Union Pacific Corporation (NYSE:UNP) Shares Purchased by Baldwin Investment Management LLC

Baldwin Investment Management LLC increased its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 5.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,350 shares of the railroad operator’s stock after acquiring an additional 856 shares during the period. Union Pacific makes up about 0.5% of Baldwin Investment Management LLC’s portfolio, making the stock its 28th largest holding. Baldwin Investment Management LLC’s holdings in Union Pacific were worth $3,863,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Fiduciary Trust Co boosted its holdings in Union Pacific by 2.8% in the 4th quarter. Fiduciary Trust Co now owns 102,213 shares of the railroad operator’s stock worth $23,309,000 after buying an additional 2,807 shares during the last quarter. Sherbrooke Park Advisers LLC acquired a new stake in Union Pacific in the 4th quarter worth about $781,000. Meadow Creek Wealth Advisors LLC boosted its holdings in Union Pacific by 10.9% in the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 3,666 shares of the railroad operator’s stock worth $866,000 after buying an additional 359 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Union Pacific by 16.8% in the 1st quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator’s stock worth $2,491,000 after buying an additional 1,520 shares during the last quarter. Finally, Truist Financial Corp boosted its holdings in Union Pacific by 2.7% in the 1st quarter. Truist Financial Corp now owns 968,061 shares of the railroad operator’s stock worth $228,695,000 after buying an additional 25,900 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UNP has been the topic of several research analyst reports. Stifel Nicolaus lowered 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. Argus upgraded Union Pacific to a “strong-buy” rating in a report on Friday, May 16th. The Goldman Sachs Group reissued a “neutral” rating and issued a $263.00 target price on shares of Union Pacific in a research note on Monday, June 2nd. Redburn Atlantic raised shares of Union Pacific from a “neutral” rating to a “buy” rating and set a $259.00 target price on the stock in a research note on Wednesday, April 16th. Finally, Wells Fargo & Company raised their target price on shares of Union Pacific from $250.00 to $260.00 and gave the stock an “overweight” rating in a research note on Friday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $259.46.

Union Pacific Stock Up 1.9%

UNP stock opened at $224.71 on Monday. The firm has a market cap of $134.26 billion, a PE ratio of 19.52, a PEG ratio of 2.24 and a beta of 1.05. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. Union Pacific Corporation has a one year low of $204.66 and a one year high of $258.07. The firm’s 50 day moving average price is $227.17 and its 200-day moving average price is $231.02.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.19. The company had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.74 earnings per share. On average, equities research analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be given a $1.38 dividend. This is a positive change from Union Pacific’s previous quarterly dividend of $1.34. The ex-dividend date is Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a yield of 2.46%. Union Pacific’s payout ratio is presently 46.57%.

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.