Thrivent Financial for Lutherans Increases Stock Position in Union Pacific Corporation $UNP

Thrivent Financial for Lutherans grew its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 3.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 117,492 shares of the railroad operator’s stock after buying an additional 3,519 shares during the period. Thrivent Financial for Lutherans’ holdings in Union Pacific were worth $27,134,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CBIZ Investment Advisory Services LLC boosted its stake in Union Pacific by 1,400.0% during the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock worth $28,000 after acquiring an additional 112 shares in the last quarter. Howard Hughes Medical Institute purchased a new position in shares of Union Pacific during the second quarter valued at approximately $30,000. Financial Gravity Companies Inc. bought a new stake in shares of Union Pacific in the 2nd quarter worth approximately $31,000. Access Investment Management LLC purchased a new stake in shares of Union Pacific in the 2nd quarter worth approximately $32,000. Finally, WPG Advisers LLC purchased a new stake in shares of Union Pacific in the 1st quarter worth approximately $33,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UNP has been the subject of a number of recent research reports. Loop Capital upgraded Union Pacific from a “sell” rating to a “hold” rating and lifted their price objective for the company from $214.00 to $227.00 in a research note on Tuesday, September 16th. Weiss Ratings restated a “hold (c+)” rating on shares of Union Pacific in a report on Wednesday, October 8th. UBS Group set a $253.00 price target on Union Pacific and gave the stock a “neutral” rating in a research report on Friday, October 3rd. Deutsche Bank Aktiengesellschaft set a $245.00 price objective on shares of Union Pacific in a research report on Thursday. Finally, Citigroup lifted their target price on shares of Union Pacific from $263.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $259.54.

Union Pacific Trading Up 0.3%

Union Pacific stock opened at $240.72 on Tuesday. Union Pacific Corporation has a one year low of $204.66 and a one year high of $256.84. The business’s fifty day moving average is $226.45 and its 200 day moving average is $225.94. The stock has a market capitalization of $142.78 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 2.66 and a beta of 0.99. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.75 and a quick ratio of 0.60.

Union Pacific (NYSE:UNP) last issued 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. 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%.Union Pacific’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.75 EPS. On average, sell-side analysts predict that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 5th will be issued a $1.38 dividend. The ex-dividend date is Friday, December 5th. This represents a $5.52 annualized dividend and a yield of 2.3%. Union Pacific’s dividend payout ratio (DPR) is currently 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.