NorthRock Partners LLC Has $1.71 Million Stock Position in Union Pacific Corporation $UNP

NorthRock Partners LLC reduced its holdings in Union Pacific Corporation (NYSE:UNP) by 4.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 7,444 shares of the railroad operator’s stock after selling 317 shares during the quarter. NorthRock Partners LLC’s holdings in Union Pacific were worth $1,713,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UNP. Nuveen LLC acquired a new position in Union Pacific in the 1st quarter valued at approximately $988,822,000. Goldman Sachs Group Inc. increased its position in shares of Union Pacific by 29.8% during the first quarter. Goldman Sachs Group Inc. now owns 3,699,109 shares of the railroad operator’s stock worth $873,878,000 after buying an additional 850,025 shares during the period. Auto Owners Insurance Co increased its position in shares of Union Pacific by 61,054.6% during the first quarter. Auto Owners Insurance Co now owns 625,000 shares of the railroad operator’s stock worth $147,650,000 after buying an additional 623,978 shares during the period. Menora Mivtachim Holdings LTD. acquired a new stake in shares of Union Pacific during the first quarter worth $115,096,000. Finally, Canada Pension Plan Investment Board increased its position in shares of Union Pacific by 10.8% during the first quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock worth $1,092,893,000 after buying an additional 452,788 shares during the period. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on UNP shares. Raymond James Financial reiterated a “strong-buy” rating on shares of Union Pacific in a research report on Tuesday, July 15th. Wells Fargo & Company increased their price objective on shares of Union Pacific from $250.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Morgan Stanley decreased their price objective on shares of Union Pacific from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Monday, July 7th. BMO Capital Markets increased their price objective on shares of Union Pacific from $270.00 to $277.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Finally, Barclays cut shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, Union Pacific has an average rating of “Moderate Buy” and a consensus price target of $261.58.

Union Pacific Stock Up 0.2%

Shares of NYSE UNP opened at $225.81 on Tuesday. The firm has a market cap of $133.93 billion, a PE ratio of 19.62, a P/E/G ratio of 2.34 and a beta of 1.07. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84. The company’s fifty day simple moving average is $224.52 and its 200 day simple moving average is $224.25. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86.

Union Pacific (NYSE:UNP) last released 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. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The firm had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same period last year, the firm earned $2.74 earnings per share. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th were paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.4%. This is a positive change 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 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.