Empowered Funds LLC decreased its holdings in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 14.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,904 shares of the railroad operator's stock after selling 10,023 shares during the period. Empowered Funds LLC's holdings in Union Pacific were worth $16,294,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp grew its position in Union Pacific by 4.3% in the 4th quarter. State Street Corp now owns 26,330,080 shares of the railroad operator's stock worth $6,090,674,000 after purchasing an additional 1,082,285 shares during the last quarter. Capital World Investors raised its holdings in shares of Union Pacific by 92.1% during the fourth quarter. Capital World Investors now owns 20,136,349 shares of the railroad operator's stock valued at $4,658,142,000 after buying an additional 9,655,306 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Union Pacific by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 15,360,668 shares of the railroad operator's stock worth $3,552,550,000 after buying an additional 296,814 shares during the period. Bank of America Corp DE boosted its position in shares of Union Pacific by 0.4% during the second quarter. Bank of America Corp DE now owns 14,527,563 shares of the railroad operator's stock worth $3,951,497,000 after buying an additional 64,492 shares during the period. Finally, Morgan Stanley grew its holdings in Union Pacific by 5.0% in the 4th quarter. Morgan Stanley now owns 12,636,050 shares of the railroad operator's stock worth $2,922,971,000 after buying an additional 602,647 shares in the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.
More Union Pacific News
Here are the key news stories impacting Union Pacific this week:
- Positive Sentiment: New analyst coverage adds support: Erste Group Bank AG initiated coverage of Union Pacific with a “buy” rating, signaling confidence in the railroad’s valuation and outlook. Erste Group Bank coverage
- Positive Sentiment: Dividend and earnings backdrop remains favorable: Union Pacific is being highlighted as a dividend-growth railroad, and recent quarterly results showed earnings and revenue above analyst expectations, with revenue up year over year. These factors reinforce the company’s appeal to income and quality-focused investors. Dividend-paying railroad stocks
- Neutral Sentiment: Merger application advances: Union Pacific and Norfolk Southern submitted expanded customer protections to the Surface Transportation Board, including broader eligibility for committed gateway pricing. The proposed terms could improve the prospects for approval of the first single-line transcontinental railroad network, although the transaction remains subject to a lengthy regulatory review. Union Pacific and Norfolk Southern merger protections
- Neutral Sentiment: Management will address investors: CEO Jim Vena and CFO Jennifer Hamann are scheduled to participate in a Bernstein Research fireside chat on September 1. Investors may look for updates on merger strategy, rail efficiency and operating trends. Union Pacific Bernstein fireside chat
- Negative Sentiment: Regulatory and efficiency risks remain: The companies continue defending the merger against opponents’ challenges, while new analysis describes Union Pacific as facing a fresh test of rail efficiency. Any tougher STB scrutiny or evidence of operational weaknesses could temper merger-driven optimism. Merger application regulatory review
Insider Buying and Selling at Union Pacific
In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the firm's stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total transaction of $789,504.36. Following the transaction, the executive vice president directly owned 43,012 shares in the company, valued at $11,353,447.52. This trade represents a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.22% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on UNP shares. Royal Bank Of Canada restated an "outperform" rating and set a $339.00 price objective (up from $289.00) on shares of Union Pacific in a research note on Friday, July 24th. Susquehanna raised their target price on shares of Union Pacific from $305.00 to $333.00 and gave the company a "positive" rating in a research note on Tuesday, July 14th. TD Cowen restated a "buy" rating and set a $325.00 price target (up from $282.00) on shares of Union Pacific in a research report on Friday, July 24th. Erste Group Bank assumed coverage on shares of Union Pacific in a report on Thursday. They issued a "buy" rating for the company. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of Union Pacific in a report on Monday, July 13th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $320.89.
Get Our Latest Stock Report on UNP
Union Pacific Stock Performance
Union Pacific stock opened at $307.82 on Friday. Union Pacific Corporation has a fifty-two week low of $210.84 and a fifty-two week high of $315.99. The firm's 50 day simple moving average is $291.07 and its 200-day simple moving average is $269.81. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.82. The company has a market cap of $182.87 billion, a P/E ratio of 24.92, a price-to-earnings-growth ratio of 3.12 and a beta of 0.96.
Union Pacific (NYSE:UNP - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.26 by $0.15. The firm had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.72 billion. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The business's revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the prior year, the business earned $3.03 EPS. As a group, equities research analysts predict that Union Pacific Corporation will post 13.01 EPS for the current year.
Union Pacific Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be issued a dividend of $1.42 per share. The ex-dividend date is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.8%. This is an increase from Union Pacific's previous quarterly dividend of $1.38. Union Pacific's payout ratio is 44.70%.
About Union Pacific
(
Free Report)
Union Pacific Corporation NYSE: UNP is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.
Union Pacific's core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.
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