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Invesco Ltd. Has $1.34 Billion Stock Holdings in Union Pacific Corporation (NYSE:UNP)

Union Pacific logo with Transportation background

Key Points

  • Invesco Ltd. has reduced its stake in Union Pacific Corporation by 11.8%, selling 757,954 shares during the first quarter, leaving them with 5,681,907 shares valued at approximately $1.34 billion.
  • Union Pacific has announced a quarterly dividend increase from $1.34 to $1.38 per share, representing a dividend yield of 2.5% with a payout ratio of 46.57%.
  • Analysts have set varying price targets for Union Pacific with a consensus rating of "Moderate Buy" and an average target price of $258.21, highlighting a mix of optimistic and cautious outlooks.
  • Looking to export and analyze Union Pacific data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Invesco Ltd. lessened its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 11.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,681,907 shares of the railroad operator's stock after selling 757,954 shares during the period. Invesco Ltd. owned 0.95% of Union Pacific worth $1,342,294,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Highline Wealth Partners LLC increased its position in Union Pacific by 103.5% during the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock worth $27,000 after buying an additional 59 shares during the period. Financial Gravity Asset Management Inc. bought a new position in Union Pacific during the 1st quarter worth $32,000. Cornerstone Planning Group LLC increased its position in Union Pacific by 50.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock worth $37,000 after buying an additional 56 shares during the period. Strategic Investment Solutions Inc. IL increased its position in Union Pacific by 38.8% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator's stock worth $39,000 after buying an additional 45 shares during the period. Finally, IMA Advisory Services Inc. bought a new position in Union Pacific during the 1st quarter worth $43,000. Institutional investors own 80.38% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on UNP. Argus cut Union Pacific from a "buy" rating to a "hold" rating in a research report on Tuesday. Wells Fargo & Company increased their price objective on Union Pacific from $250.00 to $260.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. UBS Group increased their price objective on Union Pacific from $238.00 to $240.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Royal Bank Of Canada increased their price objective on Union Pacific from $257.00 to $276.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Finally, Evercore ISI lowered their price objective on Union Pacific from $244.00 to $238.00 and set an "in-line" rating on the stock in a research report on Friday, July 25th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $258.21.

Read Our Latest Analysis on Union Pacific

Union Pacific Price Performance

NYSE:UNP traded down $1.56 during trading hours on Thursday, hitting $221.62. The company's stock had a trading volume of 6,245,623 shares, compared to its average volume of 5,492,426. The stock has a fifty day simple moving average of $227.11 and a 200-day simple moving average of $229.77. The company has a market capitalization of $131.43 billion, a P/E ratio of 19.25, a PEG ratio of 2.17 and a beta of 1.05. 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 twelve month low of $204.66 and a twelve month high of $258.07.

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

Union Pacific Increases Dividend

The company also recently declared 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. 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 dividend on an annualized basis and a dividend yield of 2.5%. Union Pacific's payout ratio is 46.57%.

About Union Pacific

(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.

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

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