Ensign Peak Advisors Inc Trims Stock Holdings in Union Pacific Corporation $UNP

Ensign Peak Advisors Inc trimmed its position in Union Pacific Corporation (NYSE:UNP) by 2.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 696,723 shares of the railroad operator’s stock after selling 17,413 shares during the quarter. Ensign Peak Advisors Inc owned about 0.12% of Union Pacific worth $160,302,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of UNP. CBIZ Investment Advisory Services LLC boosted its holdings in Union Pacific by 1,400.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock valued at $28,000 after purchasing an additional 112 shares during the last quarter. Financial Gravity Companies Inc. acquired a new position in shares of Union Pacific in the 2nd quarter valued at about $31,000. Access Investment Management LLC acquired a new position in shares of Union Pacific in the 2nd quarter valued at about $32,000. WPG Advisers LLC acquired a new stake in Union Pacific during the first quarter worth about $33,000. Finally, GFG Capital LLC purchased a new position in Union Pacific during the second quarter valued at approximately $38,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on UNP. Argus lowered Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, August 12th. TD Cowen lowered their price target on shares of Union Pacific from $258.00 to $257.00 and set a “buy” rating on the stock in a report on Friday, October 24th. UBS Group set a $253.00 price target on Union Pacific and gave the company a “neutral” rating in a research note on Friday, October 3rd. The Goldman Sachs Group set a $263.00 target price on Union Pacific and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Finally, BMO Capital Markets cut their price objective on Union Pacific from $277.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $261.63.

Union Pacific Stock Up 0.1%

UNP stock opened at $221.10 on Thursday. The company has a market cap of $131.15 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 2.27 and a beta of 1.04. The firm has a 50-day moving average of $224.49 and a two-hundred day moving average of $224.76. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.75.

Union Pacific (NYSE:UNP) last released its quarterly earnings data 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. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.The company had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6.24 billion. During the same quarter in the previous year, the company posted $2.75 earnings per share. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, December 5th. Union Pacific’s payout ratio is presently 46.90%.

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.