Fintel reports that on July 26, 2023, RBC Capital upgraded their outlook for Union Pacific (NYSE:UNP) from Sector Perform to Outperform .
Analyst Price Forecast Suggests 3.44% Upside
As of July 6, 2023, the average one-year price target for Union Pacific is 222.96. The forecasts range from a low of 172.71 to a high of $259.35. The average price target represents an increase of 3.44% from its latest reported closing price of 215.55.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Union Pacific is 25,738MM, an increase of 2.66%. The projected annual non-GAAP EPS is 12.01.
Union Pacific Declares $1.30 Dividend
On May 18, 2023 the company declared a regular quarterly dividend of $1.30 per share ($5.20 annualized). Shareholders of record as of May 31, 2023 received the payment on June 30, 2023. Previously, the company paid $1.30 per share.
At the current share price of $215.55 / share, the stock's dividend yield is 2.41%.
Looking back five years and taking a sample every week, the average dividend yield has been 2.18%, the lowest has been 1.70%, and the highest has been 3.40%. The standard deviation of yields is 0.29 (n=235).
The current dividend yield is 0.83 standard deviations above the historical average.
The company's 3-Year dividend growth rate is 0.34%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 3570 funds or institutions reporting positions in Union Pacific. This is a decrease of 7 owner(s) or 0.20% in the last quarter. Average portfolio weight of all funds dedicated to UNP is 0.55%, an increase of 5.32%. Total shares owned by institutions increased in the last three months by 6.16% to 590,029K shares. 
The put/call ratio of UNP is 0.74, indicating a bullish outlook.
What are Other Shareholders Doing?
Ofi Invest Asset Management holds 37,907K shares representing 6.21% ownership of the company.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 18,945K shares representing 3.10% ownership of the company. In it's prior filing, the firm reported owning 18,689K shares, representing an increase of 1.35%. The firm decreased its portfolio allocation in UNP by 9.02% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 14,278K shares representing 2.34% ownership of the company. In it's prior filing, the firm reported owning 14,212K shares, representing an increase of 0.46%. The firm decreased its portfolio allocation in UNP by 9.45% over the last quarter.
Bank Of America holds 13,366K shares representing 2.19% ownership of the company. In it's prior filing, the firm reported owning 13,851K shares, representing a decrease of 3.63%. The firm decreased its portfolio allocation in UNP by 15.42% over the last quarter.
Capital International Investors holds 11,663K shares representing 1.91% ownership of the company. In it's prior filing, the firm reported owning 5,067K shares, representing an increase of 56.55%. The firm increased its portfolio allocation in UNP by 114.40% over the last quarter.
Union Pacific Background Information
(This description is provided by the company.)
Union Pacific delivers the goods families and businesses use every day with safe, reliable and efficient service. Operating in 23 western states, the company connects its customers and communities to the global economy. Trains are the most environmentally responsible way to move freight, helping Union Pacific protect future generations.
Additional reading:
- Union Pacific Reports Second Quarter 2023 Results
- Union Pacific Appoints Jim Vena Chief Executive Officer
- Union Pacific Appoints Doyle Simons and John Wiehoff to Board of Directors
- Union Pacific Reports First Quarter 2023 Results
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This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
