Allspring Global Investments Holdings LLC Purchases 167,725 Shares of Union Pacific Corporation $UNP

Allspring Global Investments Holdings LLC increased its position in shares of Union Pacific Corporation (NYSE:UNP) by 88.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 357,828 shares of the railroad operator’s stock after acquiring an additional 167,725 shares during the period. Allspring Global Investments Holdings LLC owned about 0.06% of Union Pacific worth $82,984,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in UNP. Capital World Investors raised its position in Union Pacific by 193.3% during the 3rd quarter. Capital World Investors now owns 10,481,043 shares of the railroad operator’s stock worth $2,477,404,000 after purchasing an additional 6,908,016 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted 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 acquiring an additional 3,861,636 shares in the last quarter. Capital Research Global Investors increased its stake in Union Pacific by 95.0% in the third quarter. Capital Research Global Investors now owns 8,713,196 shares of the railroad operator’s stock valued at $2,059,538,000 after purchasing an additional 4,244,226 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Union Pacific by 18.9% in the third quarter. Franklin Resources Inc. now owns 7,164,334 shares of the railroad operator’s stock valued at $1,693,434,000 after buying an additional 1,139,926 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Union Pacific by 3.2% in the 3rd quarter. Northern Trust Corp now owns 6,881,628 shares of the railroad operator’s stock valued at $1,626,610,000 after acquiring an additional 210,184 shares in the last quarter. 80.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on UNP. Raymond James Financial restated a “strong-buy” rating on shares of Union Pacific in a research note on Tuesday, January 27th. Royal Bank Of Canada set a $280.00 price target on Union Pacific in a research report on Thursday, December 18th. Citigroup reissued a “buy” rating and issued a $270.00 price objective (up from $265.00) on shares of Union Pacific in a research report on Wednesday, January 28th. Barclays restated an “overweight” rating and issued a $285.00 price objective (up from $270.00) on shares of Union Pacific in a research note on Tuesday, December 16th. Finally, JPMorgan Chase & Co. lowered their target price on Union Pacific from $270.00 to $265.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $265.18.

Union Pacific Trading Up 1.4%

Shares of UNP opened at $242.55 on Wednesday. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $268.14. The stock has a market cap of $143.93 billion, a PE ratio of 20.26, a P/E/G ratio of 2.61 and a beta of 0.95. 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 business’s 50-day moving average price is $248.96 and its 200-day moving average price is $235.56.

Union Pacific (NYSE:UNP) last released its quarterly earnings data 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 firm had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.15 billion. During the same quarter last year, the business posted $2.91 earnings per share. Union Pacific’s revenue was down .6% compared to the same quarter last year. On average, equities analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, February 27th were issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, February 27th. Union Pacific’s dividend payout ratio (DPR) is currently 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.