Envestnet Asset Management Inc. Acquires 139,304 Shares of Union Pacific Corporation (NYSE:UNP)

Envestnet Asset Management Inc. raised its stake in Union Pacific Corporation (NYSE:UNP - Free Report) by 6.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,401,864 shares of the railroad operator's stock after buying an additional 139,304 shares during the quarter. Envestnet Asset Management Inc. owned about 0.40% of Union Pacific worth $567,416,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in UNP. Penserra Capital Management LLC boosted its stake in Union Pacific by 94.1% in the 1st quarter. Penserra Capital Management LLC now owns 3,081 shares of the railroad operator's stock worth $727,000 after purchasing an additional 1,494 shares during the period. Traveka Wealth LLC lifted its holdings in shares of Union Pacific by 1.2% in the first quarter. Traveka Wealth LLC now owns 4,622 shares of the railroad operator's stock valued at $1,092,000 after purchasing an additional 55 shares in the last quarter. Forte Asset Management LLC acquired a new position in shares of Union Pacific during the first quarter worth about $213,000. Atlantic Edge Private Wealth Management LLC boosted its position in shares of Union Pacific by 1.5% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 6,689 shares of the railroad operator's stock worth $1,580,000 after buying an additional 100 shares during the period. Finally, CoreFirst Bank & Trust grew its holdings in shares of Union Pacific by 3.7% during the first quarter. CoreFirst Bank & Trust now owns 2,035 shares of the railroad operator's stock worth $481,000 after buying an additional 72 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company's stock.

Union Pacific Price Performance

Shares of UNP stock traded down $0.90 on Monday, reaching $235.38. The company had a trading volume of 2,580,899 shares, compared to its average volume of 2,723,079. The business's 50-day moving average is $224.00 and its 200 day moving average is $230.89. Union Pacific Corporation has a one year low of $204.66 and a one year high of $258.07. The company has a quick ratio of 0.61, a current ratio of 0.73 and a debt-to-equity ratio of 1.91. The stock has a market capitalization of $140.63 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05.

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

Union Pacific Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on UNP shares. The Goldman Sachs Group restated a "neutral" rating and set a $263.00 target price on shares of Union Pacific in a report on Monday, June 2nd. Argus raised shares of Union Pacific to a "strong-buy" rating in a research report on Friday, May 16th. Baird R W raised Union Pacific to a "hold" rating in a report on Tuesday, July 1st. UBS Group decreased their price target on shares of Union Pacific from $255.00 to $245.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of Union Pacific in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $255.17.

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.