Summit Financial LLC Has $4.33 Million Position in Union Pacific Corporation $UNP

Key Points

• Summit Financial LLC increased its position in Union Pacific Corporation by 6.8%, boosting its holdings to $4.33 million in value after acquiring additional shares during the quarter.
• Union Pacific has recently announced a quarterly dividend of $1.38, which translates to an annual yield of 2.5%, marking an increase from the previous quarter's dividend.
• Investment analysts have mixed ratings for Union Pacific, with an average rating of "Moderate Buy" and a current target price of $258.21.

Summit Financial LLC boosted its stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 6.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,318 shares of the railroad operator's stock after buying an additional 1,164 shares during the quarter. Summit Financial LLC's holdings in Union Pacific were worth $4,327,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Northern Trust Corp lifted its holdings in Union Pacific by 2.0% during the 1st quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator's stock worth $1,678,575,000 after buying an additional 142,732 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Union Pacific by 5.4% during the 1st 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 buying an additional 354,463 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Union Pacific by 35.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,968,658 shares of the railroad operator's stock valued at $1,133,053,000 after purchasing an additional 1,294,643 shares during the period. Nuveen Asset Management LLC lifted its stake in shares of Union Pacific by 2.1% in the 4th quarter. Nuveen Asset Management LLC now owns 4,372,636 shares of the railroad operator's stock valued at $997,136,000 after purchasing an additional 89,199 shares during the period. Finally, Nuveen LLC acquired a new position in shares of Union Pacific in the 1st quarter valued at about $988,822,000. 80.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Baird R W raised Union Pacific to a "hold" rating in a research note on Tuesday, July 1st. Robert W. Baird assumed coverage on Union Pacific in a research note on Tuesday, July 1st. They issued a "neutral" rating and a $231.00 price objective on the stock. Raymond James Financial reissued a "strong-buy" rating on shares of Union Pacific in a research note on Tuesday, July 15th. Barclays downgraded Union Pacific from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, July 30th. Finally, Morgan Stanley dropped their price objective on Union Pacific from $220.00 to $215.00 and set an "equal weight" rating on the stock in a research note on Monday, July 7th. 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 given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $258.21.

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $225.1270 on Friday. Union Pacific Corporation has a one year low of $204.66 and a one year high of $258.07. The firm has a market capitalization of $133.51 billion, a price-to-earnings ratio of 19.56, a PEG ratio of 2.19 and a beta of 1.05. The business has a 50-day simple moving average of $226.91 and a 200 day simple moving average of $228.91. 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 issued its 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 business had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.09 billion. During the same period in the previous year, the company posted $2.74 EPS. The firm's revenue was up 2.4% compared to the same quarter last year. On average, research analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.5%. 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. Union Pacific's dividend payout ratio is presently 46.57%.

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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