Envestnet Portfolio Solutions Inc. Buys 8,925 Shares of Union Pacific Corporation $UNP

Envestnet Portfolio Solutions Inc. grew its stake in shares of Union Pacific Corporation (NYSE:UNP) by 10.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 93,337 shares of the railroad operator’s stock after acquiring an additional 8,925 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Union Pacific were worth $21,475,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Northern Trust Corp lifted its stake in Union Pacific by 2.0% in the first quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator’s stock valued at $1,678,575,000 after purchasing an additional 142,732 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Union Pacific by 5.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,949,345 shares of the railroad operator’s stock worth $1,641,715,000 after buying an additional 354,463 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Union Pacific by 1.7% in the first quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator’s stock valued at $1,206,191,000 after buying an additional 86,292 shares during the period. Canada Pension Plan Investment Board lifted its position in shares of Union Pacific by 10.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock valued at $1,092,893,000 after buying an additional 452,788 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Union Pacific during the 1st quarter worth $988,822,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Performance

Union Pacific stock opened at $225.54 on Monday. The firm’s 50 day simple moving average is $224.45 and its 200 day simple moving average is $224.30. The firm has a market capitalization of $133.77 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 2.34 and a beta of 1.07. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The company had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $6.09 billion. During the same period in the prior year, the business earned $2.74 earnings per share. 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 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Morgan Stanley dropped their price objective on shares of Union Pacific from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Monday, July 7th. UBS Group set a $253.00 price target on shares of Union Pacific and gave the company a “neutral” rating in a research report on Friday, October 3rd. Loop Capital raised shares of Union Pacific from a “sell” rating to a “hold” rating and raised their price objective for the stock from $214.00 to $227.00 in a report on Tuesday, September 16th. Susquehanna reiterated a “positive” rating and issued a $272.00 price objective (up from $257.00) on shares of Union Pacific in a research note on Thursday, September 25th. Finally, Citigroup raised shares of Union Pacific from a “neutral” rating to a “buy” rating and boosted their target price for the company from $250.00 to $251.00 in a report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, Union Pacific has an average rating of “Moderate Buy” and a consensus target price of $261.08.

About Union Pacific

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.