Union Pacific Corporation $UNP Position Lessened by Associated Banc Corp

Associated Banc Corp lowered its position in Union Pacific Corporation (NYSE:UNP) by 4.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,836 shares of the railroad operator’s stock after selling 3,667 shares during the quarter. Associated Banc Corp’s holdings in Union Pacific were worth $19,749,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Northern Trust Corp increased its holdings in Union Pacific by 2.0% in the first quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator’s stock worth $1,678,575,000 after buying an additional 142,732 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Union Pacific by 5.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,949,345 shares of the railroad operator’s stock worth $1,641,715,000 after acquiring an additional 354,463 shares in the last quarter. Royal Bank of Canada grew its position in Union Pacific by 1.7% in the first quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator’s stock worth $1,206,191,000 after acquiring an additional 86,292 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Union Pacific by 10.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock worth $1,092,893,000 after purchasing an additional 452,788 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Union Pacific during the 1st quarter valued at $988,822,000. 80.38% of the stock is owned by institutional investors and hedge funds.

Union Pacific Price Performance

Shares of NYSE:UNP opened at $224.52 on Tuesday. The business has a 50 day moving average price of $224.99 and a 200 day moving average price of $225.02. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84. The company has a market cap of $133.18 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 2.27 and a beta of 1.04. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 1.75.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.08 EPS for the quarter, topping the consensus estimate of $2.99 by $0.09. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.The company had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6.24 billion. During the same period in the previous year, the business posted $2.75 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. Research analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 5th will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, December 5th. Union Pacific’s dividend payout ratio is presently 46.90%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on UNP shares. Loop Capital upgraded shares of Union Pacific from a “sell” rating to a “hold” rating and upped their price objective for the stock from $214.00 to $227.00 in a report on Tuesday, September 16th. Cowen reaffirmed a “buy” rating on shares of Union Pacific in a research report on Friday, October 24th. BMO Capital Markets decreased their price target on Union Pacific from $277.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday, October 24th. JPMorgan Chase & Co. raised their price objective on Union Pacific from $265.00 to $267.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Union Pacific in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Union Pacific has a consensus rating of “Moderate Buy” and a consensus target price of $261.63.

About Union Pacific

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, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.