Union Pacific Corporation $UNP Shares Purchased by Bessemer Group Inc.

Bessemer Group Inc. grew its position in shares of Union Pacific Corporation (NYSE:UNP) by 29.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 653,589 shares of the railroad operator’s stock after purchasing an additional 149,158 shares during the period. Bessemer Group Inc. owned approximately 0.11% of Union Pacific worth $154,488,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Acadian Asset Management LLC raised its stake in Union Pacific by 40.4% during the first quarter. Acadian Asset Management LLC now owns 2,312 shares of the railroad operator’s stock worth $546,000 after acquiring an additional 665 shares during the period. Wealthcare Advisory Partners LLC grew its stake in shares of Union Pacific by 40.8% in the second quarter. Wealthcare Advisory Partners LLC now owns 5,007 shares of the railroad operator’s stock worth $1,152,000 after purchasing an additional 1,452 shares in the last quarter. SteelPeak Wealth LLC grew its position in Union Pacific by 5.8% in the 2nd quarter. SteelPeak Wealth LLC now owns 2,287 shares of the railroad operator’s stock valued at $526,000 after buying an additional 125 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Union Pacific by 4.1% in the second quarter. Venturi Wealth Management LLC now owns 3,729 shares of the railroad operator’s stock valued at $858,000 after acquiring an additional 147 shares in the last quarter. Finally, Sax Wealth Advisors LLC boosted its stake in Union Pacific by 22.0% during the 2nd quarter. Sax Wealth Advisors LLC now owns 1,651 shares of the railroad operator’s stock valued at $380,000 after purchasing an additional 298 shares in the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Price Performance

UNP opened at $249.78 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.60 and a debt-to-equity ratio of 1.64. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $253.20. The stock has a fifty day moving average price of $233.05 and a 200 day moving average price of $227.08. The stock has a market cap of $148.16 billion, a price-to-earnings ratio of 20.87, a PEG ratio of 2.63 and a beta of 0.98.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.92 by ($0.06). Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. The firm had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.15 billion. During the same quarter in the prior year, the firm earned $2.91 earnings per share. The firm’s quarterly revenue was down .6% compared to the same quarter last year. Analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Friday, December 5th were issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, December 5th. Union Pacific’s dividend payout ratio (DPR) is 46.12%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on UNP. Citigroup reaffirmed a “buy” rating and set a $270.00 target price (up from $265.00) on shares of Union Pacific in a research report on Wednesday, January 28th. TD Cowen lowered their price objective on shares of Union Pacific from $257.00 to $255.00 and set a “buy” rating on the stock in a research report on Wednesday, January 28th. JPMorgan Chase & Co. cut their target price on shares of Union Pacific from $270.00 to $265.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 28th. Royal Bank Of Canada set a $280.00 target price on Union Pacific in a research report on Thursday, December 18th. Finally, Barclays reissued an “overweight” rating and set a $285.00 price target (up from $270.00) on shares of Union Pacific in a research report on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, Union Pacific currently has an average rating of “Moderate Buy” and a consensus price target of $258.32.

Union Pacific Company Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.