OFI Invest Asset Management Has $41.98 Million Stock Holdings in Union Pacific Corporation $UNP

OFI Invest Asset Management boosted its position in shares of Union Pacific Corporation (NYSE:UNP) by 7.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 182,455 shares of the railroad operator’s stock after acquiring an additional 12,067 shares during the period. OFI Invest Asset Management’s holdings in Union Pacific were worth $41,979,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UNP. Northern Trust Corp grew its stake 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 valued at $1,678,575,000 after purchasing an additional 142,732 shares during the period. Price T Rowe Associates Inc. MD raised 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 buying an additional 354,463 shares in the last quarter. Royal Bank of Canada raised 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 buying an additional 86,292 shares in the last quarter. Canada Pension Plan Investment Board raised 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 buying an additional 452,788 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Union Pacific in the 1st quarter worth approximately $988,822,000. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $225.54 on Friday. The stock’s fifty day simple moving average is $224.45 and its 200 day simple moving average is $224.38. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84. The company has a market capitalization of $133.77 billion, a PE ratio of 19.60, a PEG ratio of 2.34 and a beta of 1.07. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.19. The company had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.Union Pacific’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.74 earnings per share. On average, research analysts predict 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 was paid on Tuesday, September 30th. Investors of record on Friday, August 29th were given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.4%. This is a boost from Union Pacific’s previous quarterly dividend of $1.34. The ex-dividend date of this dividend was Friday, August 29th. Union Pacific’s payout ratio is currently 47.96%.

Analyst Ratings Changes

UNP has been the topic of several research reports. Baird R W raised Union Pacific to a “hold” rating in a report on Tuesday, July 1st. JPMorgan Chase & Co. reduced their price objective on Union Pacific from $267.00 to $265.00 and set a “neutral” rating on the stock in a report on Wednesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Union Pacific in a report on Wednesday. Barclays downgraded Union Pacific from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 30th. Finally, Argus downgraded Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, August 12th. One 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $261.08.

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.