Gateway Investment Advisers LLC Has $2.72 Million Position in Union Pacific Co. (NYSE:UNP)

Gateway Investment Advisers LLC boosted its stake in Union Pacific Co. (NYSE:UNPGet Rating) by 4.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,736 shares of the railroad operator’s stock after purchasing an additional 559 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Union Pacific were worth $2,716,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UNP. Orion Capital Management LLC bought a new position in Union Pacific in the first quarter worth approximately $25,000. Aspire Private Capital LLC raised its position in shares of Union Pacific by 92.3% during the first quarter. Aspire Private Capital LLC now owns 100 shares of the railroad operator’s stock worth $27,000 after purchasing an additional 48 shares during the period. Dravo Bay LLC bought a new stake in Union Pacific during the 1st quarter valued at $29,000. Delos Wealth Advisors LLC acquired a new position in Union Pacific during the fourth quarter worth $30,000. Finally, Cyrus J. Lawrence LLC bought a new position in shares of Union Pacific in the first quarter valued at $34,000. 77.89% of the stock is owned by institutional investors.

Union Pacific Price Performance

Union Pacific stock opened at $209.17 on Friday. The business has a 50-day simple moving average of $226.03 and a 200 day simple moving average of $230.71. Union Pacific Co. has a 52 week low of $195.93 and a 52 week high of $278.94. The stock has a market cap of $130.62 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 1.83 and a beta of 1.14. The company has a quick ratio of 0.53, a current ratio of 0.66 and a debt-to-equity ratio of 2.33.

Union Pacific (NYSE:UNPGet Rating) last posted its quarterly earnings data on Thursday, July 21st. The railroad operator reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.82 by $0.11. Union Pacific had a net margin of 29.23% and a return on equity of 52.00%. The company had revenue of $6.27 billion for the quarter, compared to analysts’ expectations of $6.11 billion. During the same period in the prior year, the business earned $2.72 earnings per share. Union Pacific’s revenue for the quarter was up 13.9% compared to the same quarter last year. On average, research analysts forecast that Union Pacific Co. will post 11.55 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Wednesday, August 31st will be given a $1.30 dividend. The ex-dividend date is Tuesday, August 30th. This represents a $5.20 annualized dividend and a yield of 2.49%. Union Pacific’s dividend payout ratio (DPR) is presently 48.46%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on UNP. JPMorgan Chase & Co. downgraded shares of Union Pacific from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $272.00 to $232.00 in a research report on Tuesday, July 12th. Morgan Stanley cut their price target on shares of Union Pacific from $210.00 to $207.00 and set an “equal weight” rating on the stock in a report on Friday, July 22nd. Raymond James reduced their price target on shares of Union Pacific from $285.00 to $250.00 and set a “strong-buy” rating for the company in a research report on Friday, July 8th. Sanford C. Bernstein lowered shares of Union Pacific from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $234.00 to $230.00 in a research report on Wednesday, September 14th. Finally, Barclays reduced their target price on shares of Union Pacific from $290.00 to $255.00 and set an “overweight” rating for the company in a research report on Tuesday, June 21st. Twelve research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Union Pacific presently has a consensus rating of “Hold” and a consensus target price of $247.22.

Union Pacific Profile

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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, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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