5 Best Railroad Stocks To Invest In

4. Union Pacific Corporation (NYSE:UNP)

Number of Hedge Fund Holders: 65

Union Pacific Corporation (NYSE:UNP) operates in the railroad business in the United States through its subsidiary, Union Pacific Railroad Company. Union Pacific Corporation (NYSE:UNP) on July 28 declared a quarterly dividend of $1.30 per share, in line with previous. Payable on September 30 for shareholders of record as of August 31.

On October 24, Amit Mehrotra of Deutsche Bank reduced their price target on Union Pacific Corporation (NYSE:UNP) to $216 from $232 and maintained a Buy rating on the stock. According to the analyst, CSX continues to perform better than Union Pacific despite both companies incurring higher costs due to network inefficiencies.

According to Insider Monkey’s Q2 data, 65 hedge funds were bullish on Union Pacific Corporation (NYSE:UNP), down from 89 funds in the preceding quarter. Thomas Bailard’s Bailard Inc currently owns the largest position in the company as of Q3 with 46,381 shares worth $9.03 million.