Mercer Global Advisors Inc. ADV raised its stake in Union Pacific Co. (NYSE:UNP) by 2.4% in the second quarter, Holdings Channel reports. The firm owned 84,639 shares of the railroad operator’s stock after acquiring an additional 2,012 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Union Pacific were worth $18,615,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the business. BlackRock Inc. grew its stake in Union Pacific by 1.0% in the first quarter. BlackRock Inc. now owns 46,797,183 shares of the railroad operator’s stock valued at $10,314,568,000 after purchasing an additional 444,914 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Union Pacific by 3.4% in the first quarter. Ameriprise Financial Inc. now owns 10,982,858 shares of the railroad operator’s stock valued at $2,427,089,000 after purchasing an additional 361,413 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Union Pacific by 1.7% during the 1st quarter. Geode Capital Management LLC now owns 9,936,581 shares of the railroad operator’s stock worth $2,184,058,000 after acquiring an additional 167,431 shares during the period. Nuveen Asset Management LLC boosted its stake in shares of Union Pacific by 9.2% during the 1st quarter. Nuveen Asset Management LLC now owns 7,674,309 shares of the railroad operator’s stock worth $1,691,494,000 after acquiring an additional 647,017 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Union Pacific by 4.7% during the 1st quarter. Bank of New York Mellon Corp now owns 7,427,558 shares of the railroad operator’s stock worth $1,637,109,000 after acquiring an additional 334,963 shares during the period. Hedge funds and other institutional investors own 77.07% of the company’s stock.
Several research analysts have recently commented on the company. Credit Suisse Group lifted their target price on Union Pacific from $260.00 to $264.00 and gave the stock an “outperform” rating in a research note on Friday, July 23rd. Barclays boosted their price target on Union Pacific from $230.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, May 28th. Atlantic Securities assumed coverage on Union Pacific in a research note on Monday, July 12th. They issued an “overweight” rating and a $263.00 price target for the company. Evercore ISI restated a “buy” rating and issued a $260.00 price target on shares of Union Pacific in a research note on Friday, July 9th. Finally, TD Securities boosted their price target on Union Pacific from $245.00 to $255.00 and gave the company a “hold” rating in a research note on Friday, July 23rd. Six analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Union Pacific presently has a consensus rating of “Buy” and an average price target of $244.89.
Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, July 22nd. The railroad operator reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.17. The business had revenue of $5.50 billion for the quarter, compared to analyst estimates of $5.39 billion. Union Pacific had a return on equity of 37.65% and a net margin of 28.60%. Union Pacific’s quarterly revenue was up 29.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 EPS. As a group, equities research analysts expect that Union Pacific Co. will post 10.02 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 30th. Shareholders of record on Tuesday, August 31st will be given a $1.07 dividend. The ex-dividend date is Monday, August 30th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.10%. Union Pacific’s dividend payout ratio (DPR) is presently 52.26%.
Union Pacific Company Profile
Union Pacific Corp. engages in the provision of railroad and freight transportation services. Its principal operating company, Union Pacific Railroad Co, operates as a railroad franchise. The Railroad’s diversified business mix includes agricultural products, automotive, chemicals, coal, industrial products, and intermodal.
Featured Article: How can investors invest in the Euro STOXX 50 Index?
Want to see what other hedge funds are holding UNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Pacific Co. (NYSE:UNP).
Receive News & Ratings for Union Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Union Pacific and related companies with MarketBeat.com's FREE daily email newsletter.