Swedbank AB Buys 5,235 Shares of Union Pacific Corporation $UNP

Key Points

• Swedbank AB has increased its stake in Union Pacific Corporation by 3.8% during the second quarter, acquiring 5,235 shares, bringing its total holdings to 142,232 shares valued at approximately $32.7 million.
• Union Pacific reported $3.03 EPS in its latest quarterly earnings, exceeding expectations, with revenue reaching $6.15 billion, a growth of 2.4% year-over-year.
• The company announced a quarterly dividend increase from $1.34 to $1.38 per share, reflecting confidence in its financial stability, with a current dividend yield of 2.5%.

Swedbank AB increased its holdings in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 3.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 142,232 shares of the railroad operator's stock after acquiring an additional 5,235 shares during the quarter. Swedbank AB's holdings in Union Pacific were worth $32,725,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Highline Wealth Partners LLC boosted 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. CBIZ Investment Advisory Services LLC increased its stake in shares of Union Pacific by 1,400.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator's stock valued at $28,000 after acquiring an additional 112 shares in the last quarter. Financial Gravity Asset Management Inc. bought a new stake in shares of Union Pacific in the 1st quarter valued at $32,000. WPG Advisers LLC bought a new stake in Union Pacific during the 1st quarter valued at $33,000. Finally, Cornerstone Planning Group LLC raised its holdings in shares of 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. 80.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Robert W. Baird assumed coverage on shares of Union Pacific in a report on Tuesday, July 1st. They issued a "neutral" rating and a $231.00 price target on the stock. Argus cut Union Pacific from a "buy" rating to a "hold" rating in a research report on Tuesday, August 12th. Royal Bank Of Canada upped their price objective on shares of Union Pacific from $257.00 to $276.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Jefferies Financial Group upgraded shares of Union Pacific from a "hold" rating to a "buy" rating and upped their price objective for the stock from $250.00 to $285.00 in a research report on Friday, July 25th. Finally, Susquehanna reduced their price target on shares of Union Pacific from $260.00 to $257.00 and set a "positive" rating on the stock in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Union Pacific currently has an average rating of "Moderate Buy" and an average target price of $259.38.

Union Pacific Stock Up 0.6%

Union Pacific stock traded up $1.44 on Tuesday, hitting $227.29. 1,005,614 shares of the stock traded hands, compared to its average volume of 3,541,974. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. The business's fifty day simple moving average is $222.51 and its 200 day simple moving average is $224.70. The firm has a market cap of $134.79 billion, a P/E ratio of 19.77, a price-to-earnings-growth ratio of 2.14 and a beta of 1.03.

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, beating 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 firm had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.09 billion. During the same period last year, the company earned $2.74 earnings per share. The company's revenue was up 2.4% on a year-over-year basis. As a group, sell-side analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be issued a dividend of $1.38 per share. The ex-dividend date is Friday, August 29th. This is a boost from Union Pacific's previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. Union Pacific's dividend payout ratio is 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.