Principal Financial Group Inc. Has $392.58 Million Holdings in Union Pacific Co. (NYSE:UNP)

Principal Financial Group Inc. cut its holdings in shares of Union Pacific Co. (NYSE:UNP) by 14.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,785,016 shares of the railroad operator’s stock after selling 303,572 shares during the quarter. Principal Financial Group Inc. owned about 0.27% of Union Pacific worth $392,579,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of UNP. Total Clarity Wealth Management Inc. acquired a new position in shares of Union Pacific during the first quarter worth approximately $33,000. Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Union Pacific by 73.3% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 65,039 shares of the railroad operator’s stock worth $14,335,000 after buying an additional 27,503 shares during the last quarter. Avidian Wealth Solutions LLC lifted its holdings in shares of Union Pacific by 6.4% during the first quarter. Avidian Wealth Solutions LLC now owns 1,043 shares of the railroad operator’s stock worth $230,000 after buying an additional 63 shares during the last quarter. Donaldson Capital Management LLC lifted its holdings in shares of Union Pacific by 6.1% during the first quarter. Donaldson Capital Management LLC now owns 2,150 shares of the railroad operator’s stock worth $474,000 after buying an additional 123 shares during the last quarter. Finally, Congress Asset Management Co. MA raised its stake in shares of Union Pacific by 8.3% in the first quarter. Congress Asset Management Co. MA now owns 53,435 shares of the railroad operator’s stock valued at $11,778,000 after purchasing an additional 4,113 shares in the last quarter. Institutional investors own 77.07% of the company’s stock.

Shares of UNP stock opened at $203.41 on Wednesday. The stock’s fifty day moving average is $219.08 and its 200-day moving average is $219.84. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.71 and a current ratio of 0.86. The stock has a market capitalization of $132.65 billion, a PE ratio of 23.17, a PEG ratio of 2.07 and a beta of 1.13. Union Pacific Co. has a 52 week low of $171.50 and a 52 week high of $231.26.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 22nd. The railroad operator reported $2.72 EPS for the quarter, topping the Zacks’ consensus estimate of $2.55 by $0.17. Union Pacific had a return on equity of 37.65% and a net margin of 28.60%. The firm had revenue of $5.50 billion during the quarter, compared to analyst estimates of $5.39 billion. During the same period last year, the company earned $1.67 earnings per share. The company’s revenue was up 29.7% on a year-over-year basis. As a group, analysts forecast that Union Pacific Co. will post 10.02 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 30th. Investors of record on Tuesday, August 31st will be paid a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Monday, August 30th. Union Pacific’s dividend payout ratio (DPR) is 52.26%.

A number of brokerages recently commented on UNP. Evercore ISI restated a “buy” rating and issued a $260.00 target price on shares of Union Pacific in a research note on Friday, July 9th. Wells Fargo & Company upped their target price on Union Pacific from $226.00 to $231.00 and gave the company an “equal weight” rating in a research note on Friday, July 9th. Atlantic Securities assumed coverage on Union Pacific in a research note on Monday, July 12th. They issued an “overweight” rating and a $263.00 target price for the company. TD Securities upped their price target on Union Pacific from $245.00 to $255.00 and gave the company a “hold” rating in a research report on Friday, July 23rd. Finally, Barclays upped their price target on Union Pacific from $230.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, May 28th. Six equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Union Pacific presently has a consensus rating of “Buy” and a consensus target price of $244.89.

Union Pacific 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.

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

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