US Bancorp DE Has $182.61 Million Stock Holdings in Union Pacific Corporation $UNP

Key Points

• US Bancorp DE has decreased its holdings in Union Pacific Corporation by 2.3%, currently owning approximately $182.61 million worth of shares.
• Union Pacific has recently reported quarterly earnings of $3.03 per share, surpassing expectations, with a year-over-year revenue increase of 2.4%.
• The company declared an increase in its quarterly dividend to $1.38 per share, reflecting an annualized yield of 2.4% and a payout ratio of 47.96%.

US Bancorp DE decreased its holdings in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 2.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 793,666 shares of the railroad operator's stock after selling 18,542 shares during the quarter. US Bancorp DE owned 0.13% of Union Pacific worth $182,608,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Pines Wealth Management LLC increased its position in Union Pacific by 1.7% during the second quarter. Pines Wealth Management LLC now owns 2,520 shares of the railroad operator's stock worth $595,000 after buying an additional 43 shares during the last quarter. Titleist Asset Management LLC boosted its holdings in shares of Union Pacific by 1.1% during the first quarter. Titleist Asset Management LLC now owns 4,004 shares of the railroad operator's stock worth $946,000 after acquiring an additional 44 shares during the period. Five Oceans Advisors boosted its holdings in shares of Union Pacific by 3.9% during the second quarter. Five Oceans Advisors now owns 1,183 shares of the railroad operator's stock worth $272,000 after acquiring an additional 44 shares during the period. Stiles Financial Services Inc boosted its holdings in shares of Union Pacific by 1.6% during the first quarter. Stiles Financial Services Inc now owns 2,963 shares of the railroad operator's stock worth $700,000 after acquiring an additional 48 shares during the period. Finally, Avalon Trust Co boosted its holdings in shares of Union Pacific by 5.1% during the first quarter. Avalon Trust Co now owns 1,004 shares of the railroad operator's stock worth $237,000 after acquiring an additional 49 shares during the period. Hedge funds and other institutional investors own 80.38% of the company's stock.

Union Pacific Stock Up 0.4%

Shares of NYSE:UNP opened at $232.72 on Thursday. The company has a market capitalization of $138.03 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 2.41 and a beta of 1.07. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $256.84. The company has a fifty day moving average of $224.14 and a 200-day moving average of $224.57. 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 posted its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, beating analysts' consensus estimates of $2.84 by $0.19. The business had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.Union Pacific's quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.74 earnings per share. On average, equities analysts predict that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th were given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.4%. This is an increase from Union Pacific's previous quarterly dividend of $1.34. The ex-dividend date of this dividend was Friday, August 29th. Union Pacific's payout ratio is currently 47.96%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on UNP shares. Jefferies Financial Group upgraded Union Pacific from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $250.00 to $285.00 in a report on Friday, July 25th. Susquehanna reiterated a "positive" rating and issued a $272.00 price target (up from $257.00) on shares of Union Pacific in a research note on Thursday, September 25th. Wells Fargo & Company boosted their price target on Union Pacific from $250.00 to $260.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. BMO Capital Markets boosted their price target on Union Pacific from $270.00 to $277.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Finally, Royal Bank Of Canada boosted their price target 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 research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, Union Pacific has a consensus rating of "Moderate Buy" and an average price target of $261.08.

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.

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