Union Pacific Corporation (NYSE:UNP) Stock Holdings Lifted by Cetera Investment Advisers

Key Points

• Cetara Investment Advisers increased its stake in Union Pacific Corporation by 5.6% during the 1st quarter, acquiring an additional 9,576 shares, bringing its total holdings to 182,010 shares valued at $42.99 million.
• Union Pacific recently declared a quarterly dividend of $1.38 per share, marking an increase from the previous quarterly dividend of $1.34, with an annualized dividend yield of 2.46%.
• The company reported a Q2 earnings per share (EPS) of $3.03, exceeding analysts' expectations, alongside a revenue of $6.15 billion, reflecting a 2.4% year-over-year increase.

Cetera Investment Advisers increased its position in Union Pacific Corporation (NYSE:UNP - Free Report) by 5.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 182,010 shares of the railroad operator's stock after buying an additional 9,576 shares during the quarter. Cetera Investment Advisers' holdings in Union Pacific were worth $42,998,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. AssuredPartners Investment Advisors LLC purchased a new position in Union Pacific in the fourth quarter valued at about $305,000. Loomis Sayles & Co. L P raised its position in Union Pacific by 14.0% in the fourth quarter. Loomis Sayles & Co. L P now owns 35,139 shares of the railroad operator's stock valued at $8,013,000 after purchasing an additional 4,302 shares during the period. New Age Alpha Advisors LLC raised its position in Union Pacific by 7,152.9% in the fourth quarter. New Age Alpha Advisors LLC now owns 5,077 shares of the railroad operator's stock valued at $1,158,000 after purchasing an additional 5,007 shares during the period. Pictet Asset Management Holding SA raised its position in Union Pacific by 71.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 596,495 shares of the railroad operator's stock valued at $136,025,000 after purchasing an additional 247,722 shares during the period. Finally, Orion Portfolio Solutions LLC raised its position in Union Pacific by 3.1% in the fourth quarter. Orion Portfolio Solutions LLC now owns 64,511 shares of the railroad operator's stock valued at $14,711,000 after purchasing an additional 1,935 shares during the period. 80.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UNP has been the topic of several research reports. Evercore ISI cut their price objective on Union Pacific from $244.00 to $238.00 and set an "in-line" rating on the stock in a research report on Friday. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $263.00 target price on shares of Union Pacific in a research report on Monday, June 2nd. Bank of America lifted their target price on Union Pacific from $256.00 to $262.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Stephens dropped their target price on Union Pacific from $275.00 to $255.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Finally, BMO Capital Markets lifted their target price on Union Pacific from $270.00 to $277.00 and gave the stock an "outperform" rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $259.46.

Union Pacific Price Performance

UNP traded up $4.55 during trading on Monday, reaching $229.29. The stock had a trading volume of 6,858,377 shares, compared to its average volume of 3,162,405. The firm has a market capitalization of $137.00 billion, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of 2.24 and a beta of 1.05. 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 1-year low of $204.66 and a 1-year high of $258.07. The stock has a 50 day moving average of $227.17 and a two-hundred day moving average of $231.02.

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

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.41%. This is an increase from Union Pacific's previous quarterly dividend of $1.34. The ex-dividend date is Friday, August 29th. Union Pacific's dividend payout ratio is 46.57%.

Union Pacific Company 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.