These 5 Important Stocks are Losing Value in 2022

1. Union Pacific Corporation (NYSE:UNP)

Number of Hedge Fund Holders: 89  

PE Ratio: 19.92

YTD Decline in Share Price as of June 15: 15.31%

Union Pacific Corporation (NYSE:UNP) is a transportation firm based in Nebraska. On May 12, the firm declared a quarterly dividend of $1.30 per share, an increase of more than 10% from the previous dividend of $1.18. The forward yield was 2.3%. The company is one of the reliable dividend players in the transportation industry with a history stretching back more than three decades. Over the last six years, these payouts have grown consistently. 

On May 26, Evercore ISI analyst Jonathan Chappell downgraded Union Pacific Corporation (NYSE:UNP) stock to In Line from Outperform with a price target of $245, noting that the “cyclical sector is not immune to slowdowns in economic activity”. 

At the end of the first quarter of 2022, 89 hedge funds in the database of Insider Monkey held stakes worth $7 billion in Union Pacific Corporation (NYSE:UNP), up from 59 in the preceding quarter worth $5.6 billion.

In its Q4 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Union Pacific Corporation (NYSE:UNP) was one of them. Here is what the fund said:

“Despite these mixed emerging growth results, the ClearBridge Global Growth Strategy outperformed the benchmark due to resilience among our secular and structural growth holdings. These consistent growers were complemented by solid contributions from structural holdings including Union Pacific Corporation (NYSE:UNP).”

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