Federated Hermes Inc. Has $17.37 Million Stake in Union Pacific Corporation $UNP

Federated Hermes Inc. trimmed its stake in Union Pacific Corporation (NYSE:UNP) by 31.5% during the second quarter, Holdings Channel reports. The fund owned 75,498 shares of the railroad operator’s stock after selling 34,651 shares during the quarter. Federated Hermes Inc.’s holdings in Union Pacific were worth $17,371,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in UNP. Pines Wealth Management LLC raised its position in shares of Union Pacific by 1.7% in the second quarter. Pines Wealth Management LLC now owns 2,520 shares of the railroad operator’s stock valued at $595,000 after purchasing an additional 43 shares during the period. Titleist Asset Management LLC grew its stake in Union Pacific by 1.1% in the 1st quarter. Titleist Asset Management LLC now owns 4,004 shares of the railroad operator’s stock valued at $946,000 after buying an additional 44 shares during the last quarter. Five Oceans Advisors raised its holdings in Union Pacific by 3.9% in the 2nd quarter. Five Oceans Advisors now owns 1,183 shares of the railroad operator’s stock worth $272,000 after acquiring an additional 44 shares during the period. St. Johns Investment Management Company LLC lifted its position in Union Pacific by 1.6% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 3,012 shares of the railroad operator’s stock worth $693,000 after acquiring an additional 46 shares during the last quarter. Finally, Schubert & Co boosted its holdings in Union Pacific by 1.9% during the second quarter. Schubert & Co now owns 2,511 shares of the railroad operator’s stock valued at $578,000 after acquiring an additional 47 shares during the period. Institutional investors own 80.38% of the company’s stock.

Union Pacific Price Performance

Shares of NYSE:UNP opened at $235.12 on Thursday. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84. The firm has a market capitalization of $139.47 billion, a PE ratio of 19.98, a PEG ratio of 2.57 and a beta of 0.99. The business’s 50 day moving average is $226.29 and its 200-day moving average is $225.58. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.75.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.09. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.The business had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6.24 billion. During the same period in the prior year, the company posted $2.75 earnings per share. Union Pacific’s revenue was up 2.5% on a year-over-year basis. Sell-side analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 5th will be 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 is Friday, December 5th. Union Pacific’s dividend payout ratio (DPR) is presently 46.90%.

Analyst Ratings Changes

A number of equities analysts have recently commented on UNP shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Union Pacific in a research note on Wednesday, October 8th. Loop Capital raised Union Pacific from a “sell” rating to a “hold” rating and raised their target price for the company from $214.00 to $227.00 in a report on Tuesday, September 16th. Cowen reiterated a “buy” rating on shares of Union Pacific in a report on Friday, October 24th. Susquehanna reissued a “positive” rating and issued a $272.00 price objective (up from $257.00) on shares of Union Pacific in a research report on Thursday, September 25th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Union Pacific from $265.00 to $267.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $261.63.

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.