Hilltop National Bank Invests $729,000 in Union Pacific Corporation $UNP

Key Points

• Hilltop National Bank has invested approximately $729,000 in Union Pacific Corporation by purchasing 3,168 shares in the 2nd quarter.
• Recent analyst ratings show a mix of sentiments, with one Strong Buy rating, fifteen Buy ratings, and ten Hold ratings, along with a consensus target price of $260.00.
• Union Pacific has declared a quarterly dividend of $1.38 per share, an increase from the previous $1.34, representing an annualized yield of 2.4%.

Hilltop National Bank bought a new position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,168 shares of the railroad operator's stock, valued at approximately $729,000.

Other hedge funds have also modified their holdings of the company. Nuveen LLC purchased a new position in Union Pacific in the 1st quarter valued at about $988,822,000. Goldman Sachs Group Inc. lifted its stake in Union Pacific by 29.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,699,109 shares of the railroad operator's stock valued at $873,878,000 after buying an additional 850,025 shares in the last quarter. Auto Owners Insurance Co lifted its stake in Union Pacific by 61,054.6% in the 1st quarter. Auto Owners Insurance Co now owns 625,000 shares of the railroad operator's stock valued at $147,650,000 after buying an additional 623,978 shares in the last quarter. Menora Mivtachim Holdings LTD. purchased a new position in Union Pacific in the 1st quarter valued at about $115,096,000. Finally, Canada Pension Plan Investment Board lifted its stake in 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 buying an additional 452,788 shares in the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on UNP shares. Baird R W raised shares of Union Pacific to a "hold" rating in a research note on Tuesday, July 1st. Barclays lowered shares of Union Pacific from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, July 30th. Evercore ISI decreased their price target on shares of Union Pacific from $244.00 to $238.00 and set an "in-line" rating on the stock in a research note on Friday, July 25th. Sanford C. Bernstein increased their price objective on shares of Union Pacific from $271.00 to $286.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Finally, Morgan Stanley cut their price objective on shares of Union Pacific from $220.00 to $215.00 and set an "equal weight" rating for the company in a report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Union Pacific has a consensus rating of "Moderate Buy" and a consensus target price of $260.00.

Union Pacific Stock Down 0.0%

Shares of NYSE UNP opened at $234.65 on Friday. The company has a 50 day simple moving average of $223.43 and a 200-day simple moving average of $224.59. The company has a market capitalization of $139.16 billion, a P/E ratio of 20.39, a P/E/G ratio of 2.45 and a beta of 1.07. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84.

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

Union Pacific Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were issued a dividend of $1.38 per share. The ex-dividend date was Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.4%. This is an increase from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's payout ratio is 47.96%.

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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