Mirova Purchases 1,634 Shares of Union Pacific Corporation $UNP

Key Points

• Mirova increased its stake in Union Pacific Corporation by 6.1%, acquiring an additional 1,634 shares during the first quarter, bringing its total holdings to 28,479 shares.
• Union Pacific announced a quarterly dividend of $1.38, up from the previous $1.34, resulting in a 2.4% dividend yield.
• Analysts have mixed opinions on Union Pacific, with ratings ranging from "Strong Buy" to "Sell," and a consensus target price of $258.21.

Mirova grew its position in Union Pacific Corporation (NYSE:UNP - Free Report) by 6.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,479 shares of the railroad operator's stock after acquiring an additional 1,634 shares during the quarter. Union Pacific accounts for 1.2% of Mirova's portfolio, making the stock its 19th biggest holding. Mirova's holdings in Union Pacific were worth $6,728,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Highline Wealth Partners LLC increased its stake in Union Pacific by 103.5% in the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock worth $27,000 after acquiring an additional 59 shares during the last quarter. Financial Gravity Asset Management Inc. bought a new position in shares of Union Pacific during the 1st quarter valued at approximately $32,000. Cornerstone Planning Group LLC increased its position in shares of Union Pacific by 50.5% during the 1st 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. bought a new position in shares of Union Pacific during the 1st quarter valued at approximately $43,000. Finally, Y.D. More Investments Ltd bought a new position in shares of Union Pacific during the 1st quarter valued at approximately $55,000. Institutional investors own 80.38% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on UNP shares. Barclays downgraded Union Pacific from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, July 30th. Sanford C. Bernstein boosted 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. Royal Bank Of Canada boosted their target price on Union Pacific from $257.00 to $276.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Raymond James Financial reissued a "strong-buy" rating on shares of Union Pacific in a research report on Tuesday, July 15th. Finally, UBS Group boosted their target price on Union Pacific from $238.00 to $240.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $258.21.

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $227.4770 on Friday. The stock's fifty day moving average is $226.99 and its two-hundred day moving average is $228.69. The company has a market capitalization of $134.90 billion, a PE ratio of 19.76, a price-to-earnings-growth ratio of 2.21 and a beta of 1.05. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $258.07.

Union Pacific (NYSE:UNP - Get Free Report) last issued 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. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The business had revenue of $6.15 billion during the quarter, compared to analysts' expectations of $6.09 billion. During the same period in the prior year, the business earned $2.74 EPS. The business's revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be issued a $1.38 dividend. The ex-dividend date is Friday, August 29th. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. 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.

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