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Union Pacific Corporation $UNP Stock Holdings Increased by Ieq Capital LLC

Union Pacific logo with Transportation background

Key Points

  • Ieq Capital LLC increased its holdings in Union Pacific Corporation by 5.6% during the first quarter, owning 34,330 shares worth approximately $8.11 million.
  • Union Pacific recently declared a quarterly dividend of $1.38 per share, an increase from the previous dividend of $1.34, representing a 2.5% yield for shareholders.
  • The company's stock performance shows a current market cap of $131.90 billion with a notable 52-week range of $204.66 to $258.07.
  • MarketBeat previews the top five stocks to own by October 1st.

Ieq Capital LLC raised its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 5.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,330 shares of the railroad operator's stock after purchasing an additional 1,808 shares during the quarter. Ieq Capital LLC's holdings in Union Pacific were worth $8,110,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC boosted its holdings in Union Pacific by 103.5% in the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock valued at $27,000 after purchasing an additional 59 shares during the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in Union Pacific in the first quarter valued at $32,000. Cornerstone Planning Group LLC boosted its holdings in Union Pacific by 50.5% in the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock valued at $37,000 after purchasing an additional 56 shares during the last quarter. IMA Advisory Services Inc. purchased a new stake in Union Pacific in the first quarter valued at $43,000. Finally, Y.D. More Investments Ltd purchased a new stake in Union Pacific in the first quarter valued at $55,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Price Performance

Shares of NYSE:UNP traded down $2.06 during trading on Tuesday, reaching $221.51. The company had a trading volume of 1,979,505 shares, compared to its average volume of 3,416,675. The firm's fifty day moving average is $226.98 and its 200 day moving average is $227.56. The firm has a market capitalization of $131.36 billion, a PE ratio of 19.24, a price-to-earnings-growth ratio of 2.17 and a beta of 1.03. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $258.07. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65.

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

Union Pacific Increases Dividend

The firm also recently announced 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 represents a $5.52 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, August 29th. This is an increase from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's payout ratio is presently 47.96%.

Analyst Ratings Changes

Several equities research analysts have commented on UNP shares. Wells Fargo & Company upped their price target on shares of Union Pacific from $250.00 to $260.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Argus lowered shares of Union Pacific from a "buy" rating to a "hold" rating in a research note on Tuesday, August 12th. Evercore ISI lowered their target price 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. Citigroup lowered shares of Union Pacific from a "strong-buy" rating to a "hold" rating and lowered their target price for the stock from $270.00 to $250.00 in a research note on Wednesday, July 30th. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of Union Pacific in a research note on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $258.21.

Read Our Latest Stock Report on UNP

Union Pacific Company Profile

(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

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

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