Wilmington Savings Fund Society FSB reduced its stake in Union Pacific Corporation (NYSE:UNP – Free Report) by 4.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,914 shares of the railroad operator’s stock after selling 2,276 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Union Pacific were worth $11,254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of UNP. GAMMA Investing LLC raised its stake in Union Pacific by 16.8% in the first quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator’s stock valued at $2,491,000 after purchasing an additional 1,520 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Union Pacific by 12.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 162,314 shares of the railroad operator’s stock valued at $38,345,000 after purchasing an additional 18,453 shares during the last quarter. Sound Income Strategies LLC increased its position in shares of Union Pacific by 25.2% during the 1st quarter. Sound Income Strategies LLC now owns 630 shares of the railroad operator’s stock valued at $149,000 after purchasing an additional 127 shares during the last quarter. Exchange Traded Concepts LLC increased its position in shares of Union Pacific by 83.3% during the 1st quarter. Exchange Traded Concepts LLC now owns 792 shares of the railroad operator’s stock valued at $187,000 after purchasing an additional 360 shares during the last quarter. Finally, Brighton Jones LLC increased its position in shares of Union Pacific by 0.8% during the 1st quarter. Brighton Jones LLC now owns 9,280 shares of the railroad operator’s stock valued at $2,192,000 after purchasing an additional 71 shares during the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.
Union Pacific Stock Up 0.2%
Shares of NYSE:UNP opened at $225.81 on Tuesday. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84. The stock has a fifty day simple moving average of $224.52 and a two-hundred day simple moving average of $224.25. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $133.93 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 2.34 and a beta of 1.07.
Union Pacific Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th were issued a $1.38 dividend. This is a positive change 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 dividend payout ratio is currently 47.96%.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. Jefferies Financial Group upgraded Union Pacific from a “hold” rating to a “buy” rating and raised their price target for the stock from $250.00 to $285.00 in a research report on Friday, July 25th. Morgan Stanley reduced their price target on Union Pacific from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Monday, July 7th. Loop Capital upgraded Union Pacific from a “sell” rating to a “hold” rating and increased their price objective for the stock from $214.00 to $227.00 in a report on Tuesday, September 16th. Argus lowered Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, August 12th. Finally, Evercore ISI cut their price objective on Union Pacific from $244.00 to $238.00 and set an “in-line” rating on the stock in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Union Pacific presently has an average rating of “Moderate Buy” and an average price target of $261.58.
Get Our Latest Analysis on Union Pacific
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.
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