Union Pacific Corporation $UNP Shares Acquired by Bowen Hanes & Co. Inc.

Bowen Hanes & Co. Inc. lifted its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 1.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 302,958 shares of the railroad operator’s stock after purchasing an additional 3,410 shares during the quarter. Union Pacific comprises approximately 1.8% of Bowen Hanes & Co. Inc.’s investment portfolio, making the stock its 24th biggest position. Bowen Hanes & Co. Inc. owned 0.05% of Union Pacific worth $69,705,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of UNP. Nuveen LLC acquired a new stake in shares of Union Pacific during the first quarter valued at about $988,822,000. Rothschild & Co Wealth Management UK Ltd boosted its position in shares of Union Pacific by 3,536.2% during the 2nd quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,011,677 shares of the railroad operator’s stock worth $232,767,000 after purchasing an additional 983,855 shares during the period. Goldman Sachs Group Inc. increased its holdings in Union Pacific by 29.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,699,109 shares of the railroad operator’s stock valued at $873,878,000 after purchasing an additional 850,025 shares during the last quarter. Menora Mivtachim Holdings LTD. purchased a new stake in Union Pacific in the first quarter valued at approximately $115,096,000. Finally, Canada Pension Plan Investment Board raised its position in 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 valued at $1,092,893,000 after purchasing an additional 452,788 shares during the period. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on UNP shares. Evercore ISI dropped their price objective on Union Pacific from $244.00 to $238.00 and set an “in-line” rating for the company in a research note on Friday, July 25th. Loop Capital upgraded Union Pacific from a “sell” rating to a “hold” rating and raised their target price for the company from $214.00 to $227.00 in a report on Tuesday, September 16th. Royal Bank Of Canada boosted their price target on shares of Union Pacific from $257.00 to $276.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. BMO Capital Markets reduced their price target on shares of Union Pacific from $277.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, October 24th. Finally, Citigroup lifted their price objective on shares of Union Pacific from $263.00 to $265.00 and gave the company a “buy” rating in a report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $261.63.

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $226.36 on Friday. The business has a 50-day simple moving average of $224.83 and a 200-day simple moving average of $224.81. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.60 and a current ratio of 0.75. Union Pacific Corporation has a one year low of $204.66 and a one year high of $256.84. The company has a market cap of $134.27 billion, a PE ratio of 19.23, a P/E/G ratio of 2.27 and a beta of 1.04.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.09. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The company had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6.24 billion. During the same quarter in the previous year, the firm earned $2.75 earnings per share. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. On average, equities research analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 5th will be given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, December 5th. Union Pacific’s payout ratio is 46.90%.

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.