Acima Private Wealth LLC Buys 3,200 Shares of Union Pacific Corporation $UNP

Key Points

• Acima Private Wealth LLC significantly increased its holding in Union Pacific Corporation by 629.9% during the second quarter, acquiring an additional 3,200 shares, bringing their total to 3,708 shares valued at approximately $853,000.
• Union Pacific recently announced a quarterly dividend of $1.38 per share, up from $1.34, with an annualized dividend yield of 2.4% at a payout ratio of 47.96%.
• Union Pacific reported a quarterly earnings per share of $3.03, surpassing analysts' expectations of $2.84, alongside a revenue of $6.15 billion, a 2.4% increase from the previous year.

Acima Private Wealth LLC boosted its stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 629.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,708 shares of the railroad operator's stock after acquiring an additional 3,200 shares during the period. Acima Private Wealth LLC's holdings in Union Pacific were worth $853,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. LGT Group Foundation raised its holdings in shares of Union Pacific by 9.7% during the 1st quarter. LGT Group Foundation now owns 5,398 shares of the railroad operator's stock worth $1,275,000 after buying an additional 477 shares in the last quarter. Nuveen LLC acquired a new position in shares of Union Pacific during the 1st quarter worth $988,822,000. SlateStone Wealth LLC raised its holdings in shares of Union Pacific by 6.2% during the 1st quarter. SlateStone Wealth LLC now owns 13,264 shares of the railroad operator's stock worth $3,133,000 after buying an additional 772 shares in the last quarter. Meadow Creek Wealth Advisors LLC raised its holdings in shares of Union Pacific by 10.9% during the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 3,666 shares of the railroad operator's stock worth $866,000 after buying an additional 359 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Union Pacific by 16.8% during the 1st quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator's stock worth $2,491,000 after buying an additional 1,520 shares in the last quarter. Institutional investors own 80.38% of the company's stock.

Union Pacific Price Performance

Shares of UNP opened at $225.54 on Friday. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. The company has a market capitalization of $133.77 billion, a price-to-earnings ratio of 19.60, a price-to-earnings-growth ratio of 2.41 and a beta of 1.07. The business has a 50-day moving average of $224.45 and a 200-day moving average of $224.47.

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 return on equity of 41.73% and a net margin of 28.43%.The company had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.09 billion. During the same period last year, the company earned $2.74 earnings per share. The firm's revenue was up 2.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 29th were given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Friday, August 29th. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's dividend payout ratio is currently 47.96%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Citigroup raised Union Pacific from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $250.00 to $251.00 in a report on Monday, September 15th. Loop Capital raised Union Pacific from a "sell" rating to a "hold" rating and boosted their price target for the stock from $214.00 to $227.00 in a report on Tuesday, September 16th. Baird R W raised Union Pacific to a "hold" rating in a report on Tuesday, July 1st. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Union Pacific in a report on Tuesday, July 15th. Finally, Royal Bank Of Canada upped their target price on Union Pacific from $257.00 to $276.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $261.08.

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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