Portside Wealth Group LLC Purchases 953 Shares of Union Pacific Corporation $UNP

Portside Wealth Group LLC grew its holdings in Union Pacific Corporation (NYSE:UNP) by 24.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,815 shares of the railroad operator’s stock after purchasing an additional 953 shares during the quarter. Portside Wealth Group LLC’s holdings in Union Pacific were worth $1,108,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of UNP. Envestnet Portfolio Solutions Inc. grew its stake in shares of Union Pacific by 10.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 93,337 shares of the railroad operator’s stock worth $21,475,000 after purchasing an additional 8,925 shares during the period. LGT Group Foundation lifted its stake in Union Pacific by 9.7% in the first quarter. LGT Group Foundation now owns 5,398 shares of the railroad operator’s stock valued at $1,275,000 after buying an additional 477 shares during the period. Commerzbank Aktiengesellschaft FI boosted its holdings in Union Pacific by 26.4% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 23,875 shares of the railroad operator’s stock worth $5,494,000 after buying an additional 4,980 shares during the last quarter. Nuveen LLC acquired a new position in shares of Union Pacific during the 1st quarter worth about $988,822,000. Finally, SlateStone Wealth LLC increased its stake in shares of Union Pacific by 6.2% in the 1st quarter. SlateStone Wealth LLC now owns 13,264 shares of the railroad operator’s stock valued at $3,133,000 after acquiring an additional 772 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on UNP. Jefferies Financial Group raised shares of Union Pacific from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $250.00 to $285.00 in a research note on Friday, July 25th. Royal Bank Of Canada increased their target price on shares of Union Pacific from $257.00 to $276.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. BMO Capital Markets decreased their price target on shares of Union Pacific from $277.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, October 24th. Susquehanna restated a “positive” rating and issued a $272.00 price objective (up previously from $257.00) on shares of Union Pacific in a research report on Thursday, September 25th. Finally, Cowen reiterated a “buy” rating on shares of Union Pacific in a report 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 stock. Based on data from MarketBeat, Union Pacific presently has a consensus rating of “Moderate Buy” and an average price target of $261.63.

Union Pacific Trading Down 0.0%

Shares of NYSE:UNP opened at $220.97 on Wednesday. The firm has a market cap of $131.07 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 2.27 and a beta of 1.04. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84. The company’s fifty day simple moving average is $224.36 and its 200 day simple moving average is $224.79. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 1.75.

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 firm had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6.24 billion. During the same period in the prior year, the business earned $2.75 EPS. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, research analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 5th will be issued a dividend of $1.38 per share. The ex-dividend date is Friday, December 5th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.5%. Union Pacific’s dividend payout ratio (DPR) 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.