Union Pacific Corporation (NYSE:UNP) Shares Acquired by SouthState Corp

SouthState Corp grew its stake in Union Pacific Corporation (NYSE:UNP) by 2.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,649 shares of the railroad operator’s stock after acquiring an additional 989 shares during the quarter. SouthState Corp’s holdings in Union Pacific were worth $12,202,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of UNP. Highline Wealth Partners LLC increased its position in shares of Union Pacific by 103.5% during the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator’s stock worth $27,000 after purchasing an additional 59 shares during the last quarter. Financial Gravity Asset Management Inc. acquired a new stake in shares of Union Pacific during the 1st quarter worth about $32,000. Strategic Investment Solutions Inc. IL increased its position in shares of Union Pacific by 38.8% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator’s stock worth $39,000 after purchasing an additional 45 shares during the last quarter. Cornerstone Planning Group LLC increased its position in shares of Union Pacific by 50.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock worth $37,000 after purchasing an additional 56 shares during the last quarter. Finally, IMA Advisory Services Inc. acquired a new stake in shares of Union Pacific during the 1st quarter worth about $43,000. 80.38% of the stock is owned by institutional investors and hedge funds.

Union Pacific Price Performance

Shares of NYSE UNP opened at $222.27 on Friday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $258.07. The firm has a market capitalization of $131.82 billion, a PE ratio of 19.31, a price-to-earnings-growth ratio of 2.17 and a beta of 1.05. The stock’s 50-day simple moving average is $227.09 and its 200-day simple moving average is $230.45.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.19. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%. The business had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same quarter last year, the company earned $2.74 EPS. The business’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, equities research analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be given a dividend of $1.38 per share. This is a boost from Union Pacific’s previous quarterly dividend of $1.34. The ex-dividend date of this dividend is Friday, August 29th. This represents a $5.52 annualized dividend and a dividend yield of 2.5%. Union Pacific’s dividend payout ratio is 46.57%.

Analyst Ratings Changes

A number of analysts recently issued reports on UNP shares. Morgan Stanley cut their price objective on Union Pacific from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Monday, July 7th. Royal Bank Of Canada raised their price objective on Union Pacific from $257.00 to $276.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Evercore ISI cut their price objective on Union Pacific from $244.00 to $238.00 and set an “in-line” rating for the company in a research report on Friday, July 25th. Citigroup cut Union Pacific from a “strong-buy” rating to a “hold” rating and lowered their target price for the company from $270.00 to $250.00 in a report on Wednesday, July 30th. Finally, BMO Capital Markets raised their target price on Union Pacific from $270.00 to $277.00 and gave the company an “outperform” rating in a report on Friday, July 25th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $258.21.

About Union Pacific

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.