Union Pacific Corporation $UNP Stock Holdings Raised by Perpetual Ltd

Key Points

• Perpetual Ltd increased its Union Pacific stake by 6.1% in the third quarter, acquiring 38,694 additional shares. Its holdings totaled 669,328 shares valued at approximately $182.1 million, representing 2.8% of its portfolio.
• Union Pacific has broad institutional support, with institutional investors owning 80.38% of outstanding shares. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $325.72.
• The company exceeded quarterly earnings expectations, reporting $3.41 in EPS and $6.86 billion in revenue, while revenue rose 11.5% year over year. Union Pacific also increased its quarterly dividend to $1.42, or $5.68 annually, yielding about 2.0%.

Perpetual Ltd raised its holdings in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 6.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 669,328 shares of the railroad operator's stock after purchasing an additional 38,694 shares during the quarter. Union Pacific makes up approximately 2.8% of Perpetual Ltd's portfolio, making the stock its 6th largest holding. Perpetual Ltd owned 0.11% of Union Pacific worth $182,144,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UNP. Woodstock Corp grew its position in shares of Union Pacific by 55.6% in the third quarter. Woodstock Corp now owns 1,540 shares of the railroad operator's stock valued at $419,000 after purchasing an additional 550 shares in the last quarter. Moody National Bank Trust Division raised its stake in shares of Union Pacific by 4.0% during the 3rd quarter. Moody National Bank Trust Division now owns 7,394 shares of the railroad operator's stock valued at $2,012,000 after purchasing an additional 283 shares during the period. Eastern Bank raised its stake in shares of Union Pacific by 2.6% during the 3rd quarter. Eastern Bank now owns 214,567 shares of the railroad operator's stock valued at $58,390,000 after purchasing an additional 5,380 shares during the period. Greenwich Wealth Management LLC lifted its holdings in Union Pacific by 14.4% during the 2nd quarter. Greenwich Wealth Management LLC now owns 2,040 shares of the railroad operator's stock worth $555,000 after purchasing an additional 257 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its holdings in Union Pacific by 9.4% during the 2nd quarter. QRG Capital Management Inc. now owns 102,949 shares of the railroad operator's stock worth $28,002,000 after purchasing an additional 8,842 shares in the last quarter. Institutional investors own 80.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Barclays restated an "overweight" rating and issued a $350.00 target price (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. TD Cowen reiterated 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. Citigroup reissued a "cautious" rating on shares of Union Pacific in a report on Wednesday, October 7th. Evercore restated an "outperform" rating and issued a $294.00 price objective on shares of Union Pacific in a research report on Thursday, June 25th. Finally, Weiss Ratings upgraded shares of Union Pacific from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Union Pacific currently has an average rating of "Moderate Buy" and a consensus target price of $325.72.

Union Pacific Trading Up 1.1%

Union Pacific stock opened at $281.44 on Tuesday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.82 and a current ratio of 0.99. Union Pacific Corporation has a fifty-two week low of $215.53 and a fifty-two week high of $315.99. The stock has a market cap of $167.20 billion, a P/E ratio of 22.79, a PEG ratio of 2.76 and a beta of 0.95. The firm's fifty day moving average price is $288.42 and its 200-day moving average price is $275.55.

Union Pacific (NYSE:UNP - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.26 by $0.15. The company had revenue of $6.86 billion for 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 firm's revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.03 earnings per share. Equities research analysts forecast that Union Pacific Corporation will post 13.05 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st were paid a $1.42 dividend. The ex-dividend date was Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a yield of 2.0%. This is an increase from Union Pacific's previous quarterly dividend of $1.38. Union Pacific's dividend payout ratio is currently 45.99%.

Union Pacific Company Profile

Union Pacific Corporation NYSE: UNP is a freight railroad company that operates one of the largest rail networks in North America. Through its principal subsidiary, Union Pacific Railroad, the company provides transportation services for businesses across the western two-thirds of the United States.

Union Pacific transports a broad range of commodities and manufactured goods, including agricultural products, automotive vehicles and parts, chemicals, coal, industrial products, forest products, and intermodal containers.

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