EP Wealth Advisors LLC raised its position in Union Pacific Co. (NYSE:UNP) by 0.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 73,423 shares of the railroad operator’s stock after acquiring an additional 7 shares during the quarter. EP Wealth Advisors LLC’s holdings in Union Pacific were worth $7,997,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of UNP. Gainplan LLC raised its stake in shares of Union Pacific by 0.6% in the second quarter. Gainplan LLC now owns 2,230 shares of the railroad operator’s stock worth $243,000 after buying an additional 13 shares during the period. Advisors Management Group Inc. ADV raised its stake in shares of Union Pacific by 0.5% in the second quarter. Advisors Management Group Inc. ADV now owns 3,330 shares of the railroad operator’s stock worth $363,000 after buying an additional 17 shares during the period. Highland Private Wealth Management raised its stake in shares of Union Pacific by 0.9% in the second quarter. Highland Private Wealth Management now owns 1,996 shares of the railroad operator’s stock worth $217,000 after buying an additional 18 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in shares of Union Pacific by 0.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 6,579 shares of the railroad operator’s stock worth $716,000 after buying an additional 20 shares during the period. Finally, Janney Capital Management LLC raised its stake in shares of Union Pacific by 1.1% in the second quarter. Janney Capital Management LLC now owns 2,158 shares of the railroad operator’s stock worth $235,000 after buying an additional 24 shares during the period. 78.63% of the stock is currently owned by institutional investors.
UNP has been the topic of several recent research reports. Zacks Investment Research downgraded Union Pacific from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Royal Bank of Canada reaffirmed a “hold” rating and issued a $124.00 price objective on shares of Union Pacific in a research note on Thursday, November 9th. BMO Capital Markets increased their target price on Union Pacific from $123.00 to $127.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Aegis cut Union Pacific from a “buy” rating to a “hold” rating and increased their target price for the stock from $120.00 to $122.00 in a research report on Tuesday, October 10th. Finally, Morgan Stanley increased their target price on Union Pacific from $100.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 31st. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $120.00.
Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, October 26th. The railroad operator reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.01. The business had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.32 billion. Union Pacific had a return on equity of 23.35% and a net margin of 21.84%. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.36 EPS. research analysts predict that Union Pacific Co. will post 5.78 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.665 per share. This represents a $2.66 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Wednesday, November 29th. This is a boost from Union Pacific’s previous quarterly dividend of $0.61. Union Pacific’s dividend payout ratio (DPR) is currently 47.08%.
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Union Pacific Profile
Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.
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