NewEdge Advisors LLC Boosts Holdings in Union Pacific Corporation $UNP

NewEdge Advisors LLC increased its holdings in Union Pacific Corporation (NYSE:UNP) by 2.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 91,096 shares of the railroad operator’s stock after purchasing an additional 2,337 shares during the period. NewEdge Advisors LLC’s holdings in Union Pacific were worth $20,959,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Union Pacific in the 2nd quarter valued at about $1,856,340,000. Laurel Wealth Advisors LLC lifted its position in Union Pacific by 22,618.2% in the second quarter. Laurel Wealth Advisors LLC now owns 2,624,636 shares of the railroad operator’s stock valued at $603,876,000 after purchasing an additional 2,613,083 shares during the last quarter. Amundi grew its holdings in shares of Union Pacific by 35.6% in the second quarter. Amundi now owns 4,782,577 shares of the railroad operator’s stock worth $1,134,236,000 after purchasing an additional 1,255,231 shares during the last quarter. Rothschild & Co Wealth Management UK Ltd grew its holdings in shares of Union Pacific by 3,536.2% in the second 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 last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Union Pacific by 32.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,152,042 shares of the railroad operator’s stock worth $725,222,000 after buying an additional 778,411 shares during the period. 80.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

UNP has been the subject of several analyst reports. TD Cowen dropped their price target on shares of Union Pacific from $258.00 to $257.00 and set a “buy” rating for the company in a research report on Friday, October 24th. BMO Capital Markets dropped their target price on shares of Union Pacific from $277.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, October 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of Union Pacific in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft downgraded Union Pacific from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Citigroup increased their price objective on Union Pacific from $263.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $261.63.

Union Pacific Price Performance

UNP opened at $235.12 on Thursday. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.75. The company has a market cap of $139.47 billion, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 2.57 and a beta of 0.99. The stock has a fifty day simple moving average of $226.29 and a two-hundred day simple moving average of $225.58. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84.

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

Union Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Friday, December 5th will be issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, December 5th. Union Pacific’s dividend payout ratio is 46.90%.

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.