Union Pacific Corporation $UNP Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. cut its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 31.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,498 shares of the railroad operator’s stock after selling 34,651 shares during the period. Federated Hermes Inc.’s holdings in Union Pacific were worth $17,371,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in UNP. Norges Bank bought a new stake in shares of Union Pacific during the 2nd quarter worth $1,856,340,000. Northern Trust Corp lifted its stake in Union Pacific by 2.0% during the first quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator’s stock valued at $1,678,575,000 after buying an additional 142,732 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 buying an additional 354,463 shares during the period. Fisher Asset Management LLC increased its position in shares of Union Pacific by 0.7% in the second quarter. Fisher Asset Management LLC now owns 6,398,715 shares of the railroad operator’s stock worth $1,472,217,000 after acquiring an additional 46,436 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Union Pacific by 1.7% during the first quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator’s stock valued at $1,206,191,000 after acquiring an additional 86,292 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Performance

Shares of UNP stock opened at $235.12 on Thursday. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84. The stock’s 50-day moving average is $226.29 and its two-hundred day moving average is $225.58. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.75 and a quick ratio of 0.60. The firm has a market cap of $139.47 billion, a P/E ratio of 19.98, a PEG ratio of 2.57 and a beta of 0.99.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.08 EPS for the quarter, beating 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 business had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6.24 billion. During the same quarter in the previous year, the business posted $2.75 EPS. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. Analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 5th will be paid a dividend of $1.38 per share. The ex-dividend date is Friday, December 5th. This represents a $5.52 annualized dividend and a dividend yield of 2.3%. Union Pacific’s dividend payout ratio is 46.90%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on UNP. BMO Capital Markets decreased their price objective on shares of Union Pacific from $277.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday, October 24th. Citigroup raised their target price on Union Pacific from $263.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. The Goldman Sachs Group set a $263.00 price target on Union Pacific and gave the company a “neutral” rating in a report on Thursday, October 23rd. Susquehanna reissued a “positive” rating and issued a $272.00 price objective (up from $257.00) on shares of Union Pacific in a research note on Thursday, September 25th. Finally, UBS Group set a $253.00 price objective on Union Pacific and gave the stock a “neutral” rating in a research report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $261.63.

Union Pacific Company 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, 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.