Penserra Capital Management LLC Has $727,000 Stake in Union Pacific Corporation (NYSE:UNP)

Penserra Capital Management LLC lifted its stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 94.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,081 shares of the railroad operator's stock after purchasing an additional 1,494 shares during the quarter. Penserra Capital Management LLC's holdings in Union Pacific were worth $727,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fiduciary Trust Co raised its stake in shares of Union Pacific by 2.8% during the fourth quarter. Fiduciary Trust Co now owns 102,213 shares of the railroad operator's stock valued at $23,309,000 after purchasing an additional 2,807 shares in the last quarter. Sherbrooke Park Advisers LLC bought a new stake in shares of Union Pacific during the fourth quarter valued at about $781,000. Meadow Creek Wealth Advisors LLC grew its holdings in Union Pacific by 10.9% during the first quarter. Meadow Creek Wealth Advisors LLC now owns 3,666 shares of the railroad operator's stock worth $866,000 after acquiring an additional 359 shares during the period. GAMMA Investing LLC grew its holdings in Union Pacific by 16.8% during the first quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator's stock worth $2,491,000 after acquiring an additional 1,520 shares during the period. Finally, Truist Financial Corp grew its holdings in Union Pacific by 2.7% during the first quarter. Truist Financial Corp now owns 968,061 shares of the railroad operator's stock worth $228,695,000 after acquiring an additional 25,900 shares during the period. 80.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on UNP shares. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Union Pacific in a report on Friday, April 25th. Morgan Stanley lowered their target price on Union Pacific from $220.00 to $215.00 and set an "equal weight" rating on the stock in a report on Monday, July 7th. Robert W. Baird started coverage on Union Pacific in a report on Tuesday, July 1st. They set a "neutral" rating and a $231.00 target price on the stock. Susquehanna raised Union Pacific from a "neutral" rating to a "positive" rating and lifted their target price for the stock from $245.00 to $260.00 in a report on Tuesday, June 24th. Finally, Citigroup lifted their target price on Union Pacific from $244.00 to $270.00 and gave the stock a "buy" rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $256.63.

Union Pacific Stock Down 0.8%

NYSE:UNP traded down $1.99 on Friday, hitting $235.01. 3,211,722 shares of the company's stock traded hands, compared to its average volume of 2,743,214. The company has a current ratio of 0.73, a quick ratio of 0.61 and a debt-to-equity ratio of 1.91. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $258.07. The firm has a 50-day moving average price of $226.11 and a 200-day moving average price of $231.15. The company has a market cap of $140.41 billion, a PE ratio of 21.17, a price-to-earnings-growth ratio of 2.36 and a beta of 1.05.

Union Pacific (NYSE:UNP - Get Free Report) last released its earnings results on Thursday, April 24th. The railroad operator reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.73 by ($0.03). Union Pacific had a net margin of 27.76% and a return on equity of 40.80%. The business had revenue of $6.03 billion for the quarter, compared to analysts' expectations of $6.11 billion. During the same period last year, the firm earned $2.69 EPS. The company's revenue was down .1% compared to the same quarter last year. Equities analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, May 30th were issued a dividend of $1.34 per share. The ex-dividend date was Friday, May 30th. This represents a $5.36 annualized dividend and a dividend yield of 2.28%. Union Pacific's dividend payout ratio is 48.29%.

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.