Orion Portfolio Solutions LLC lessened its position in shares of Union Pacific Co. (NYSE:UNP – Get Rating) by 8.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,750 shares of the railroad operator’s stock after selling 971 shares during the period. Orion Portfolio Solutions LLC’s holdings in Union Pacific were worth $2,293,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently made changes to their positions in the company. Kovitz Investment Group Partners LLC increased its stake in Union Pacific by 648.4% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 23,208 shares of the railroad operator’s stock worth $6,341,000 after purchasing an additional 20,107 shares during the period. Baker Tilly Wealth Management LLC increased its stake in Union Pacific by 19.9% during the 1st quarter. Baker Tilly Wealth Management LLC now owns 7,836 shares of the railroad operator’s stock valued at $2,141,000 after purchasing an additional 1,299 shares in the last quarter. Laurel Wealth Advisors Inc. raised its holdings in Union Pacific by 266.6% in the 4th quarter. Laurel Wealth Advisors Inc. now owns 5,466 shares of the railroad operator’s stock worth $1,377,000 after acquiring an additional 3,975 shares during the last quarter. Ascent Group LLC bought a new position in shares of Union Pacific during the fourth quarter valued at $1,183,000. Finally, Ieq Capital LLC boosted its holdings in shares of Union Pacific by 16.0% during the 1st quarter. Ieq Capital LLC now owns 18,831 shares of the railroad operator’s stock valued at $5,145,000 after acquiring an additional 2,600 shares during the last quarter. Institutional investors own 77.89% of the company’s stock.
Wall Street Analyst Weigh In
UNP has been the topic of a number of research reports. Susquehanna downgraded shares of Union Pacific from a “positive” rating to a “neutral” rating and set a $235.00 price objective on the stock. in a report on Wednesday, July 6th. They noted that the move was a valuation call. JPMorgan Chase & Co. downgraded Union Pacific from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $272.00 to $232.00 in a research report on Tuesday, July 12th. Wells Fargo & Company cut their price target on Union Pacific from $265.00 to $218.00 and set an “equal weight” rating for the company in a report on Friday, July 15th. Bank of America raised Union Pacific from a “neutral” rating to a “buy” rating and set a $260.00 price objective on the stock in a research report on Monday, September 12th. Finally, Cowen reduced their target price on shares of Union Pacific to $261.00 in a report on Friday, July 22nd. Twelve equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $247.22.
Union Pacific Stock Performance
Union Pacific (NYSE:UNP – Get Rating) last announced its quarterly earnings data on Thursday, July 21st. The railroad operator reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $0.11. Union Pacific had a net margin of 29.23% and a return on equity of 52.00%. The company had revenue of $6.27 billion during the quarter, compared to analyst estimates of $6.11 billion. During the same quarter last year, the business posted $2.72 EPS. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. Research analysts predict that Union Pacific Co. will post 11.55 EPS for the current year.
Union Pacific Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Wednesday, August 31st will be paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Tuesday, August 30th. Union Pacific’s dividend payout ratio (DPR) is currently 48.46%.
Union Pacific Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.
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