Glenview Trust co Raises Holdings in Union Pacific Corporation $UNP

Key Points

• Glenview Trust Co increased its stock position in Union Pacific Corporation by 2.2%, owning 132,567 shares valued at approximately $31.32 million as of the latest SEC filing.
• Institutional investors hold an impressive 80.38% of Union Pacific's stock, with significant increases in holdings reported by firms like Janus Henderson Group PLC and MJP Associates Inc.
• Union Pacific recently raised its quarterly dividend to $1.38 per share, reflecting a strong dividend yield of 2.6% and a suitable payout ratio of 47.96%.

Glenview Trust co lifted its position in Union Pacific Corporation (NYSE:UNP - Free Report) by 2.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 132,567 shares of the railroad operator's stock after buying an additional 2,903 shares during the quarter. Glenview Trust co's holdings in Union Pacific were worth $31,318,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Northern Trust Corp raised its holdings in shares of Union Pacific by 2.0% in the 1st quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator's stock valued at $1,678,575,000 after buying an additional 142,732 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Union Pacific by 5.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,949,345 shares of the railroad operator's stock worth $1,641,715,000 after acquiring an additional 354,463 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Union Pacific by 1.7% in the 1st quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator's stock valued at $1,206,191,000 after purchasing an additional 86,292 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Union Pacific by 35.2% in 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 purchasing an additional 1,294,643 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in shares of Union Pacific by 10.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator's stock valued at $1,092,893,000 after purchasing an additional 452,788 shares during the period. Hedge funds and other institutional investors own 80.38% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on UNP shares. Sanford C. Bernstein upped their target price on Union Pacific from $271.00 to $286.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. The Goldman Sachs Group reissued a "neutral" rating and issued a $263.00 target price on shares of Union Pacific in a research report on Monday, June 2nd. Robert W. Baird started coverage on Union Pacific in a research report on Tuesday, July 1st. They issued a "neutral" rating and a $231.00 target price for the company. Morgan Stanley decreased their target price on Union Pacific from $220.00 to $215.00 and set an "equal weight" rating for the company in a research report on Monday, July 7th. Finally, Royal Bank Of Canada upped their price objective on Union Pacific from $257.00 to $276.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Union Pacific has a consensus rating of "Moderate Buy" and a consensus price target of $258.21.

Union Pacific Stock Performance

UNP traded down $1.31 on Friday, hitting $214.73. 6,207,235 shares of the company traded hands, compared to its average volume of 4,172,178. The company has a 50 day moving average of $224.46 and a 200-day moving average of $226.06. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $127.34 billion, a PE ratio of 18.66, a PEG ratio of 2.10 and a beta of 1.03. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, beating the consensus estimate 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 was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.74 EPS. Sell-side analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be paid a dividend of $1.38 per share. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. The ex-dividend date of this dividend is Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.6%. Union Pacific's dividend payout ratio (DPR) is currently 47.96%.

About Union Pacific

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.