Handelsbanken Fonder AB Acquires 670 Shares of Union Pacific Corporation $UNP

Handelsbanken Fonder AB increased its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 0.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 280,441 shares of the railroad operator’s stock after purchasing an additional 670 shares during the quarter. Handelsbanken Fonder AB’s holdings in Union Pacific were worth $64,524,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in UNP. Envestnet Portfolio Solutions Inc. boosted its stake in Union Pacific by 10.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 93,337 shares of the railroad operator’s stock valued at $21,475,000 after buying an additional 8,925 shares during the last quarter. LGT Group Foundation increased its stake in Union Pacific by 9.7% in the 1st quarter. LGT Group Foundation now owns 5,398 shares of the railroad operator’s stock worth $1,275,000 after acquiring an additional 477 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its holdings in shares of Union Pacific by 26.4% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 23,875 shares of the railroad operator’s stock worth $5,494,000 after acquiring an additional 4,980 shares in the last quarter. Nuveen LLC bought a new position in shares of Union Pacific during the 1st quarter valued at approximately $988,822,000. Finally, SlateStone Wealth LLC boosted its position in shares of Union Pacific by 6.2% during 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. 80.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on UNP. BMO Capital Markets decreased their price target 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. TD Cowen reduced 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. Barclays downgraded shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 30th. The Goldman Sachs Group set a $263.00 price objective on Union Pacific and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Finally, Royal Bank Of Canada upped their price objective on Union Pacific from $257.00 to $276.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $261.63.

Union Pacific Stock Performance

Shares of NYSE:UNP opened at $221.34 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.75. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84. The company has a market capitalization of $131.29 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 2.27 and a beta of 1.04. The firm’s 50-day moving average is $224.59 and its 200 day moving average is $224.74.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.09. The business had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6.24 billion. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.75 earnings per share. Research analysts predict that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Friday, December 5th will be given a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, December 5th. Union Pacific’s dividend payout ratio 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.