ASR Vermogensbeheer N.V. Acquires 2,432 Shares of Union Pacific Corporation $UNP

Key Points

• ASR Vermogensbeheer N.V. increased its stake in Union Pacific Corporation by 4.8%, acquiring an additional 2,432 shares during the second quarter, bringing its total holdings to 53,624 shares valued at $12,337,000.
• Union Pacific recently announced a quarterly dividend increase to $1.38 per share, up from $1.34, reflecting a 2.4% yield on an annualized basis.
• The company's stock has a market capitalization of $139.23 billion and the earnings results for the last quarter reported an EPS of $3.03, exceeding analyst expectations.

ASR Vermogensbeheer N.V. boosted its stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 4.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,624 shares of the railroad operator's stock after purchasing an additional 2,432 shares during the quarter. ASR Vermogensbeheer N.V.'s holdings in Union Pacific were worth $12,337,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of UNP. Cliftonlarsonallen Wealth Advisors LLC acquired a new stake in shares of Union Pacific during the 2nd quarter worth about $2,383,000. Gold Investment Management Ltd. raised its holdings in Union Pacific by 0.5% in the 2nd quarter. Gold Investment Management Ltd. now owns 20,455 shares of the railroad operator's stock valued at $4,773,000 after acquiring an additional 103 shares during the period. Naples Global Advisors LLC lifted its position in Union Pacific by 1.2% during the second quarter. Naples Global Advisors LLC now owns 9,884 shares of the railroad operator's stock worth $2,274,000 after acquiring an additional 116 shares during the last quarter. Pure Financial Advisors LLC bought a new stake in shares of Union Pacific during the second quarter worth approximately $660,000. Finally, SOA Wealth Advisors LLC. boosted its holdings in shares of Union Pacific by 32.9% during the second quarter. SOA Wealth Advisors LLC. now owns 9,589 shares of the railroad operator's stock worth $2,206,000 after acquiring an additional 2,376 shares during the period. 80.38% of the stock is owned by institutional investors.

Union Pacific Trading Down 0.7%

UNP opened at $234.77 on Thursday. The stock has a market capitalization of $139.23 billion, a price-to-earnings ratio of 20.40, a P/E/G ratio of 2.46 and a beta of 1.07. 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 Corporation has a twelve month low of $204.66 and a twelve month high of $256.84. The company has a 50-day simple moving average of $223.15 and a 200 day simple moving average of $224.61.

Union Pacific (NYSE:UNP - Get Free Report) last released its earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, beating the consensus estimate of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The firm had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same period last year, the firm earned $2.74 EPS. The business's quarterly revenue was up 2.4% compared to the same quarter last year. Analysts predict that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th were paid a dividend of $1.38 per share. The ex-dividend date was Friday, August 29th. This is a boost from Union Pacific's previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a yield of 2.4%. Union Pacific's dividend payout ratio is currently 47.96%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on UNP. Citigroup upgraded Union Pacific from a "neutral" rating to a "buy" rating and increased their target price for the stock from $250.00 to $251.00 in a research note on Monday, September 15th. Robert W. Baird assumed coverage on Union Pacific in a report on Tuesday, July 1st. They set a "neutral" rating and a $231.00 target price for the company. BMO Capital Markets boosted their target price on shares of Union Pacific from $270.00 to $277.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. UBS Group raised their price target on shares of Union Pacific from $238.00 to $240.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Finally, Royal Bank Of Canada boosted their price objective on shares of Union Pacific from $257.00 to $276.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. One research 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $260.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.