Envestnet Portfolio Solutions Inc. Buys 2,506 Shares of Union Pacific Corporation $UNP

Envestnet Portfolio Solutions Inc. lifted its stake in shares of Union Pacific Corporation (NYSE:UNP) by 3.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,345 shares of the railroad operator’s stock after acquiring an additional 2,506 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Union Pacific were worth $21,854,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its stake in Union Pacific by 34.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,583,702 shares of the railroad operator’s stock worth $702,765,000 after purchasing an additional 662,335 shares during the period. State Street Corp increased its holdings in Union Pacific by 4.9% during the 2nd quarter. State Street Corp now owns 27,890,598 shares of the railroad operator’s stock worth $7,586,243,000 after purchasing an additional 1,302,732 shares in the last quarter. Security National Bank of Sioux City Iowa IA raised its stake in shares of Union Pacific by 26.0% in the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 10,566 shares of the railroad operator’s stock valued at $2,874,000 after purchasing an additional 2,180 shares during the period. Smith Chas P & Associates PA Cpas raised its stake in shares of Union Pacific by 1.0% in the 2nd quarter. Smith Chas P & Associates PA Cpas now owns 123,606 shares of the railroad operator’s stock valued at $33,621,000 after purchasing an additional 1,265 shares during the period. Finally, Talon Private Wealth LLC lifted its holdings in shares of Union Pacific by 3.9% in the second quarter. Talon Private Wealth LLC now owns 1,768 shares of the railroad operator’s stock valued at $481,000 after purchasing an additional 66 shares in the last quarter. 80.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a research report on Monday, July 13th. Erste Group Bank assumed coverage on Union Pacific in a research note on Thursday, August 27th. They issued a “buy” rating on the stock. Benchmark boosted their target price on Union Pacific from $325.00 to $335.00 and gave the company a “buy” rating in a research note on Friday, July 24th. TD Cowen reaffirmed a “buy” rating and set a $325.00 price target (up from $282.00) on shares of Union Pacific in a research report on Friday, July 24th. Finally, UBS Group raised shares of Union Pacific from a “neutral” rating to a “buy” rating and raised their price target for the stock from $310.00 to $339.00 in a research note on Wednesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $327.72.

Union Pacific Stock Performance

UNP stock traded up $0.87 during trading hours on Wednesday, hitting $275.28. 1,890,477 shares of the stock were exchanged, compared to its average volume of 3,042,144. Union Pacific Corporation has a 12 month low of $215.53 and a 12 month high of $315.99. 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 capitalization of $163.54 billion, a P/E ratio of 22.29, a P/E/G ratio of 2.69 and a beta of 0.96. The company has a 50-day simple moving average of $294.05 and a two-hundred day simple moving average of $272.47.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, beating the consensus estimate of $3.26 by $0.15. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The business had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.72 billion. During the same period in the prior year, the company posted $3.03 earnings per share. Union Pacific’s revenue was up 11.5% compared to the same quarter last year. On average, analysts forecast that Union Pacific Corporation will post 13.01 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be issued a $1.42 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a yield of 2.1%. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s payout ratio is presently 45.99%.

About Union Pacific

Union Pacific Corporation is a transportation company that operates Union Pacific Railroad, one of the largest freight railroad networks in the United States. The company provides rail transportation and logistics services for a broad range of commodities, including agricultural products, automotive goods, chemicals, coal, industrial products, and intermodal shipments.

Union Pacific’s railroad network serves the western two-thirds of the United States, connecting major markets and ports across approximately 23 states.