Corient Private Wealth LP Boosts Holdings in Union Pacific Corporation $UNP

Corient Private Wealth LP lifted its holdings in Union Pacific Corporation (NYSE:UNP) by 9.8% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 507,523 shares of the railroad operator’s stock after acquiring an additional 45,296 shares during the quarter. Corient Private Wealth LP owned 0.09% of Union Pacific worth $138,046,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in UNP. Acadian Asset Management LLC boosted its position in Union Pacific by 40.4% during the first quarter. Acadian Asset Management LLC now owns 2,312 shares of the railroad operator’s stock valued at $546,000 after buying an additional 665 shares during the period. Schnieders Capital Management LLC. grew its stake in shares of Union Pacific by 0.5% during the second quarter. Schnieders Capital Management LLC. now owns 20,606 shares of the railroad operator’s stock valued at $4,741,000 after buying an additional 102 shares during the last quarter. Main Street Financial Solutions LLC increased its holdings in shares of Union Pacific by 1.6% in the second quarter. Main Street Financial Solutions LLC now owns 3,733 shares of the railroad operator’s stock worth $859,000 after buying an additional 58 shares during the period. HUB Investment Partners LLC increased its holdings in shares of Union Pacific by 10.0% in the second quarter. HUB Investment Partners LLC now owns 6,091 shares of the railroad operator’s stock worth $1,401,000 after buying an additional 554 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in shares of Union Pacific by 7.4% in the 2nd quarter. Alliancebernstein L.P. now owns 1,528,426 shares of the railroad operator’s stock valued at $351,660,000 after acquiring an additional 105,664 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.

Insider Activity at Union Pacific

In related news, EVP Eric J. Gehringer sold 2,991 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total value of $789,504.36. Following the completion of the sale, the executive vice president owned 43,012 shares of the company’s stock, valued at $11,353,447.52. This trade represents a 6.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.22% of the stock is currently owned by corporate insiders.

Union Pacific Stock Performance

Union Pacific stock opened at $311.21 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40. The firm has a market cap of $184.88 billion, a P/E ratio of 25.20, a P/E/G ratio of 3.16 and a beta of 0.96. Union Pacific Corporation has a 1-year low of $210.84 and a 1-year high of $315.99. The firm has a 50-day moving average of $289.07 and a 200-day moving average of $269.15.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.26 by $0.15. The company had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.72 billion. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.Union Pacific’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.03 EPS. Sell-side analysts expect that Union Pacific Corporation will post 12.93 EPS for the current year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 1.8%. This is a boost from Union Pacific’s previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Monday, August 31st. Union Pacific’s payout ratio is presently 44.70%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. TD Cowen restated a “buy” rating and set a $325.00 target price (up from $282.00) on shares of Union Pacific in a report on Friday, July 24th. Susquehanna lifted their price target on Union Pacific from $305.00 to $333.00 and gave the stock a “positive” rating in a research note on Tuesday, July 14th. Barclays reiterated an “overweight” rating and issued a $350.00 price objective (up from $315.00) on shares of Union Pacific in a research report on Friday, July 24th. Citigroup raised their target price on shares of Union Pacific from $326.00 to $349.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Union Pacific from $304.00 to $334.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $320.89.

About Union Pacific

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.