World Asset Management Inc raised its position in shares of Union Pacific Co. (NYSE:UNP) by 0.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,546 shares of the railroad operator’s stock after buying an additional 398 shares during the period. World Asset Management Inc’s holdings in Union Pacific were worth $9,224,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UNP. Independence Bank of Kentucky raised its stake in Union Pacific by 9.4% in the second quarter. Independence Bank of Kentucky now owns 3,195 shares of the railroad operator’s stock valued at $540,000 after buying an additional 275 shares in the last quarter. Atlantic Union Bankshares Corp raised its stake in Union Pacific by 32.5% in the second quarter. Atlantic Union Bankshares Corp now owns 7,559 shares of the railroad operator’s stock valued at $1,278,000 after buying an additional 1,854 shares in the last quarter. CHICAGO TRUST Co NA raised its stake in Union Pacific by 3.1% in the second quarter. CHICAGO TRUST Co NA now owns 15,458 shares of the railroad operator’s stock valued at $2,614,000 after buying an additional 463 shares in the last quarter. Whittier Trust Co. raised its stake in Union Pacific by 0.9% in the second quarter. Whittier Trust Co. now owns 27,190 shares of the railroad operator’s stock valued at $4,598,000 after buying an additional 244 shares in the last quarter. Finally, Manchester Financial Inc. acquired a new stake in Union Pacific in the second quarter valued at $39,000. Institutional investors and hedge funds own 79.30% of the company’s stock.

In related news, Director William J. Delaney III acquired 5,000 shares of the stock in a transaction dated Monday, May 20th. The stock was bought at an average cost of $174.06 per share, with a total value of $870,300.00. Following the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $870,300. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Robert M. Knight, Jr. sold 1,380 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $180.01, for a total transaction of $248,413.80. Following the sale, the executive vice president now directly owns 94,943 shares of the company’s stock, valued at $17,090,689.43. The disclosure for this sale can be found here. 9.96% of the stock is owned by insiders.

A number of analysts have weighed in on the company. ValuEngine cut United Rentals from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 18th. Loop Capital raised their price target on Union Pacific to $191.00 in a research note on Friday, July 19th. Cascend Securities cut Union Pacific from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Cowen restated a “buy” rating and issued a $184.00 price target on shares of Union Pacific in a research note on Thursday, July 18th. Finally, Citigroup set a $20.00 price target on Compania de Minas Buenaventura SAA and gave the company a “buy” rating in a research note on Thursday, April 4th. One analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company’s stock. Union Pacific presently has a consensus rating of “Buy” and a consensus price target of $182.62.

Shares of NYSE:UNP traded up $2.94 during trading on Monday, hitting $177.17. 2,155,688 shares of the stock were exchanged, compared to its average volume of 3,028,620. The company has a fifty day simple moving average of $170.45. The company has a market capitalization of $124.77 billion, a P/E ratio of 22.40, a PEG ratio of 1.95 and a beta of 1.04. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.58 and a current ratio of 0.72. Union Pacific Co. has a 12-month low of $128.08 and a 12-month high of $180.02.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, July 18th. The railroad operator reported $2.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.12 by $0.10. The business had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.62 billion. Union Pacific had a return on equity of 31.74% and a net margin of 26.95%. The company’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.98 EPS. As a group, research analysts predict that Union Pacific Co. will post 8.96 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.97 per share. This is a positive change from Union Pacific’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $3.88 annualized dividend and a dividend yield of 2.19%. Union Pacific’s payout ratio is 44.50%.

Union Pacific Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.

Further Reading: What does a market perform rating mean?

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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