union Pacific (NYSE:UNP - Get Free Report) last released its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, topping the consensus estimate of $3.26 by $0.15. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The company had revenue of $6.86 billion during the quarter, compared to analysts' expectations of $6.72 billion. During the same quarter last year, the business earned $3.03 EPS. The business's revenue was up 11.5% on a year-over-year basis. Equities analysts forecast that Union Pacific Corporation will post 13.02 EPS for the current year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be paid a dividend of $1.42 per share. The ex-dividend date of this dividend is Monday, August 31st. This is an increase from Union Pacific's previous quarterly dividend of $1.38. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.0%. Union Pacific's dividend payout ratio is 45.99%.

Union Pacific Company Profile

Union Pacific Corporation is a transportation company that operates Union Pacific Railroad, one of the largest freight railroad networks in the United States. The company provides rail transportation and logistics services for a broad range of commodities, including agricultural products, automotive goods, chemicals, coal, industrial products, and intermodal shipments.

Union Pacific's railroad network serves the western two-thirds of the United States, connecting major markets and ports across approximately 23 states.

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