Ameriprise Financial Inc. Has $1.63 Billion Stock Holdings in Union Pacific Corporation $UNP

Ameriprise Financial Inc. reduced its stake in Union Pacific Corporation (NYSE:UNP) by 4.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,104,354 shares of the railroad operator’s stock after selling 335,761 shares during the quarter. Ameriprise Financial Inc. owned about 1.20% of Union Pacific worth $1,634,614,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Union Pacific in the 2nd quarter valued at $1,856,340,000. Northern Trust Corp raised 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 worth $1,678,575,000 after buying an additional 142,732 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings 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 valued at $1,641,715,000 after buying an additional 354,463 shares during the period. Fisher Asset Management LLC boosted its position in Union Pacific by 0.7% during the second quarter. Fisher Asset Management LLC now owns 6,398,715 shares of the railroad operator’s stock valued at $1,472,217,000 after acquiring an additional 46,436 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in Union Pacific by 1.7% during the 1st 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 during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Price Performance

Shares of NYSE UNP opened at $239.90 on Friday. The stock has a market cap of $142.30 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 2.62 and a beta of 0.99. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.60 and a current ratio of 0.75. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84. The firm’s 50-day simple moving average is $226.39 and its 200 day simple moving average is $225.78.

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

Union Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders 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 yield of 2.3%. Union Pacific’s dividend payout ratio (DPR) is 46.90%.

Analysts Set New Price Targets

A number of brokerages have weighed in on UNP. Citigroup lifted their target price on Union Pacific from $263.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of Union Pacific in a research report on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on Union Pacific from $265.00 to $267.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Deutsche Bank Aktiengesellschaft set a $245.00 target price on Union Pacific in a research report on Thursday. Finally, Loop Capital upgraded Union Pacific from a “sell” rating to a “hold” rating and increased their price target for the stock from $214.00 to $227.00 in a report on Tuesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, Union Pacific presently has an average rating of “Moderate Buy” and a consensus target price of $259.54.

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, 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.