HighTower Advisors LLC Trims Holdings in Union Pacific Corporation $UNP

HighTower Advisors LLC lessened its stake in Union Pacific Corporation (NYSE:UNP) by 1.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 708,990 shares of the railroad operator’s stock after selling 7,075 shares during the period. HighTower Advisors LLC’s holdings in Union Pacific were worth $192,845,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Tucker Asset Management LLC acquired a new stake in Union Pacific in the fourth quarter valued at $25,000. SWAN Capital LLC grew its stake in shares of Union Pacific by 2,575.0% during the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock worth $25,000 after purchasing an additional 103 shares during the period. Cornerstone Financial Management LLC purchased a new position in shares of Union Pacific in the 4th quarter valued at about $27,000. Scarborough Advisors LLC purchased a new position in shares of Union Pacific in the 1st quarter valued at about $27,000. Finally, Merkkuri Wealth Advisors LLC acquired a new stake in shares of Union Pacific in the first quarter valued at about $29,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on UNP shares. Citizens Jmp started coverage on Union Pacific in a research report on Wednesday, July 15th. They set an “outperform” rating and a $350.00 target price on the stock. TD Cowen restated a “buy” rating and issued a $325.00 price target (up from $282.00) on shares of Union Pacific in a research report on Friday, July 24th. Benchmark lifted their price target on Union Pacific from $325.00 to $335.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. The Goldman Sachs Group set a $317.00 price objective on shares of Union Pacific and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $335.00 price objective (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Union Pacific presently has an average rating of “Moderate Buy” and an average price target of $320.89.

Union Pacific Stock Down 0.0%

Shares of NYSE UNP opened at $289.54 on Monday. The stock has a fifty day moving average price of $293.96 and a 200 day moving average price of $271.00. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40. Union Pacific Corporation has a 12-month low of $210.84 and a 12-month high of $315.99. The company has a market cap of $172.01 billion, a P/E ratio of 23.44, a P/E/G ratio of 2.88 and a beta of 0.96.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, beating the consensus estimate of $3.26 by $0.15. The company had revenue of $6.86 billion during 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%.The company’s revenue was up 11.5% on a year-over-year basis. During the same period last year, the firm earned $3.03 earnings per share. Research analysts anticipate that Union Pacific Corporation will post 13.02 EPS for the current fiscal year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be issued a $1.42 dividend. This is a positive change from Union Pacific’s previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 annualized dividend and a dividend yield of 2.0%. Union Pacific’s dividend payout ratio (DPR) is 45.99%.

Union Pacific Company 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.