Fort Washington Investment Advisors Inc. OH Raises Stock Holdings in Union Pacific Corporation $UNP

Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 17.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 212,965 shares of the railroad operator’s stock after purchasing an additional 30,974 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Union Pacific were worth $48,999,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Northern Trust Corp boosted its holdings in shares of Union Pacific by 2.0% in the 1st quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator’s stock worth $1,678,575,000 after purchasing an additional 142,732 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Union Pacific by 5.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,949,345 shares of the railroad operator’s stock worth $1,641,715,000 after purchasing an additional 354,463 shares in the last quarter. Royal Bank of Canada boosted 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 worth $1,206,191,000 after purchasing an additional 86,292 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Union Pacific by 10.8% in the 1st 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. Finally, Nuveen LLC purchased a new position in shares of Union Pacific in the 1st quarter worth about $988,822,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on UNP. Jefferies Financial Group upgraded Union Pacific from a “hold” rating to a “buy” rating and upped their price objective for the stock from $250.00 to $285.00 in a report on Friday, July 25th. Morgan Stanley dropped their target price on Union Pacific from $220.00 to $215.00 and set an “equal weight” rating for the company in a report on Monday, July 7th. Argus cut Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, August 12th. Sanford C. Bernstein increased their target price on Union Pacific from $271.00 to $286.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Finally, Baird R W upgraded Union Pacific to a “hold” rating in a report on Tuesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $260.00.

Union Pacific Trading Up 1.4%

UNP opened at $235.14 on Friday. The business has a 50 day simple moving average of $222.73 and a two-hundred day simple moving average of $224.54. The firm has a market capitalization of $139.45 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 2.45 and a beta of 1.03. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. Union Pacific Corporation has a one year low of $204.66 and a one year high of $256.84.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.19. The business had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.Union Pacific’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.74 EPS. Analysts predict that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The firm 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 dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, August 29th. This is a positive change from Union Pacific’s previous quarterly dividend of $1.34. Union Pacific’s dividend payout ratio is currently 47.96%.

Union Pacific Company 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.