Pictet North America Advisors SA Increases Position in Union Pacific Corporation (NYSE:UNP)

Pictet North America Advisors SA raised its position in shares of Union Pacific Corporation (NYSE:UNP) by 11.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,928 shares of the railroad operator’s stock after purchasing an additional 1,689 shares during the period. Pictet North America Advisors SA’s holdings in Union Pacific were worth $3,999,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in UNP. Highline Wealth Partners LLC raised its holdings 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 valued at $27,000 after buying an additional 59 shares in the last quarter. EnRich Financial Partners LLC purchased a new stake in Union Pacific in the fourth quarter worth approximately $31,000. Strategic Investment Solutions Inc. IL grew its position in Union Pacific by 38.8% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator’s stock valued at $39,000 after acquiring an additional 45 shares during the last quarter. MorganRosel Wealth Management LLC purchased a new position in shares of Union Pacific during the first quarter worth approximately $60,000. Finally, Meeder Asset Management Inc. raised its stake in shares of Union Pacific by 223.2% during the fourth quarter. Meeder Asset Management Inc. now owns 307 shares of the railroad operator’s stock worth $70,000 after acquiring an additional 212 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Up 2.4%

Shares of NYSE UNP opened at $235.61 on Wednesday. The firm has a fifty day simple moving average of $222.77 and a two-hundred day simple moving average of $230.68. The company has a current ratio of 0.73, a quick ratio of 0.61 and a debt-to-equity ratio of 1.91. The firm has a market capitalization of $140.77 billion, a PE ratio of 21.23, a price-to-earnings-growth ratio of 2.31 and a beta of 1.05. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $258.07.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, April 24th. The railroad operator reported $2.70 EPS for the quarter, missing analysts’ consensus estimates of $2.73 by ($0.03). Union Pacific had a return on equity of 40.80% and a net margin of 27.76%. The company had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.11 billion. During the same period in the prior year, the firm earned $2.69 earnings per share. The business’s revenue for the quarter was down .1% compared to the same quarter last year. Equities analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, May 30th were paid a $1.34 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.27%. Union Pacific’s dividend payout ratio is currently 48.29%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on UNP shares. Robert W. Baird began coverage on shares of Union Pacific in a research note on Tuesday. They issued a “neutral” rating and a $231.00 price objective for the company. Susquehanna raised shares of Union Pacific from a “neutral” rating to a “positive” rating and boosted their price target for the stock from $245.00 to $260.00 in a research note on Tuesday, June 24th. Redburn Atlantic raised Union Pacific from a “neutral” rating to a “buy” rating and set a $259.00 price objective on the stock in a research note on Wednesday, April 16th. Stifel Nicolaus decreased their price objective on Union Pacific from $270.00 to $248.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of Union Pacific in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $256.91.

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.