Cornerstone Advisors LLC trimmed its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 30.9% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 59,530 shares of the railroad operator's stock after selling 26,585 shares during the period. Cornerstone Advisors LLC's holdings in Union Pacific were worth $16,192,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Union Pacific by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 59,329,262 shares of the railroad operator's stock worth $13,724,045,000 after buying an additional 659,378 shares during the last quarter. State Street Corp raised its stake in Union Pacific by 4.3% during the 4th quarter. State Street Corp now owns 26,330,080 shares of the railroad operator's stock valued at $6,090,674,000 after acquiring an additional 1,082,285 shares during the last quarter. Capital World Investors raised its stake in Union Pacific by 92.1% during the 4th quarter. Capital World Investors now owns 20,136,349 shares of the railroad operator's stock valued at $4,658,142,000 after acquiring an additional 9,655,306 shares during the last quarter. Geode Capital Management LLC lifted its position in Union Pacific by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 15,360,668 shares of the railroad operator's stock worth $3,552,550,000 after acquiring an additional 296,814 shares during the period. Finally, Bank of America Corp DE lifted its position in Union Pacific by 16.8% during the 1st quarter. Bank of America Corp DE now owns 14,463,071 shares of the railroad operator's stock worth $3,509,030,000 after acquiring an additional 2,084,808 shares during the period. 80.38% of the stock is owned by hedge funds and other institutional investors.
Union Pacific Price Performance
Shares of NYSE:UNP opened at $301.69 on Thursday. The business's 50 day simple moving average is $284.87 and its 200-day simple moving average is $266.83. The firm has a market capitalization of $179.23 billion, a price-to-earnings ratio of 24.43, a price-to-earnings-growth ratio of 3.05 and a beta of 0.96. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.82. Union Pacific Corporation has a 12 month low of $210.84 and a 12 month high of $315.99.
Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, beating the consensus estimate of $3.26 by $0.15. The firm had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.72 billion. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.Union Pacific's quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the business posted $3.03 EPS. As a group, equities analysts forecast that Union Pacific Corporation will post 12.93 earnings per share for the current fiscal year.
Union Pacific Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be paid a dividend of $1.42 per share. This is a boost from Union Pacific's previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 annualized dividend and a dividend yield of 1.9%. Union Pacific's dividend payout ratio is presently 44.70%.
Insider Activity at Union Pacific
In related news, EVP Eric J. Gehringer sold 2,991 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total value of $789,504.36. Following the sale, the executive vice president directly owned 43,012 shares of the company's stock, valued at approximately $11,353,447.52. This represents a 6.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.22% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
UNP has been the topic of several analyst reports. Stephens upgraded Union Pacific to a "strong-buy" rating in a research note on Wednesday, July 8th. UBS Group restated a "neutral" rating and set a $310.00 price target (up from $286.00) on shares of Union Pacific in a research note on Friday, July 24th. Weiss Ratings raised Union Pacific from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, July 24th. TD Cowen reiterated a "buy" rating and issued a $325.00 price objective (up from $282.00) on shares of Union Pacific in a research report on Friday, July 24th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Union Pacific from $304.00 to $334.00 and gave the company a "neutral" rating in a research note on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $320.89.
View Our Latest Stock Report on UNP
Union Pacific Company Profile
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Free Report)
Union Pacific Corporation NYSE: UNP is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.
Union Pacific's core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.
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