Union Pacific Corporation $UNP Position Lessened by Federated Hermes Inc.

Federated Hermes Inc. lowered its stake in shares of Union Pacific Corporation (NYSE:UNP) by 23.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,107 shares of the railroad operator’s stock after selling 17,391 shares during the quarter. Federated Hermes Inc.’s holdings in Union Pacific were worth $13,735,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Acadian Asset Management LLC boosted its stake in Union Pacific by 40.4% during the 1st quarter. Acadian Asset Management LLC now owns 2,312 shares of the railroad operator’s stock valued at $546,000 after purchasing an additional 665 shares during the period. Pure Financial Advisors LLC bought a new stake in shares of Union Pacific during the second quarter valued at approximately $660,000. Patriot Financial Group Insurance Agency LLC boosted its position in shares of Union Pacific by 14.1% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 3,611 shares of the railroad operator’s stock worth $831,000 after buying an additional 447 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Union Pacific by 10.5% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,179 shares of the railroad operator’s stock worth $17,067,000 after buying an additional 7,056 shares during the period. Finally, Triad Wealth Partners LLC increased its position in Union Pacific by 16.2% in the 2nd quarter. Triad Wealth Partners LLC now owns 1,748 shares of the railroad operator’s stock valued at $402,000 after acquiring an additional 244 shares during the period. 80.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on UNP shares. Deutsche Bank Aktiengesellschaft set a $245.00 price target on Union Pacific in a research report on Thursday, December 11th. JPMorgan Chase & Co. reduced their price objective on shares of Union Pacific from $270.00 to $265.00 and set a “neutral” rating for the company in a report on Wednesday. Citigroup reiterated a “buy” rating and issued a $270.00 target price (up previously from $265.00) on shares of Union Pacific in a research report on Wednesday. Barclays restated 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. Finally, TD Cowen decreased their price objective on shares of Union Pacific from $257.00 to $255.00 and set a “buy” rating for the company in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $258.32.

Union Pacific Stock Up 0.7%

NYSE UNP opened at $235.14 on Friday. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $253.20. The company has a market capitalization of $139.48 billion, a P/E ratio of 19.64, a PEG ratio of 2.57 and a beta of 0.99. The company’s 50 day simple moving average is $232.21 and its 200 day simple moving average is $226.78. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.91 and a quick ratio of 0.60.

Union Pacific (NYSE:UNP) last issued its earnings results on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.06). The business had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.15 billion. Union Pacific had a return on equity of 40.89% and a net margin of 29.12%.The company’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.91 earnings per share. Equities research analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Friday, December 5th were given a dividend of $1.38 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.3%. Union Pacific’s payout ratio is 46.12%.

Union Pacific Company 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.