Mercer Global Advisors Inc. ADV Raises Position in Union Pacific Co. (NYSE:UNP)

Mercer Global Advisors Inc. ADV raised its holdings in shares of Union Pacific Co. (NYSE:UNP) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,639 shares of the railroad operator’s stock after acquiring an additional 2,012 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Union Pacific were worth $18,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Wealth Alliance Advisory Group LLC grew its holdings in shares of Union Pacific by 1.8% in the second quarter. Wealth Alliance Advisory Group LLC now owns 2,587 shares of the railroad operator’s stock valued at $569,000 after purchasing an additional 46 shares in the last quarter. Financial Management Professionals Inc. grew its holdings in shares of Union Pacific by 10.5% in the second quarter. Financial Management Professionals Inc. now owns 484 shares of the railroad operator’s stock valued at $106,000 after purchasing an additional 46 shares in the last quarter. Hancock Whitney Corp grew its holdings in shares of Union Pacific by 0.9% in the second quarter. Hancock Whitney Corp now owns 5,270 shares of the railroad operator’s stock valued at $1,159,000 after purchasing an additional 46 shares in the last quarter. Trillium Asset Management LLC lifted its stake in Union Pacific by 1.6% in the first quarter. Trillium Asset Management LLC now owns 3,003 shares of the railroad operator’s stock worth $662,000 after acquiring an additional 47 shares during the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in Union Pacific by 3.2% in the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,548 shares of the railroad operator’s stock worth $340,000 after acquiring an additional 48 shares during the last quarter. Institutional investors and hedge funds own 77.07% of the company’s stock.

Shares of NYSE:UNP opened at $203.41 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 0.86 and a debt-to-equity ratio of 1.94. Union Pacific Co. has a 52-week low of $171.50 and a 52-week high of $231.26. The company has a 50 day moving average of $219.08 and a two-hundred day moving average of $219.84. The company has a market capitalization of $132.65 billion, a price-to-earnings ratio of 23.17, a price-to-earnings-growth ratio of 2.07 and a beta of 1.13.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, July 22nd. The railroad operator reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.17. The business had revenue of $5.50 billion during the quarter, compared to analyst estimates of $5.39 billion. Union Pacific had a net margin of 28.60% and a return on equity of 37.65%. The business’s revenue was up 29.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.67 earnings per share. On average, equities analysts anticipate that Union Pacific Co. will post 10.02 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 30th. Investors of record on Tuesday, August 31st will be issued a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 2.10%. The ex-dividend date is Monday, August 30th. Union Pacific’s payout ratio is currently 52.26%.

A number of research analysts recently issued reports on the stock. Royal Bank of Canada lifted their price target on shares of Union Pacific from $259.00 to $261.00 and gave the stock an “outperform” rating in a research note on Friday, July 23rd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Union Pacific from $252.00 to $256.00 and gave the stock a “buy” rating in a research report on Tuesday, June 15th. Wells Fargo & Company boosted their price objective on shares of Union Pacific from $226.00 to $231.00 and gave the stock an “equal weight” rating in a research report on Friday, July 9th. Atlantic Securities initiated coverage on shares of Union Pacific in a research report on Monday, July 12th. They set an “overweight” rating and a $263.00 price objective for the company. Finally, Barclays lifted their target price on shares of Union Pacific from $230.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, May 28th. Six investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Union Pacific currently has an average rating of “Buy” and an average price target of $244.89.

Union Pacific Company Profile

Union Pacific Corp. engages in the provision of railroad and freight transportation services. Its principal operating company, Union Pacific Railroad Co, operates as a railroad franchise. The Railroad’s diversified business mix includes agricultural products, automotive, chemicals, coal, industrial products, and intermodal.

See Also: Dividend Kings

Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

Receive News & Ratings for Union Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Union Pacific and related companies with MarketBeat.com's FREE daily email newsletter.