Exchange Traded Concepts LLC Raises Stake in Union Pacific Corporation $UNP

Exchange Traded Concepts LLC boosted its stake in Union Pacific Corporation (NYSE:UNP) by 1,045.7% in the 3rd quarter, Holdings Channel reports. The firm owned 14,596 shares of the railroad operator’s stock after acquiring an additional 13,322 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Union Pacific were worth $3,450,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Redwood Investment Management LLC bought a new position in Union Pacific in the 1st quarter valued at $210,000. Ieq Capital LLC raised its position in shares of Union Pacific by 5.6% in the first quarter. Ieq Capital LLC now owns 34,330 shares of the railroad operator’s stock worth $8,110,000 after buying an additional 1,808 shares in the last quarter. CreativeOne Wealth LLC raised its position in shares of Union Pacific by 1.6% in the first quarter. CreativeOne Wealth LLC now owns 17,098 shares of the railroad operator’s stock worth $4,039,000 after buying an additional 268 shares in the last quarter. Transamerica Financial Advisors LLC boosted its stake in Union Pacific by 1.4% during the first quarter. Transamerica Financial Advisors LLC now owns 4,109 shares of the railroad operator’s stock valued at $971,000 after buying an additional 58 shares during the period. Finally, State of Wyoming grew its position in Union Pacific by 51.8% during the first quarter. State of Wyoming now owns 390 shares of the railroad operator’s stock worth $92,000 after buying an additional 133 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Price Performance

UNP stock opened at $235.05 on Friday. The firm has a market cap of $139.42 billion, a P/E ratio of 19.97, a P/E/G ratio of 2.73 and a beta of 0.99. The firm’s fifty day moving average is $227.57 and its 200 day moving average is $226.65. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $256.84. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.60 and a current ratio of 0.75.

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

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Friday, December 5th will be given a $1.38 dividend. The ex-dividend date is Friday, December 5th. This represents a $5.52 annualized dividend and a yield of 2.3%. Union Pacific’s payout ratio is presently 46.90%.

Analyst Ratings Changes

Several research firms have weighed in on UNP. BMO Capital Markets lowered their price target on Union Pacific from $277.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, October 24th. Cowen reaffirmed a “buy” rating on shares of Union Pacific in a research note on Friday, October 24th. Loop Capital upgraded shares of Union Pacific from a “sell” rating to a “hold” rating and lifted their target price for the company from $214.00 to $227.00 in a research report on Tuesday, September 16th. TD Cowen cut their price target on shares of Union Pacific from $258.00 to $257.00 and set a “buy” rating for the company in a research note on Friday, October 24th. Finally, Royal Bank Of Canada set a $280.00 price objective on shares of Union Pacific in a research report on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, Union Pacific has a consensus rating of “Moderate Buy” and an average target price of $260.33.

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.