Alliancebernstein L.P. Has $553.62 Million Stock Position in Union Pacific Corporation $UNP

Alliancebernstein L.P. boosted its stake in Union Pacific Corporation (NYSE:UNP) by 53.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,342,161 shares of the railroad operator’s stock after acquiring an additional 813,735 shares during the period. Alliancebernstein L.P. owned 0.39% of Union Pacific worth $553,617,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Union Pacific in the 2nd quarter worth approximately $1,856,340,000. Capital World Investors increased its position in shares of Union Pacific by 193.3% during the third quarter. Capital World Investors now owns 10,481,043 shares of the railroad operator’s stock worth $2,477,404,000 after buying an additional 6,908,016 shares during the period. Capital Research Global Investors raised its stake in Union Pacific by 95.0% during the third quarter. Capital Research Global Investors now owns 8,713,196 shares of the railroad operator’s stock worth $2,059,538,000 after buying an additional 4,244,226 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Union Pacific by 72.7% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,177,002 shares of the railroad operator’s stock worth $2,169,168,000 after buying an additional 3,861,636 shares during the last quarter. Finally, Laurel Wealth Advisors LLC lifted its holdings in Union Pacific by 22,618.2% in the second quarter. Laurel Wealth Advisors LLC now owns 2,624,636 shares of the railroad operator’s stock valued at $603,876,000 after buying an additional 2,613,083 shares during the period. Institutional investors own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on UNP shares. Barclays reaffirmed 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. TD Cowen dropped their price objective on Union Pacific from $257.00 to $255.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Robert W. Baird set a $311.00 price objective on Union Pacific and gave the company an “outperform” rating in a research note on Friday, March 6th. Weiss Ratings raised Union Pacific from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 6th. Finally, Royal Bank Of Canada set a $280.00 target price on Union Pacific in a report on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Union Pacific presently has an average rating of “Moderate Buy” and an average price target of $263.77.

Union Pacific Price Performance

Shares of UNP opened at $242.22 on Friday. The business’s fifty day moving average is $246.47 and its 200 day moving average is $233.81. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $268.14. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 1.64. The stock has a market cap of $143.73 billion, a P/E ratio of 20.24, a P/E/G ratio of 2.65 and a beta of 0.95.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Tuesday, January 27th. The railroad operator reported $2.86 EPS for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.06). Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. The business had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.15 billion. During the same quarter last year, the firm posted $2.91 EPS. The business’s revenue for the quarter was down .6% compared to the same quarter last year. Sell-side analysts anticipate 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, March 31st. Stockholders of record on Friday, February 27th will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.52 annualized dividend and a dividend yield of 2.3%. Union Pacific’s payout ratio is presently 46.12%.

Union Pacific 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.