Envestnet Asset Management Inc. Has $702.76 Million Stock Holdings in Union Pacific Corporation $UNP

Envestnet Asset Management Inc. raised its position in Union Pacific Corporation (NYSE:UNP) by 34.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 2,583,702 shares of the railroad operator’s stock after buying an additional 662,335 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Union Pacific were worth $702,765,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. State Street Corp lifted its position in shares of Union Pacific by 4.9% in the second 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 grew its position in Union Pacific by 26.0% in the second 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 in the last quarter. Smith Chas P & Associates PA Cpas increased its stake in 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 buying an additional 1,265 shares during the last quarter. Talon Private Wealth LLC increased its stake in Union Pacific by 3.9% in the 2nd quarter. Talon Private Wealth LLC now owns 1,768 shares of the railroad operator’s stock valued at $481,000 after buying an additional 66 shares during the last quarter. Finally, Bouchey Financial Group Ltd. lifted its position in Union Pacific by 3.9% during the 2nd quarter. Bouchey Financial Group Ltd. now owns 8,030 shares of the railroad operator’s stock worth $2,184,000 after buying an additional 303 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Performance

Shares of UNP stock traded up $0.87 on Wednesday, reaching $275.28. The stock had a trading volume of 1,890,477 shares, 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 firm has a market capitalization of $163.54 billion, a price-to-earnings ratio of 22.29, a P/E/G ratio of 2.69 and a beta of 0.96. The firm’s 50-day moving average is $294.05 and its two-hundred day moving average is $272.47. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, topping analysts’ consensus estimates of $3.26 by $0.15. The business had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.72 billion. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.Union Pacific’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the company posted $3.03 earnings per share. On average, research analysts expect that Union Pacific Corporation will post 13.01 EPS 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. Stockholders of record on Monday, August 31st will be given a $1.42 dividend. The ex-dividend date of this dividend is Monday, August 31st. This is a positive change from Union Pacific’s previous quarterly dividend of $1.38. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.1%. Union Pacific’s payout ratio is 45.99%.

Analyst Ratings Changes

A number of equities analysts have recently commented on UNP shares. Barclays restated an “overweight” rating and set a $350.00 price objective (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. BMO Capital Markets reiterated a “market perform” rating and set a $320.00 target price (up from $285.00) on shares of Union Pacific in a report on Friday, July 24th. Royal Bank Of Canada raised Union Pacific from an “outperform” rating to a “buy” rating in a research report on Wednesday, September 16th. Benchmark raised their price target on Union Pacific from $325.00 to $335.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Finally, Evercore reaffirmed an “outperform” rating and set a $294.00 price target on shares of Union Pacific in a research report on Thursday, June 25th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $327.72.

Union Pacific Profile

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.