Union Pacific Corporation (NYSE:UNP) Holdings Raised by Norden Group LLC

Key Points

• Norden Group LLC increased its holdings in Union Pacific Corporation by 280.8% in the first quarter, acquiring a total of 5,875 shares valued at approximately $1.39 million.
• Union Pacific's quarterly earnings report revealed earnings per share of $3.03, surpassing analysts' estimates, along with a revenue of $6.15 billion, marking a 2.4% increase year-over-year.
• The company announced a dividend increase to $1.38 per share, which translates to an annualized rate of $5.52 and a dividend yield of 2.41%.

Norden Group LLC grew its position in Union Pacific Corporation (NYSE:UNP - Free Report) by 280.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,875 shares of the railroad operator's stock after acquiring an additional 4,332 shares during the quarter. Norden Group LLC's holdings in Union Pacific were worth $1,388,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Shoker Investment Counsel Inc. boosted its position in Union Pacific by 1.6% during the 1st quarter. Shoker Investment Counsel Inc. now owns 14,494 shares of the railroad operator's stock valued at $3,425,000 after purchasing an additional 222 shares during the period. Nemes Rush Group LLC boosted its position in Union Pacific by 3.7% during the 1st quarter. Nemes Rush Group LLC now owns 55,220 shares of the railroad operator's stock valued at $13,045,000 after purchasing an additional 1,955 shares during the period. First National Advisers LLC boosted its position in Union Pacific by 2.9% during the 1st quarter. First National Advisers LLC now owns 5,553 shares of the railroad operator's stock valued at $1,312,000 after purchasing an additional 159 shares during the period. TCW Group Inc. boosted its position in Union Pacific by 11.3% during the 1st quarter. TCW Group Inc. now owns 73,422 shares of the railroad operator's stock valued at $17,345,000 after purchasing an additional 7,453 shares during the period. Finally, LPL Financial LLC boosted its position in Union Pacific by 4.5% during the 1st quarter. LPL Financial LLC now owns 1,173,009 shares of the railroad operator's stock valued at $276,650,000 after purchasing an additional 51,011 shares during the period. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Stock Up 2.0%

NYSE:UNP opened at $229.29 on Tuesday. The firm has a market capitalization of $137.00 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 2.24 and a beta of 1.05. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $258.07. 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 moving average price is $227.17 and its 200 day moving average price is $231.05.

Union Pacific (NYSE:UNP - Get Free Report) last issued 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 for the quarter, compared to analyst estimates of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%. The firm's revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.74 EPS. On average, sell-side analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be given a $1.38 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.41%. This is an increase from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's dividend payout ratio (DPR) is currently 46.57%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Wells Fargo & Company boosted their price objective on Union Pacific from $250.00 to $260.00 and gave the company an "overweight" rating in a research report on Friday. Barclays boosted their price objective on Union Pacific from $260.00 to $270.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Redburn Atlantic upgraded Union Pacific from a "neutral" rating to a "buy" rating and set a $259.00 price target for the company in a research report on Wednesday, April 16th. Baird R W upgraded Union Pacific to a "hold" rating in a research report on Tuesday, July 1st. Finally, BMO Capital Markets boosted their price target on Union Pacific from $270.00 to $277.00 and gave the stock an "outperform" rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $259.46.

Union Pacific Company 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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