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Clifford Swan Investment Counsel LLC Increases Stock Position in Union Pacific Corporation (NYSE:UNP)

Union Pacific logo with Transportation background

Clifford Swan Investment Counsel LLC lifted its stake in Union Pacific Corporation (NYSE:UNP - Free Report) by 3.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,836 shares of the railroad operator's stock after purchasing an additional 1,817 shares during the period. Clifford Swan Investment Counsel LLC's holdings in Union Pacific were worth $13,427,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of UNP. Proficio Capital Partners LLC lifted its position in shares of Union Pacific by 46.1% in the 4th quarter. Proficio Capital Partners LLC now owns 2,211 shares of the railroad operator's stock worth $504,000 after purchasing an additional 698 shares during the period. Quantbot Technologies LP increased its stake in Union Pacific by 117.5% during the 4th quarter. Quantbot Technologies LP now owns 12,818 shares of the railroad operator's stock valued at $2,923,000 after purchasing an additional 6,925 shares in the last quarter. Virtu Financial LLC bought a new stake in Union Pacific during the 4th quarter valued at about $350,000. Sei Investments Co. grew its stake in shares of Union Pacific by 8.3% in the fourth quarter. Sei Investments Co. now owns 262,987 shares of the railroad operator's stock worth $59,971,000 after acquiring an additional 20,147 shares during the period. Finally, AXQ Capital LP bought a new stake in shares of Union Pacific in the fourth quarter worth approximately $407,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Barclays raised their price objective on shares of Union Pacific from $260.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Susquehanna raised shares of Union Pacific from a "neutral" rating to a "positive" rating and raised their price objective for the stock from $245.00 to $260.00 in a report on Tuesday, June 24th. Jefferies Financial Group dropped their price objective on shares of Union Pacific from $255.00 to $230.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Wells Fargo & Company lowered their price target on shares of Union Pacific from $265.00 to $260.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of Union Pacific in a report on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $257.75.

Check Out Our Latest Research Report on Union Pacific

Union Pacific Stock Performance

NYSE:UNP traded up $1.61 during midday trading on Monday, hitting $226.48. The company's stock had a trading volume of 198,970 shares, compared to its average volume of 3,020,204. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $258.07. The firm's 50 day moving average is $227.52 and its 200-day moving average is $231.19. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.73 and a quick ratio of 0.61. The firm has a market cap of $135.32 billion, a P/E ratio of 20.40, a P/E/G ratio of 2.25 and a beta of 1.05.

Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The railroad operator reported $2.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.73 by ($0.03). The company had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.11 billion. Union Pacific had a net margin of 27.76% and a return on equity of 40.80%. Union Pacific's revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.69 EPS. Equities analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be issued a $1.38 dividend. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a yield of 2.44%. The ex-dividend date is Friday, August 29th. Union Pacific's payout ratio is 48.29%.

About Union Pacific

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding UNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Pacific Corporation (NYSE:UNP - Free Report).

Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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.

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