Marshall Wace LLP Has $147.62 Million Position in Union Pacific Corporation $UNP

Marshall Wace LLP boosted its position in shares of Union Pacific Corporation (NYSE:UNP) by 146.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 641,620 shares of the railroad operator’s stock after acquiring an additional 381,633 shares during the period. Marshall Wace LLP’s holdings in Union Pacific were worth $147,624,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in UNP. Portland Global Advisors LLC acquired a new position in shares of Union Pacific in the second quarter valued at $204,000. First Trust Advisors LP increased its holdings in Union Pacific by 287.8% in the 2nd quarter. First Trust Advisors LP now owns 987,276 shares of the railroad operator’s stock valued at $227,153,000 after buying an additional 732,707 shares during the period. Miramar Capital LLC raised its stake in shares of Union Pacific by 1.8% in the 2nd quarter. Miramar Capital LLC now owns 54,248 shares of the railroad operator’s stock valued at $12,481,000 after buying an additional 938 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Union Pacific by 13.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,667 shares of the railroad operator’s stock valued at $1,304,000 after buying an additional 662 shares in the last quarter. Finally, Trek Financial LLC acquired a new stake in shares of Union Pacific during the 2nd quarter valued at about $1,267,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analysts Set New Price Targets

UNP has been the subject of a number of analyst reports. The Goldman Sachs Group set a $263.00 price target on shares of Union Pacific and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. JPMorgan Chase & Co. raised their target price on Union Pacific from $265.00 to $267.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Argus lowered Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, August 12th. BMO Capital Markets reduced their target price on shares of Union Pacific from $277.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, October 24th. Finally, TD Cowen lowered their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $261.63.

Union Pacific Stock Up 0.9%

Shares of NYSE UNP opened at $237.30 on Friday. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84. The firm’s 50-day simple moving average is $226.39 and its 200 day simple moving average is $225.33. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 1.75. The company has a market cap of $140.75 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 2.61 and a beta of 0.99.

Union Pacific (NYSE:UNP) last announced 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. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The company had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6.24 billion. During the same period in the previous year, the firm posted $2.75 earnings per share. The company’s revenue was up 2.5% on a year-over-year basis. On average, research analysts expect 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. Stockholders of record on Friday, December 5th will be paid a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, December 5th. Union Pacific’s dividend payout ratio (DPR) is 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.