State Street Corp Boosts Stake in Union Pacific Corporation $UNP

State Street Corp increased its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 4.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,890,598 shares of the railroad operator’s stock after acquiring an additional 1,302,732 shares during the period. State Street Corp’s holdings in Union Pacific were worth $7,586,243,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of UNP. Cambient Family Office LLC purchased a new stake in Union Pacific during the fourth quarter worth $1,319,000. First National Bank of Omaha increased its position in shares of Union Pacific by 35.8% in the fourth quarter. First National Bank of Omaha now owns 54,635 shares of the railroad operator’s stock valued at $12,665,000 after buying an additional 14,399 shares in the last quarter. Sage Investment Advisers LLC acquired a new position in shares of Union Pacific during the 4th quarter worth $997,000. National Pension Service raised its stake in shares of Union Pacific by 1.2% during the 4th quarter. National Pension Service now owns 1,316,496 shares of the railroad operator’s stock worth $304,532,000 after buying an additional 15,785 shares during the last quarter. Finally, BNP Paribas raised its stake in shares of Union Pacific by 21.5% during the 2nd quarter. BNP Paribas now owns 60,465 shares of the railroad operator’s stock worth $16,454,000 after buying an additional 10,706 shares during 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 brokerages recently commented on UNP. Erste Group Bank started coverage on shares of Union Pacific in a research note on Thursday, August 27th. They issued a “buy” rating on the stock. Evercore restated an “outperform” rating and set a $294.00 target price on shares of Union Pacific in a research report on Thursday, June 25th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $320.00 price target (up from $285.00) on shares of Union Pacific in a report on Friday, July 24th. Royal Bank Of Canada upgraded shares of Union Pacific from an “outperform” rating to a “buy” rating in a research report on Wednesday, September 16th. Finally, UBS Group raised shares of Union Pacific from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $310.00 to $339.00 in a research note on Wednesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $327.72.

Union Pacific Trading Up 0.9%

Shares of UNP stock traded up $2.46 during trading hours on Tuesday, hitting $272.10. 1,302,171 shares of the company were exchanged, compared to its average volume of 3,035,196. The firm has a market cap of $161.65 billion, a PE ratio of 22.05, a PEG ratio of 2.78 and a beta of 0.96. Union Pacific Corporation has a 1 year low of $215.53 and a 1 year high of $315.99. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. The firm has a fifty day moving average of $294.33 and a 200 day moving average of $272.41.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.26 by $0.15. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The firm had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.72 billion. During the same period in the previous year, the firm earned $3.03 earnings per share. Union Pacific’s revenue was up 11.5% compared to the same quarter last year. Analysts expect that Union Pacific Corporation will post 13.01 earnings per share for the current year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be paid a dividend of $1.42 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 annualized dividend and a dividend yield of 2.1%. This is a boost from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s dividend payout ratio is presently 45.99%.

Union Pacific Company Profile

Union Pacific Corporation is a transportation company that operates Union Pacific Railroad, one of the largest freight railroad networks in the United States. The company provides rail transportation and logistics services for a broad range of commodities, including agricultural products, automotive goods, chemicals, coal, industrial products, and intermodal shipments.

Union Pacific’s railroad network serves the western two-thirds of the United States, connecting major markets and ports across approximately 23 states.