O Keefe Stevens Advisory Inc. Raises Holdings in Union Pacific Corporation $UNP

Key Points

• O Keefe Stevens Advisory Inc. increased its holdings in Union Pacific Corporation by 13.0% during the second quarter, making it one of their largest investments valued at $6,012,000.
• Multiple large investors have modified their positions in Union Pacific, with 80.38% of the company's stock now owned by institutional investors.
• Union Pacific recently increased its quarterly dividend to $1.38, resulting in an annualized dividend yield of 2.3%, reflecting the company's commitment to returning value to shareholders.

O Keefe Stevens Advisory Inc. lifted its holdings in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 13.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 26,132 shares of the railroad operator's stock after acquiring an additional 3,000 shares during the period. Union Pacific makes up approximately 1.7% of O Keefe Stevens Advisory Inc.'s investment portfolio, making the stock its 19th largest holding. O Keefe Stevens Advisory Inc.'s holdings in Union Pacific were worth $6,012,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of UNP. Northern Trust Corp lifted its holdings in shares of Union Pacific by 2.0% during the first quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator's stock worth $1,678,575,000 after purchasing an additional 142,732 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Union Pacific by 5.4% during the first 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 purchasing an additional 354,463 shares during the period. Royal Bank of Canada lifted its holdings in shares of Union Pacific by 1.7% during the first quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator's stock worth $1,206,191,000 after purchasing an additional 86,292 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of Union Pacific by 10.8% during the first quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator's stock worth $1,092,893,000 after purchasing an additional 452,788 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Union Pacific during the first quarter worth about $988,822,000. Hedge funds and other institutional investors own 80.38% of the company's stock.

Analyst Ratings Changes

UNP has been the subject of a number of research reports. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Union Pacific in a report on Saturday, September 27th. Argus downgraded Union Pacific from a "buy" rating to a "hold" rating in a report on Tuesday, August 12th. Citigroup raised Union Pacific from a "neutral" rating to a "buy" rating and boosted their price target for the company from $250.00 to $251.00 in a report on Monday, September 15th. Barclays downgraded Union Pacific from an "overweight" rating to an "equal weight" rating in a report on Wednesday, July 30th. Finally, Jefferies Financial Group raised Union Pacific from a "hold" rating to a "buy" rating and boosted their price target for the company from $250.00 to $285.00 in a report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, Union Pacific has a consensus rating of "Moderate Buy" and an average price target of $260.54.

Union Pacific Stock Up 0.9%

Union Pacific stock opened at $236.60 on Friday. The stock has a market capitalization of $140.33 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 2.47 and a beta of 1.07. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84. The business has a 50 day simple moving average of $223.67 and a 200-day simple moving average of $224.51. 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 (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 analysts' consensus estimates of $2.84 by $0.19. The business had revenue of $6.15 billion during the quarter, compared to analysts' expectations of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The business's revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.74 earnings per share. On average, analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.3%. This is a boost from Union Pacific's previous quarterly dividend of $1.34. The ex-dividend date was Friday, August 29th. Union Pacific's dividend payout ratio (DPR) is presently 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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