Union Pacific Corporation $UNP Shares Acquired by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG increased its position in Union Pacific Corporation (NYSE:UNP) by 48.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,963 shares of the railroad operator’s stock after acquiring an additional 4,211 shares during the period. Bank Pictet & Cie Europe AG’s holdings in Union Pacific were worth $3,528,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of UNP. Wiser Advisor Group LLC purchased a new stake in Union Pacific during the second quarter worth $30,000. Scarborough Advisors LLC acquired a new position in shares of Union Pacific during the 1st quarter worth $27,000. Merkkuri Wealth Advisors LLC acquired a new position in shares of Union Pacific during the 1st quarter worth $29,000. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Union Pacific during the 2nd quarter worth $34,000. Finally, Clark Wealth Partners boosted its position in shares of Union Pacific by 37.4% in the 3rd quarter. Clark Wealth Partners now owns 136 shares of the railroad operator’s stock worth $37,000 after buying an additional 37 shares in the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Wells Fargo & Company reissued an “overweight” rating and issued a $335.00 price objective (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. Benchmark upped their price target on shares of Union Pacific from $325.00 to $335.00 and gave the company a “buy” rating in a report on Friday, July 24th. JPMorgan Chase & Co. lowered their price target on shares of Union Pacific from $334.00 to $322.00 and set a “neutral” rating on the stock in a research report on Monday, October 5th. Citizens Jmp assumed coverage on shares of Union Pacific in a research note on Wednesday, July 15th. They set an “outperform” rating and a $350.00 price objective for the company. Finally, Erste Group Bank initiated coverage on Union Pacific in a research report on Thursday, August 27th. They set a “buy” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Union Pacific presently has an average rating of “Moderate Buy” and a consensus price target of $325.00.

Union Pacific Trading Up 0.2%

Shares of UNP traded up $0.54 on Tuesday, hitting $287.55. 761,466 shares of the stock traded hands, compared to its average volume of 2,955,336. Union Pacific Corporation has a 1 year low of $215.53 and a 1 year high of $315.99. The stock’s 50 day moving average is $287.63 and its two-hundred day moving average is $277.18. The firm has a market capitalization of $170.83 billion, a P/E ratio of 23.26, a P/E/G ratio of 2.87 and a beta of 0.95. 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 released its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, topping the consensus estimate of $3.26 by $0.15. The firm had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.72 billion. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. Union Pacific’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the previous year, the company earned $3.03 EPS. As a group, sell-side analysts predict that Union Pacific Corporation will post 13.05 earnings per share for the current year.

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st were given a $1.42 dividend. This is an increase 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 2.0%. The ex-dividend date of this dividend was Monday, August 31st. Union Pacific’s dividend payout ratio (DPR) is presently 45.99%.

About Union Pacific

Union Pacific Corporation (NYSE: UNP) is a transportation company that operates one of the largest freight railroad networks in the United States. Through its Union Pacific Railroad subsidiary, the company moves goods across the western two-thirds of the country, connecting major agricultural, industrial, energy, population and port markets.

Union Pacific transports a broad range of commodities and products, including agricultural goods, automotive shipments, chemicals, coal, industrial products, forest products and intermodal containers.