6,451 Shares in Union Pacific Corporation $UNP Acquired by Western Wealth Management LLC

Key Points

• Western Wealth Management acquired 6,451 Union Pacific shares worth approximately $1.755 million during the second quarter. Institutional investors own 80.38% of the railroad operator.
• Union Pacific reported quarterly EPS of $3.41, beating estimates by $0.15, while revenue rose 11.5% year over year to $6.86 billion.
• The company increased its quarterly dividend to $1.42 per share, equivalent to $5.68 annually and a 1.8% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $320.89.

Western Wealth Management LLC acquired a new position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,451 shares of the railroad operator's stock, valued at approximately $1,755,000.

Other institutional investors have also recently modified their holdings of the company. Rachor Investment Advisory Services LLC bought a new position in shares of Union Pacific in the fourth quarter worth $25,000. Tucker Asset Management LLC acquired a new stake in Union Pacific during the fourth quarter worth about $25,000. SWAN Capital LLC increased its holdings in Union Pacific by 2,575.0% in the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator's stock valued at $25,000 after buying an additional 103 shares during the period. Cornerstone Financial Management LLC acquired a new position in shares of Union Pacific in the 4th quarter valued at approximately $27,000. Finally, Scarborough Advisors LLC bought a new stake in shares of Union Pacific during the 1st quarter worth approximately $27,000. 80.38% of the stock is currently owned by institutional investors.

Insider Transactions at Union Pacific

In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total transaction of $789,504.36. Following the transaction, the executive vice president directly owned 43,012 shares in the company, valued at approximately $11,353,447.52. This represents a 6.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.22% of the company's stock.

Union Pacific Stock Performance

NYSE UNP opened at $310.11 on Wednesday. The company has a market capitalization of $184.23 billion, a price-to-earnings ratio of 25.11, a PEG ratio of 3.16 and a beta of 0.96. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. Union Pacific Corporation has a twelve month low of $210.84 and a twelve month high of $315.99. The stock has a fifty day simple moving average of $287.99 and a 200 day simple moving average of $268.73.

Union Pacific (NYSE:UNP - Get Free Report) last announced its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, beating the consensus estimate of $3.26 by $0.15. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The business had revenue of $6.86 billion for the quarter, compared to analysts' expectations of $6.72 billion. During the same period in the prior year, the business posted $3.03 earnings per share. The firm's revenue was up 11.5% on a year-over-year basis. Sell-side analysts expect that Union Pacific Corporation will post 12.93 EPS for the current year.

Union Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be paid a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.8%. This is a boost from Union Pacific's previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Monday, August 31st. Union Pacific's payout ratio is presently 44.70%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on UNP shares. Weiss Ratings upgraded shares of Union Pacific from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, July 24th. Susquehanna boosted their price target on Union Pacific from $305.00 to $333.00 and gave the stock a "positive" rating in a report on Tuesday, July 14th. Citizens Jmp began coverage on Union Pacific in a research report on Wednesday, July 15th. They set an "outperform" rating and a $350.00 price objective for the company. Bank of America lifted their target price on Union Pacific from $301.00 to $334.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. Finally, Stephens raised shares of Union Pacific to a "strong-buy" rating in a report on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $320.89.

Union Pacific Profile

Union Pacific Corporation NYSE: UNP is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific's core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.

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