AAFMAA Wealth Management & Trust LLC Reduces Stake in Union Pacific Corporation $UNP

Key Points

• AAFMAA Wealth Management & Trust LLC has reduced its stake in Union Pacific Corporation by 15.9%, holding 6,711 shares worth approximately $1.54 million after selling 1,270 shares in the second quarter.
• Union Pacific announced a quarterly dividend of $1.38 per share, increasing from the previous $1.34, which reflects a yield of 2.4% and a payout ratio of 47.96%.
• Analysts generally favor Union Pacific, with a consensus rating of "Moderate Buy" and an average price target of $260.00, following various upgrades and downgrades from firms like Citigroup and Argus.

AAFMAA Wealth Management & Trust LLC lowered its position in Union Pacific Corporation (NYSE:UNP - Free Report) by 15.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,711 shares of the railroad operator's stock after selling 1,270 shares during the quarter. AAFMAA Wealth Management & Trust LLC's holdings in Union Pacific were worth $1,544,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Register Financial Advisors LLC purchased a new position in Union Pacific in the 2nd quarter valued at about $213,000. Steph & Co. boosted its holdings in shares of Union Pacific by 3.8% in the 2nd quarter. Steph & Co. now owns 3,014 shares of the railroad operator's stock valued at $693,000 after purchasing an additional 111 shares during the last quarter. Essex Financial Services Inc. grew its stake in shares of Union Pacific by 22.8% during the 2nd quarter. Essex Financial Services Inc. now owns 15,611 shares of the railroad operator's stock valued at $3,592,000 after buying an additional 2,901 shares during the period. Dakota Wealth Management increased its holdings in shares of Union Pacific by 2.1% during the 2nd quarter. Dakota Wealth Management now owns 14,651 shares of the railroad operator's stock worth $3,371,000 after buying an additional 304 shares during the last quarter. Finally, Perigon Wealth Management LLC grew its position in Union Pacific by 8.8% during the second quarter. Perigon Wealth Management LLC now owns 8,465 shares of the railroad operator's stock valued at $1,948,000 after acquiring an additional 685 shares during the period. Institutional investors and hedge funds own 80.38% of the company's stock.

Union Pacific Trading Up 0.7%

NYSE:UNP opened at $232.01 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $256.84. The business's 50 day moving average is $222.52 and its two-hundred day moving average is $224.65. The company has a market cap of $137.59 billion, a PE ratio of 20.16, a P/E/G ratio of 2.40 and a beta of 1.03.

Union Pacific (NYSE:UNP - Get Free Report) last issued its earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share 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 company had revenue of $6.15 billion for the quarter, compared to analysts' expectations of $6.09 billion. During the same period in the prior year, the company earned $2.74 earnings per share. The firm's revenue was up 2.4% compared to the same quarter last year. On average, analysts predict that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.4%. 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 payout ratio is currently 47.96%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Citigroup raised Union Pacific from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $250.00 to $251.00 in a research note on Monday, September 15th. Argus downgraded shares of Union Pacific from a "buy" rating to a "hold" rating in a research note on Tuesday, August 12th. Sanford C. Bernstein raised their target price on shares of Union Pacific from $271.00 to $286.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. UBS Group upped their target price on Union Pacific from $238.00 to $240.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Finally, BMO Capital Markets upped their price target on Union Pacific from $270.00 to $277.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $260.00.

Union Pacific Company 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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