Epoch Investment Partners Inc. has $243.25M position in Union Pacific Co. (NYSE:UNP)

VaselineSeptember 22, 2024

0 4 minutes read

Epoch Investment Partners Inc. increased its position in shares of Union Pacific Co. (NYSE:UNP – Free Report) by 55.7% during the second quarter, Holdings Channel reports. The institutional investor owned 1,075,071 shares of the railroad operator’s stock after acquiring an additional 384,814 shares during the quarter. Union Pacific comprises 1.1% of Epoch Investment Partners Inc.’s holdings, making the stock its 14th largest position. Holdings of Epoch Investment Partners Inc. in Union Pacific were worth $243,246,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UNP. Forum Financial Management LP boosted its holdings in shares of Union Pacific by 0.6% in the first quarter. Forum Financial Management LP now owns 7,037 shares of the railroad operator’s stock valued at $1,731,000 after purchasing an additional 41 shares in the last quarter. Prestige Wealth Management Group LLC grew its position in shares of Union Pacific by 1.4% in the first quarter. Prestige Wealth Management Group LLC now owns 3,015 shares of the railroad operator’s stock worth $741,000 after acquiring an additional 42 shares in the last quarter. Fairhaven Wealth Management LLC boosted its holdings in Union Pacific by 1.7% in the 2nd quarter. Fairhaven Wealth Management LLC now owns 2,581 shares of the railroad operator’s stock worth $584,000 after acquiring an additional 43 shares in the last quarter. Chesapeake Wealth Management boosted its stake in Union Pacific by 0.5% in the second quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator’s stock valued at $1,856,000 after purchasing an additional 43 shares during the period. Finally, Elevated Capital Advisors LLC boosted its holdings in shares of Union Pacific by 3.6% in the first quarter. Elevated Capital Advisors LLC now owns 1,269 shares of the railroad operator’s stock valued at $312,000 after purchasing an additional 44 shares in the last quarter. 80.38% of the shares are currently owned by institutional investors.

Union Pacific trading down 1.2%

Shares of NYSE:UNP opened at $245.39 on Friday. The stock has a market cap of $149.72 billion, a PE ratio of 23.42, a P/E/G ratio of 2.24 and a beta of 1.05. The company has a quick ratio of 0.86, a current ratio of 1.05, and a debt-to-equity ratio of 1.89. Union Pacific Co. has a 12-month low of $199.33 and a 12-month high of $258.66. The company has a 50-day moving average of $245.45 and a 200-day moving average of $239.07.

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Union Pacific (NYSE:UNP – Get Your Free Report ) last announced its earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.71 by $0.03. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The company had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $6.05 billion. In the same quarter last year, the business posted earnings per share of $2.57. Union Pacific’s quarterly revenue was up 0.7% on a year-over-year basis. As a group, equities research analysts forecast that Union Pacific Co. will post 11.11 earnings per share for the current year.

Union Pacific has increased its dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be paid a dividend of $1.34 per share. This represents a dividend of $5.36 on an annualized basis and a yield of 2.18%. The ex-dividend date is Friday, August 30. This is a positive change from Union Pacific’s previous quarterly dividend of $1.30. Union Pacific’s dividend payout ratio (DPR) is 51.15%.

Insider buying and selling at Union Pacific

In other news, Chairman Elizabeth F. Whited sold 3,552 shares of the stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total transaction of $875,887.68. Following the sale, the chairman now directly owns 64,945 shares of the company’s stock, valued at approximately $16,014,787.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC’s website. Insiders hold 0.28% of the company’s stock.

Changes in Analyst Ratings

A number of equities research analysts recently issued reports on the company. Susquehanna dropped their target price on Union Pacific from $270.00 to $250.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 25th. Loop Capital downgraded shares of Union Pacific from a “buy” rating to a “hold” rating and cut their price objective for the company from $276.00 to $238.00 in a report on Monday. June 17. TD Cowen cut their price target on shares of Union Pacific from $259.00 to $255.00 and set a “buy” rating for the company in a report on Friday, July 26th. BMO Capital Markets cut their price target on shares of Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, StockNews.com downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Eight investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Moderate Buy” and a consensus price target of $258.79, according to MarketBeat.

See the latest stock report on UNP

Union Pacific Company Profile

(Free Report)

Union Pacific Corporation, through its subsidiary Union Pacific Railroad Company, operates railroads in the United States. The Company provides transportation services for grain and grain products, fertilizer, food and refrigerated products, as well as 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, specialty products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, auto parts, and intermodal containerized cargo.