Envestnet Asset Management Inc. Buys 662,335 Shares of Union Pacific Corporation $UNP

by · The Markets Daily

Envestnet Asset Management Inc. boosted its position in shares of Union Pacific Corporation (NYSE:UNP – Free Report) by 34.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,583,702 shares of the railroad operator’s stock after buying an additional 662,335 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.43% of Union Pacific worth $702,765,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in UNP. Capital Advisors Inc. OK increased its position in Union Pacific by 1.8% in the second quarter. Capital Advisors Inc. OK now owns 1,888 shares of the railroad operator’s stock worth $513,000 after purchasing an additional 34 shares during the period. Tiemann Investment Advisors LLC raised its holdings in Union Pacific by 1.7% during the 2nd quarter. Tiemann Investment Advisors LLC now owns 2,117 shares of the railroad operator’s stock worth $576,000 after purchasing an additional 35 shares during the last quarter. Burford Brothers Inc. lifted its holdings in Union Pacific by 1.9% in the second quarter. Burford Brothers Inc. now owns 1,877 shares of the railroad operator’s stock valued at $511,000 after buying an additional 35 shares during the period. TFR Capital LLC. boosted its position in shares of Union Pacific by 3.8% in the 2nd quarter. TFR Capital LLC. now owns 979 shares of the railroad operator’s stock worth $266,000 after purchasing an additional 36 shares during the last quarter. Finally, Key Financial Inc boosted its holdings in Union Pacific by 2.1% during the first quarter. Key Financial Inc now owns 1,821 shares of the railroad operator’s stock worth $442,000 after buying an additional 38 shares during the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on UNP shares. The Goldman Sachs Group set a $317.00 price objective on shares of Union Pacific and gave the company a “neutral” rating in a report on Thursday, July 23rd. Citigroup lifted their price target on shares of Union Pacific from $326.00 to $349.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Erste Group Bank assumed coverage on shares of Union Pacific in a research report on Thursday, August 27th. They issued a “buy” rating for the company. TD Cowen reaffirmed a “buy” rating and set a $325.00 price objective (up from $282.00) on shares of Union Pacific in a research note on Friday, July 24th. Finally, Benchmark lifted their target price on Union Pacific from $325.00 to $335.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $327.72.

Read Our Latest Analysis on Union Pacific

Union Pacific Stock Up 0.3%

NYSE UNP traded up $0.87 during trading hours on Wednesday, reaching $275.28. 1,890,477 shares of the company’s stock were exchanged, compared to its average volume of 3,042,144. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.82 and a current ratio of 0.99. The company has a market capitalization of $163.54 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 2.69 and a beta of 0.96. The company’s 50-day moving average is $294.05 and its two-hundred day moving average is $272.47. Union Pacific Corporation has a one year low of $215.53 and a one year high of $315.99.

Union Pacific (NYSE:UNP – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $3.26 by $0.15. The firm had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.72 billion. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The business’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.03 earnings per share. On average, analysts forecast that Union Pacific Corporation will post 13.01 EPS for the current fiscal year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be given a $1.42 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 annualized dividend and a yield of 2.1%. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s payout ratio is presently 45.99%.

Union Pacific Profile

(Free Report)

Union Pacific Corporation is a transportation company that operates Union Pacific Railroad, one of the largest freight railroad networks in the United States. The company provides rail transportation and logistics services for a broad range of commodities, including agricultural products, automotive goods, chemicals, coal, industrial products, and intermodal shipments.

Union Pacific’s railroad network serves the western two-thirds of the United States, connecting major markets and ports across approximately 23 states.

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