Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in Union Pacific Co. (NYSE:UNP) by 7.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,393 shares of the railroad operator’s stock after purchasing an additional 2,197 shares during the period. Union Pacific comprises approximately 0.9% of Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings, making the stock its 29th largest position. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Union Pacific were worth $5,140,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. AQR Capital Management LLC increased its stake in shares of Union Pacific by 14.6% during the 2nd quarter. AQR Capital Management LLC now owns 400,554 shares of the railroad operator’s stock worth $67,738,000 after purchasing an additional 51,138 shares in the last quarter. Man Group plc grew its stake in Union Pacific by 35.1% in the 2nd quarter. Man Group plc now owns 117,038 shares of the railroad operator’s stock worth $19,793,000 after acquiring an additional 30,411 shares during the period. PointState Capital LP grew its stake in Union Pacific by 32.9% in the 2nd quarter. PointState Capital LP now owns 654,162 shares of the railroad operator’s stock worth $110,625,000 after acquiring an additional 161,954 shares during the period. Capital Bank & Trust Co grew its stake in Union Pacific by 85.7% in the 2nd quarter. Capital Bank & Trust Co now owns 2,048 shares of the railroad operator’s stock worth $346,000 after acquiring an additional 945 shares during the period. Finally, Balyasny Asset Management LLC grew its stake in Union Pacific by 745.2% in the 2nd quarter. Balyasny Asset Management LLC now owns 326,107 shares of the railroad operator’s stock worth $55,148,000 after acquiring an additional 287,522 shares during the period. Hedge funds and other institutional investors own 77.77% of the company’s stock.
Several analysts have commented on the stock. Atlantic Securities raised shares of Union Pacific from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $175.00 to $195.00 in a research note on Friday, July 26th. Cowen reissued a “buy” rating and set a $184.00 price objective on shares of Union Pacific in a research note on Thursday, July 18th. Raymond James set a $197.00 price objective on shares of Union Pacific and gave the company a “buy” rating in a research note on Friday, July 19th. Goldman Sachs Group initiated coverage on shares of Union Pacific in a research note on Wednesday, July 10th. They set a “buy” rating and a $198.00 price objective for the company. Finally, Barclays cut shares of Union Pacific from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $190.00 to $170.00 in a research note on Thursday, June 13th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Union Pacific has a consensus rating of “Buy” and an average target price of $183.15.
Shares of NYSE:UNP traded up $0.25 during midday trading on Friday, hitting $167.37. 892,432 shares of the company’s stock traded hands, compared to its average volume of 3,125,884. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.58 and a current ratio of 0.72. The company has a market cap of $117.59 billion, a PE ratio of 21.16, a P/E/G ratio of 1.87 and a beta of 1.06. The firm’s fifty day moving average price is $166.30 and its two-hundred day moving average price is $169.40. Union Pacific Co. has a twelve month low of $128.08 and a twelve month high of $180.54.
Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, July 18th. The railroad operator reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.10. Union Pacific had a net margin of 26.95% and a return on equity of 31.74%. The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.62 billion. During the same quarter in the previous year, the business posted $1.98 EPS. The firm’s revenue was down 1.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Union Pacific Co. will post 8.93 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $3.88 dividend on an annualized basis and a yield of 2.32%. This is a positive change from Union Pacific’s previous quarterly dividend of $0.88. Union Pacific’s payout ratio is currently 49.05%.
About Union Pacific
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.
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