Bowen Hanes & Co. Inc. Has $70.77 Million Position in Union Pacific Corporation $UNP

Key Points

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Bowen Hanes & Co. Inc. raised its stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 3.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 299,548 shares of the railroad operator's stock after buying an additional 9,860 shares during the period. Union Pacific comprises about 2.0% of Bowen Hanes & Co. Inc.'s investment portfolio, making the stock its 17th biggest holding. Bowen Hanes & Co. Inc. owned 0.05% of Union Pacific worth $70,765,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Highline Wealth Partners LLC raised its holdings in shares of Union Pacific by 103.5% during the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock valued at $27,000 after purchasing an additional 59 shares in the last quarter. Financial Gravity Asset Management Inc. bought a new position in Union Pacific in the 1st quarter worth $32,000. Cornerstone Planning Group LLC raised its holdings in Union Pacific by 50.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock worth $37,000 after acquiring an additional 56 shares during the period. IMA Advisory Services Inc. bought a new position in Union Pacific in the 1st quarter worth $43,000. Finally, Y.D. More Investments Ltd bought a new position in Union Pacific in the 1st quarter worth $55,000. Institutional investors and hedge funds own 80.38% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Stephens dropped their target price on shares of Union Pacific from $275.00 to $255.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Raymond James Financial reiterated a "strong-buy" rating on shares of Union Pacific in a report on Tuesday, July 15th. Wells Fargo & Company raised their price target on shares of Union Pacific from $250.00 to $260.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Royal Bank Of Canada raised their price target on shares of Union Pacific from $257.00 to $276.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Finally, Robert W. Baird started coverage on shares of Union Pacific in a research report on Tuesday, July 1st. They issued a "neutral" rating and a $231.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Union Pacific currently has a consensus rating of "Moderate Buy" and an average price target of $258.21.

Union Pacific Price Performance

NYSE:UNP opened at $219.90 on Tuesday. The firm has a market cap of $130.41 billion, a PE ratio of 19.11, a price-to-earnings-growth ratio of 2.14 and a beta of 1.05. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $258.07. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. The company's 50-day moving average price is $226.97 and its two-hundred day moving average price is $229.09.

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

Union Pacific Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be given a dividend of $1.38 per share. The ex-dividend date is Friday, August 29th. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.5%. Union Pacific's dividend payout ratio (DPR) is currently 46.57%.

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.

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