FORA Capital LLC Takes Position in Union Pacific Corporation $UNP

FORA Capital LLC purchased a new position in shares of Union Pacific Corporation (NYSE:UNP) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 13,762 shares of the railroad operator’s stock, valued at approximately $3,166,000.

A number of other institutional investors and hedge funds have also bought and sold shares of UNP. Vestmark Advisory Solutions Inc. lifted its stake in shares of Union Pacific by 183.8% in the first quarter. Vestmark Advisory Solutions Inc. now owns 10,238 shares of the railroad operator’s stock worth $2,419,000 after acquiring an additional 6,631 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Union Pacific by 24.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,005 shares of the railroad operator’s stock worth $1,182,000 after purchasing an additional 988 shares during the period. Ethic Inc. boosted its stake in shares of Union Pacific by 9.3% in the 1st quarter. Ethic Inc. now owns 34,421 shares of the railroad operator’s stock valued at $8,164,000 after purchasing an additional 2,936 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its position in shares of Union Pacific by 2.7% during the first quarter. Nations Financial Group Inc. IA ADV now owns 3,854 shares of the railroad operator’s stock worth $911,000 after buying an additional 101 shares during the period. Finally, Forvis Mazars Wealth Advisors LLC increased its position in shares of Union Pacific by 5.9% during the first quarter. Forvis Mazars Wealth Advisors LLC now owns 12,561 shares of the railroad operator’s stock worth $2,967,000 after buying an additional 695 shares during the period. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft set a $245.00 price target on shares of Union Pacific in a research report on Thursday. Loop Capital upgraded Union Pacific from a “sell” rating to a “hold” rating and upped their target price for the company from $214.00 to $227.00 in a research report on Tuesday, September 16th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Union Pacific in a research note on Wednesday, October 8th. Citigroup boosted their price target on Union Pacific from $263.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Finally, TD Cowen reduced their price objective on shares of Union Pacific from $258.00 to $257.00 and set a “buy” rating for the company in a research report on Friday, October 24th. One 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $259.54.

Union Pacific Trading Up 1.6%

NYSE UNP opened at $239.90 on Friday. 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 Corporation has a 52 week low of $204.66 and a 52 week high of $256.84. The business has a 50 day moving average price of $226.39 and a 200-day moving average price of $225.79. The company has a market cap of $142.30 billion, a price-to-earnings ratio of 20.38, a P/E/G ratio of 2.66 and a beta of 0.99.

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

Union Pacific Announces Dividend

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

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.