Border to Coast Pensions Partnership Ltd Has $70.70 Million Stock Position in Union Pacific Corporation $UNP

Key Points

• Border to Coast Pensions Partnership Ltd increased its stake in Union Pacific Corporation by 10.8%, now holding about 307,267 shares valued at approximately $70.7 million.
• Analysts have offered mixed ratings on Union Pacific, with one upgrading it to a "buy" and setting a price target of $285, while others have reduced targets, indicating varying views on the stock's performance.
• Union Pacific recently declared a quarterly dividend of $1.38, up from the previous $1.34, reflecting a 2.5% yield for investors.

Border to Coast Pensions Partnership Ltd raised its holdings in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 10.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 307,267 shares of the railroad operator's stock after buying an additional 30,000 shares during the quarter. Union Pacific comprises 1.3% of Border to Coast Pensions Partnership Ltd's investment portfolio, making the stock its 20th largest holding. Border to Coast Pensions Partnership Ltd owned approximately 0.05% of Union Pacific worth $70,696,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Highline Wealth Partners LLC lifted its holdings in shares of Union Pacific by 103.5% during the first 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 last quarter. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Union Pacific by 1,400.0% during the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator's stock worth $28,000 after buying an additional 112 shares during the last quarter. Financial Gravity Asset Management Inc. acquired a new position in shares of Union Pacific during the first quarter worth approximately $32,000. WPG Advisers LLC acquired a new position in shares of Union Pacific during the first quarter worth approximately $33,000. Finally, Cornerstone Planning Group LLC lifted its holdings in shares of Union Pacific by 50.5% during the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock worth $37,000 after buying an additional 56 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

UNP has been the subject of a number of research analyst reports. Baird R W upgraded Union Pacific to a "hold" rating in a report on Tuesday, July 1st. The Goldman Sachs Group restated a "neutral" rating and issued a $263.00 target price on shares of Union Pacific in a research note on Monday, June 2nd. Barclays lowered Union Pacific from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, July 30th. UBS Group raised their target price on Union Pacific from $238.00 to $240.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Finally, Royal Bank Of Canada raised their target price on Union Pacific from $257.00 to $276.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $259.38.

Union Pacific Stock Up 2.3%

Union Pacific stock traded up $5.17 during midday trading on Monday, reaching $225.78. The stock had a trading volume of 8,135,975 shares, compared to its average volume of 3,555,976. The firm's fifty day simple moving average is $222.66 and its 200-day simple moving average is $224.87. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84. The stock has a market capitalization of $133.89 billion, a P/E ratio of 19.62, a price-to-earnings-growth ratio of 2.14 and a beta of 1.03. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65.

Union Pacific (NYSE:UNP - Get Free Report) last announced its earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.84 by $0.19. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The business had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same quarter last year, the firm earned $2.74 EPS. Union Pacific's revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, analysts expect that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be given a dividend of $1.38 per share. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. The ex-dividend date of this dividend is Friday, August 29th. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. Union Pacific's payout ratio is presently 47.96%.

Union Pacific 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.