Renaissance Investment Group LLC Has $8.03 Million Stake in Union Pacific Corporation $UNP

Renaissance Investment Group LLC trimmed its position in shares of Union Pacific Corporation (NYSE:UNP) by 5.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 34,882 shares of the railroad operator’s stock after selling 2,137 shares during the quarter. Union Pacific accounts for 1.7% of Renaissance Investment Group LLC’s investment portfolio, making the stock its 29th biggest holding. Renaissance Investment Group LLC’s holdings in Union Pacific were worth $8,026,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Northern Trust Corp raised its position in Union Pacific by 2.0% during 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 buying an additional 142,732 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Union Pacific by 5.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,949,345 shares of the railroad operator’s stock valued at $1,641,715,000 after acquiring an additional 354,463 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Union Pacific by 1.7% in the 1st quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator’s stock valued at $1,206,191,000 after purchasing an additional 86,292 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Union Pacific by 35.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,968,658 shares of the railroad operator’s stock valued at $1,133,053,000 after purchasing an additional 1,294,643 shares during the period. Finally, Canada Pension Plan Investment Board lifted its position in shares of Union Pacific by 10.8% in 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 purchasing an additional 452,788 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Jefferies Financial Group raised shares of Union Pacific from a “hold” rating to a “buy” rating and boosted their price objective for the company from $250.00 to $285.00 in a research report on Friday, July 25th. Baird R W raised shares of Union Pacific to a “hold” rating in a research note on Tuesday, July 1st. Wells Fargo & Company boosted their price target on shares of Union Pacific from $250.00 to $260.00 and gave the company an “overweight” rating in a report on Friday, July 25th. BMO Capital Markets upped their price target on shares of Union Pacific from $270.00 to $277.00 and gave the stock an “outperform” rating in a research note on Friday, July 25th. Finally, Royal Bank Of Canada lifted their price objective on Union Pacific from $257.00 to $276.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Union Pacific presently has an average rating of “Moderate Buy” and a consensus price target of $258.25.

Union Pacific Stock Performance

Shares of NYSE UNP opened at $216.18 on Tuesday. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84. The company has a market cap of $128.20 billion, a P/E ratio of 18.78, a P/E/G ratio of 2.09 and a beta of 1.03. The business’s 50 day moving average is $224.08 and its two-hundred day moving average is $225.57. 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 announced its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) 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 business had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.09 billion. During the same quarter last year, the company posted $2.74 earnings per share. Union Pacific’s quarterly revenue was up 2.4% on a year-over-year basis. On average, equities analysts expect that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be given a $1.38 dividend. The ex-dividend date is Friday, August 29th. This represents a $5.52 annualized dividend and a yield of 2.6%. This is a positive change from Union Pacific’s previous quarterly dividend of $1.34. Union Pacific’s dividend payout ratio (DPR) 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.