Envestnet Asset Management Inc. Purchases 7,037 Shares of Union Pacific Co. (NYSE:UNP)

Envestnet Asset Management Inc. increased its position in shares of Union Pacific Co. (NYSE:UNPFree Report) by 0.4% during the 4th quarter, Holdings Channel reports. The firm owned 2,016,909 shares of the railroad operator’s stock after acquiring an additional 7,037 shares during the period. Envestnet Asset Management Inc.’s holdings in Union Pacific were worth $495,393,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Valued Wealth Advisors LLC bought a new stake in Union Pacific during the 4th quarter valued at approximately $28,000. Stuart Chaussee & Associates Inc. bought a new stake in Union Pacific during the 4th quarter valued at approximately $36,000. Fortitude Family Office LLC bought a new stake in Union Pacific during the 4th quarter valued at approximately $44,000. USA Financial Formulas raised its stake in Union Pacific by 219.6% during the 4th quarter. USA Financial Formulas now owns 179 shares of the railroad operator’s stock valued at $44,000 after purchasing an additional 123 shares during the period. Finally, Private Wealth Management Group LLC bought a new stake in Union Pacific during the 4th quarter valued at approximately $46,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on UNP. JPMorgan Chase & Co. lifted their target price on Union Pacific from $237.00 to $243.00 and gave the company a “neutral” rating in a research note on Tuesday, April 9th. Wells Fargo & Company began coverage on Union Pacific in a research note on Friday. They issued an “overweight” rating and a $270.00 price objective on the stock. The Goldman Sachs Group lifted their price objective on Union Pacific from $248.00 to $274.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Stifel Nicolaus raised Union Pacific from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $248.00 to $267.00 in a research note on Friday, May 3rd. Finally, Raymond James reaffirmed a “strong-buy” rating and issued a $280.00 price objective (up previously from $275.00) on shares of Union Pacific in a research note on Friday, April 26th. Six research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $260.70.

Check Out Our Latest Analysis on Union Pacific

Union Pacific Price Performance

UNP opened at $227.97 on Friday. The business has a fifty day moving average of $237.04 and a 200 day moving average of $240.49. Union Pacific Co. has a 52-week low of $194.60 and a 52-week high of $258.66. The company has a quick ratio of 0.76, a current ratio of 0.93 and a debt-to-equity ratio of 1.99. The stock has a market cap of $139.09 billion, a P/E ratio of 21.75, a PEG ratio of 1.86 and a beta of 1.05.

Union Pacific (NYSE:UNPGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The railroad operator reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.50 by $0.19. Union Pacific had a return on equity of 44.34% and a net margin of 26.52%. The company had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $5.97 billion. During the same quarter in the previous year, the business earned $2.67 EPS. Union Pacific’s revenue was down .4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Union Pacific Co. will post 11.25 EPS for the current year.

Union Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Friday, May 31st. Union Pacific’s payout ratio is currently 49.62%.

About Union Pacific

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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