Union Pacific Corporation (UNP)

Over the past six months, Union Pacific's stock price has fluctuated, with a decline of 7.56% from July 22, 2024, to $224.87 as of July 18, 2025. Key events include analyst upgrades and downgrades from Redburn Atlantic, Citigroup, and Loop Capital. Q1 2025 earnings reported flat quarterly results, with a 7% volume increase offset by declines in fuel surcharge revenue. UNP shares rose following an easing of tariff escalations between the U.S. and China. Discussions of a potential merger with Norfolk Southern have occurred, and the Board of Directors approved a 3% increase in the quarterly dividend to $1.38 per share.

Demand for Union Pacific's products and services exhibits seasonality, influenced by the commodities transported. Agricultural and food products have peak shipping periods based on growing and harvesting seasons. Intermodal traffic generally peaks during the third quarter to meet back-to-school and holiday-related demand for consumer goods during the fourth quarter. The peak shipping seasons can vary each year depending on factors such as the strength of domestic demand.

Union Pacific Corporation is a publicly traded railroad holding company operating primarily through its subsidiary, Union Pacific Railroad. It operates in the Transportation sector, specifically the Railroads industry, providing freight transportation services across the western two-thirds of the United States. The company's business includes Bulk shipments such as agricultural products, coal, and petroleum; Industrial shipments like construction materials, chemicals, and metals; and Premium shipments consisting of automobiles and intermodal containers. Union Pacific invests in infrastructure and innovation to optimize supply chain processes.

Union Pacific operates an extensive rail network spanning 23 states across the western and central United States, connecting major urban and rural markets. It links West Coast and Gulf Coast ports to eastern gateways and connects with Canadian and Mexican rail systems, being the only railroad serving all six major Mexico gateways. Approximately 10% of its revenue is derived from hauling freight to and from Mexico.

Union Pacific maintains a strong corporate reputation, having been named to Fortune magazine's list of World's Most Admired Companies for the 18th time in 22 years in February 2024. It was the highest-ranked railroad in its category, ranking first in use of corporate assets, social responsibility, financial soundness, and long-term investment value. The company has focused on improving service reliability, regaining lost business, and enhancing efficiency, as well as reducing its environmental impact.

Union Pacific Corporation's ownership is primarily dominated by institutional investors, holding approximately 63.97% to 81% of the company's stock. Individual investors hold around 19% to 35.92%, and insiders own about 0.11%. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., State Street Corp., JPMorgan Chase & Co., and Capital Research Global Investors. The top 25 shareholders collectively hold less than half of the register.