Everett Harris & Co. CA Raises Stake in Union Pacific Corporation (NYSE:UNP)

Key Points

• Everett Harris & Co. CA increased its stake in Union Pacific Corporation by 4.3%, holding 67,225 shares valued at approximately $15.88 million as of the end of the most recent quarter.
• Union Pacific's stock is currently down 1.3%, with a market cap of $131.96 billion and a P/E ratio of 19.33.
• The company recently declared a quarterly dividend of $1.38 per share, which represents a slight increase from the previous dividend of $1.34.

Everett Harris & Co. CA lifted its position in Union Pacific Corporation (NYSE:UNP - Free Report) by 4.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 67,225 shares of the railroad operator's stock after buying an additional 2,753 shares during the period. Everett Harris & Co. CA's holdings in Union Pacific were worth $15,881,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Research Global Investors lifted its stake in Union Pacific by 14.3% during the 4th quarter. Capital Research Global Investors now owns 10,395,364 shares of the railroad operator's stock valued at $2,370,559,000 after acquiring an additional 1,298,178 shares during the period. Northern Trust Corp lifted its stake in Union Pacific by 15.2% during the 4th quarter. Northern Trust Corp now owns 6,962,650 shares of the railroad operator's stock valued at $1,587,763,000 after acquiring an additional 920,414 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Union Pacific by 1.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,594,882 shares of the railroad operator's stock valued at $1,503,899,000 after acquiring an additional 105,111 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Union Pacific by 35.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,968,658 shares of the railroad operator's stock valued at $1,133,053,000 after acquiring an additional 1,294,643 shares during the period. Finally, Nuveen Asset Management LLC lifted its stake in Union Pacific by 2.1% during the 4th quarter. Nuveen Asset Management LLC now owns 4,372,636 shares of the railroad operator's stock valued at $997,136,000 after acquiring an additional 89,199 shares during the period. Hedge funds and other institutional investors own 80.38% of the company's stock.

Union Pacific Trading Down 0.2%

Union Pacific stock traded down $0.39 during midday trading on Friday, hitting $222.27. 2,345,506 shares of the stock were exchanged, compared to its average volume of 5,336,163. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $258.07. The stock has a market capitalization of $131.82 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 2.17 and a beta of 1.05. The stock's 50-day simple moving average is $227.09 and its 200 day simple moving average is $230.45. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86.

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 for the quarter, topping the consensus estimate of $2.84 by $0.19. The company had revenue of $6.15 billion during 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%. Union Pacific's revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.74 earnings per share. On average, equities analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current 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 paid a $1.38 dividend. The ex-dividend date of this dividend is Friday, August 29th. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a dividend yield of 2.5%. Union Pacific's payout ratio is 46.57%.

Wall Street Analyst Weigh In

UNP has been the subject of several research reports. Stifel Nicolaus decreased their price objective on shares of Union Pacific from $270.00 to $248.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Wells Fargo & Company boosted their target price on shares of Union Pacific from $250.00 to $260.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. UBS Group boosted their target price on shares of Union Pacific from $238.00 to $240.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Bank of America boosted their target price on shares of Union Pacific from $256.00 to $262.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Finally, Argus upgraded shares of Union Pacific to a "strong-buy" rating in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $258.21.

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.