Frisch Financial Group Inc. Acquires Shares of 1,639 Union Pacific Corporation $UNP

Key Points

• Frisch Financial Group Inc. has acquired a new stake in Union Pacific Corporation, purchasing 1,639 shares valued at approximately $387,000.
• Union Pacific's recent quarterly earnings exceeded estimates, reporting $3.03 EPS against a consensus estimate of $2.84, alongside a revenue of $6.15 billion.
• The company has declared an increase in its quarterly dividend to $1.38, reflecting an annual yield of 2.5% and a boost from the previous dividend of $1.34.

Frisch Financial Group Inc. purchased a new stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,639 shares of the railroad operator's stock, valued at approximately $387,000.

A number of other hedge funds have also bought and sold shares of UNP. Northern Trust Corp increased its stake in shares of Union Pacific by 2.0% in the first quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator's stock worth $1,678,575,000 after acquiring an additional 142,732 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Union Pacific by 1.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,594,882 shares of the railroad operator's stock worth $1,503,899,000 after acquiring an additional 105,111 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Union Pacific by 35.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,968,658 shares of the railroad operator's stock worth $1,133,053,000 after acquiring an additional 1,294,643 shares during the period. Nuveen Asset Management LLC increased its stake in shares of Union Pacific by 2.1% in the fourth quarter. Nuveen Asset Management LLC now owns 4,372,636 shares of the railroad operator's stock worth $997,136,000 after acquiring an additional 89,199 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Union Pacific in the first quarter worth $988,822,000. Institutional investors and hedge funds own 80.38% of the company's stock.

Union Pacific Price Performance

UNP traded up $2.1770 during midday trading on Friday, hitting $227.4770. 5,316,315 shares of the company traded hands, compared to its average volume of 5,236,366. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $134.90 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 2.19 and a beta of 1.05. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $258.07. The business has a 50 day simple moving average of $226.99 and a two-hundred day simple moving average of $228.80.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.19. The business had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The company's revenue was up 2.4% compared to the same quarter last year. During the same period last year, the firm posted $2.74 earnings per share. On average, equities analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, August 29th. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a yield of 2.4%. Union Pacific's payout ratio is 46.57%.

Analyst Ratings Changes

UNP has been the topic of a number of research reports. BMO Capital Markets increased their price objective on shares of Union Pacific from $270.00 to $277.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Morgan Stanley cut their price objective on shares of Union Pacific from $220.00 to $215.00 and set an "equal weight" rating on the stock in a research note on Monday, July 7th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $263.00 price objective on shares of Union Pacific in a research note on Monday, June 2nd. Bank of America increased their price objective on shares of Union Pacific from $256.00 to $262.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Finally, Baird R W upgraded shares of Union Pacific to a "hold" rating in a research note on Tuesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $258.21.

About Union Pacific

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.