Chicago Partners Investment Group LLC Has $6.78 Million Stock Position in Union Pacific Corporation (NYSE:UNP)

Key Points

• Chicago Partners Investment Group LLC increased its holdings in Union Pacific Corporation by 5.4%, owning 28,692 shares valued at approximately $6.78 million as of the latest reporting period.
• Several analysts have upgraded Union Pacific's stock ratings, with price targets raised to as high as $286.00, reflecting the positive outlook for the company.
• Union Pacific recently announced a quarterly dividend increase to $1.38, representing a 2.4% yield, with the ex-dividend date set for August 29th.

Chicago Partners Investment Group LLC lifted its position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 5.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,692 shares of the railroad operator's stock after acquiring an additional 1,482 shares during the quarter. Chicago Partners Investment Group LLC's holdings in Union Pacific were worth $6,778,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Renaissance Technologies LLC boosted its stake in shares of Union Pacific by 112.1% in the 4th quarter. Renaissance Technologies LLC now owns 61,500 shares of the railroad operator's stock valued at $14,024,000 after purchasing an additional 32,500 shares during the last quarter. Faithward Advisors LLC lifted its holdings in Union Pacific by 27.1% in the fourth quarter. Faithward Advisors LLC now owns 1,883 shares of the railroad operator's stock valued at $429,000 after buying an additional 402 shares during the period. Texas Yale Capital Corp. boosted its stake in Union Pacific by 8.5% in the fourth quarter. Texas Yale Capital Corp. now owns 4,775 shares of the railroad operator's stock valued at $1,089,000 after acquiring an additional 375 shares during the last quarter. CenterBook Partners LP acquired a new stake in Union Pacific during the 4th quarter worth $262,000. Finally, F M Investments LLC raised its position in shares of Union Pacific by 30.0% during the 4th quarter. F M Investments LLC now owns 24,868 shares of the railroad operator's stock valued at $5,671,000 after acquiring an additional 5,746 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wells Fargo & Company raised their price target on 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 target price on Union Pacific from $257.00 to $276.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Jefferies Financial Group raised Union Pacific from a "hold" rating to a "buy" rating and upped their price target for the company from $250.00 to $285.00 in a research note on Friday, July 25th. Argus raised shares of Union Pacific to a "strong-buy" rating in a research note on Friday, May 16th. Finally, Sanford C. Bernstein upped their target price on shares of Union Pacific from $271.00 to $286.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $258.21.

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $225.50 on Thursday. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. The firm has a market cap of $133.73 billion, a price-to-earnings ratio of 19.59, a price-to-earnings-growth ratio of 2.17 and a beta of 1.05. The stock's 50-day moving average is $227.07 and its 200-day moving average is $230.66. Union Pacific Corporation has a one year low of $204.66 and a one year high of $258.07.

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

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be given a $1.38 dividend. This is a boost 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 2.4%. The ex-dividend date of this dividend is Friday, August 29th. Union Pacific's payout ratio is presently 46.57%.

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.

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