1,984 Shares in Union Pacific Corporation (NYSE:UNP) Acquired by AlphaCore Capital LLC

Key Points

• AlphaCore Capital LLC has acquired 1,984 shares of Union Pacific Corporation, valued at approximately $469,000, as part of their new position in the company.
• Union Pacific has recently declared a quarterly dividend of $1.38 per share, which is an increase from the previous dividend of $1.34, reflecting a strong financial performance.
• Several analysts have updated their price targets for Union Pacific, with UBS Group raising it to $240.00 and Redburn Atlantic setting a target of $259.00, indicating a generally positive outlook on the stock.

AlphaCore Capital LLC bought a new position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,984 shares of the railroad operator's stock, valued at approximately $469,000.

Other institutional investors also recently modified their holdings of the company. Highline Wealth Partners LLC increased its holdings in shares of Union Pacific by 103.5% in the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock valued at $27,000 after buying an additional 59 shares in the last quarter. Financial Gravity Asset Management Inc. bought a new position in shares of Union Pacific in the first quarter valued at $32,000. Strategic Investment Solutions Inc. IL increased its holdings in shares of Union Pacific by 38.8% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator's stock valued at $39,000 after buying an additional 45 shares in the last quarter. Cornerstone Planning Group LLC increased its holdings in shares of Union Pacific by 50.5% in the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock valued at $37,000 after buying an additional 56 shares in the last quarter. Finally, IMA Advisory Services Inc. bought a new position in shares of Union Pacific in the first quarter valued at $43,000. Institutional investors own 80.38% of the company's stock.

Union Pacific Trading Down 0.2%

Shares of NYSE:UNP opened at $222.27 on Friday. The stock has a market capitalization of $131.82 billion, a PE ratio of 19.31, a P/E/G ratio of 2.17 and a beta of 1.05. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $258.07. The firm has a fifty day moving average price of $227.09 and a 200 day moving average price of $230.45. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86.

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

Union Pacific Increases Dividend

The company also recently declared 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. This represents a $5.52 dividend on an annualized basis and a yield of 2.5%. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. The ex-dividend date is Friday, August 29th. Union Pacific's dividend payout ratio is currently 46.57%.

Analysts Set New Price Targets

Several research firms have issued reports on UNP. UBS Group upped their price target on Union Pacific from $238.00 to $240.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Redburn Atlantic raised shares of Union Pacific from a "neutral" rating to a "buy" rating and set a $259.00 target price on the stock in a research note on Wednesday, April 16th. Robert W. Baird initiated coverage on shares of Union Pacific in a research note on Tuesday, July 1st. They set a "neutral" rating and a $231.00 target price on the stock. Barclays downgraded shares of Union Pacific from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, July 30th. Finally, Evercore ISI cut their target price on shares of Union Pacific from $244.00 to $238.00 and set an "in-line" rating on the stock in a research note on Friday, July 25th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $258.21.

Union Pacific Profile

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.

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