Union Pacific Corporation $UNP Shares Acquired by Westpac Banking Corp

Westpac Banking Corp lifted its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 7,516.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,912 shares of the railroad operator’s stock after acquiring an additional 39,388 shares during the period. Westpac Banking Corp’s holdings in Union Pacific were worth $9,434,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank acquired a new position in Union Pacific in the 2nd quarter valued at about $1,856,340,000. Laurel Wealth Advisors LLC increased its holdings in shares of 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 period. Amundi raised its stake in shares of Union Pacific by 35.6% during 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 lifted its holdings in shares of Union Pacific by 3,536.2% during 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 period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Union Pacific by 32.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,152,042 shares of the railroad operator’s stock worth $725,222,000 after purchasing an additional 778,411 shares during the period. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Trading Down 0.8%

Shares of UNP stock opened at $264.53 on Thursday. The stock has a market cap of $156.97 billion, a P/E ratio of 22.10, a P/E/G ratio of 2.91 and a beta of 0.98. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 1.64. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $267.88. The business has a fifty day simple moving average of $240.85 and a 200-day simple moving average of $230.93.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Tuesday, January 27th. The railroad operator reported $2.86 EPS for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.06). Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. The business had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.15 billion. During the same period in the previous year, the company posted $2.91 earnings per share. Union Pacific’s revenue was down .6% on a year-over-year basis. On average, analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, February 27th. Union Pacific’s dividend payout ratio (DPR) is 46.12%.

Analyst Upgrades and Downgrades

UNP has been the topic of several recent research reports. The Goldman Sachs Group reissued a “neutral” rating and issued a $267.00 price objective on shares of Union Pacific in a research note on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft set a $245.00 price target on shares of Union Pacific in a research note on Thursday, December 11th. BMO Capital Markets restated a “market perform” rating and issued a $295.00 price objective on shares of Union Pacific in a research report on Thursday, February 19th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a report on Tuesday, January 27th. Finally, Royal Bank Of Canada set a $280.00 target price on Union Pacific in a research note on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, Union Pacific currently has a consensus rating of “Moderate Buy” and an average target price of $260.14.

Union Pacific Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.