Envestnet Portfolio Solutions Inc. Purchases 20,173 Shares of Union Pacific Co. (NYSE:UNP)

Envestnet Portfolio Solutions Inc. raised its position in shares of Union Pacific Co. (NYSE:UNP) by 19.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 126,369 shares of the railroad operator’s stock after acquiring an additional 20,173 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Union Pacific were worth $31,078,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Empirical Finance LLC boosted its position in shares of Union Pacific by 3.4% in the 1st quarter. Empirical Finance LLC now owns 22,685 shares of the railroad operator’s stock worth $5,579,000 after purchasing an additional 743 shares in the last quarter. Duality Advisers LP purchased a new position in Union Pacific in the 1st quarter worth approximately $4,780,000. Manchester Capital Management LLC raised its holdings in Union Pacific by 2.3% in the 1st quarter. Manchester Capital Management LLC now owns 8,754 shares of the railroad operator’s stock worth $2,153,000 after acquiring an additional 200 shares during the last quarter. Mittelman Wealth Management purchased a new position in Union Pacific in the 1st quarter worth approximately $1,565,000. Finally, Oxbow Advisors LLC purchased a new position in Union Pacific in the 1st quarter worth approximately $227,000. 80.38% of the stock is owned by institutional investors.

Union Pacific Price Performance

Union Pacific stock traded up $1.48 during mid-day trading on Friday, hitting $230.20. The stock had a trading volume of 1,912,316 shares, compared to its average volume of 2,268,841. The firm’s 50 day moving average is $231.01 and its 200 day moving average is $239.30. Union Pacific Co. has a one year low of $199.33 and a one year high of $258.66. The firm has a market capitalization of $140.45 billion, a P/E ratio of 21.82, a P/E/G ratio of 1.91 and a beta of 1.06. The company has a current ratio of 0.93, a quick ratio of 0.76 and a debt-to-equity ratio of 1.99.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, April 25th. The railroad operator reported $2.69 EPS for the quarter, beating the consensus estimate of $2.50 by $0.19. Union Pacific had a net margin of 26.52% and a return on equity of 44.34%. The business had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $5.97 billion. During the same quarter in the prior year, the firm earned $2.67 EPS. The business’s revenue was down .4% on a year-over-year basis. On average, sell-side analysts forecast that Union Pacific Co. will post 11.22 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 31st were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Friday, May 31st. Union Pacific’s dividend payout ratio (DPR) is presently 49.62%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on UNP. JPMorgan Chase & Co. boosted their price objective on shares of Union Pacific from $237.00 to $243.00 and gave the stock a “neutral” rating in a report on Tuesday, April 9th. Loop Capital lowered shares of Union Pacific from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $276.00 to $238.00 in a report on Monday, June 17th. Susquehanna decreased their price objective on shares of Union Pacific from $270.00 to $250.00 and set a “neutral” rating for the company in a report on Tuesday, June 25th. StockNews.com lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Finally, Benchmark boosted their target price on shares of Union Pacific from $260.00 to $266.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $258.63.

About Union Pacific

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.