Allworth Financial LP Acquires Shares of 51,370 Union Pacific Corporation $UNP

Key Points

• Allworth Financial acquired 51,370 Union Pacific shares in the second quarter, valued at approximately $14.0 million. Institutional investors collectively 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 also increased its quarterly dividend to $1.42 per share, representing a 1.8% annual yield.
• Analysts remain generally positive, with a consensus rating of “Moderate Buy” and an average price target of $320.89; recent targets range as high as $349.

Allworth Financial LP acquired a new position in Union Pacific Corporation (NYSE:UNP - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 51,370 shares of the railroad operator's stock, valued at approximately $13,973,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in UNP. Capital World Investors grew its stake in Union Pacific by 92.1% in the fourth quarter. Capital World Investors now owns 20,136,349 shares of the railroad operator's stock worth $4,658,142,000 after purchasing an additional 9,655,306 shares during the period. Norges Bank purchased a new position in Union Pacific during the fourth quarter valued at $1,779,907,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Union Pacific by 72.7% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,177,002 shares of the railroad operator's stock worth $2,169,168,000 after acquiring an additional 3,861,636 shares in the last quarter. Capital Research Global Investors increased its stake in shares of Union Pacific by 26.0% in the 4th quarter. Capital Research Global Investors now owns 10,980,904 shares of the railroad operator's stock worth $2,540,105,000 after acquiring an additional 2,267,708 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in Union Pacific by 16.8% during the 1st quarter. Bank of America Corp DE now owns 14,463,071 shares of the railroad operator's stock valued at $3,509,030,000 after acquiring an additional 2,084,808 shares during the period. Hedge funds and other institutional investors own 80.38% of the company's stock.

Union Pacific Stock Up 1.3%

UNP stock opened at $307.97 on Friday. Union Pacific Corporation has a twelve month low of $210.84 and a twelve month high of $315.99. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. The stock has a market cap of $182.96 billion, a P/E ratio of 24.94, a PEG ratio of 3.10 and a beta of 0.96. The business's 50-day moving average price is $286.30 and its 200-day moving average price is $267.60.

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

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be paid a dividend of $1.42 per share. This is a positive change from Union Pacific's previous quarterly dividend of $1.38. The ex-dividend date is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.8%. Union Pacific's dividend payout ratio is presently 44.70%.

Insider Buying and Selling at Union Pacific

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Susquehanna lifted their target price on shares of Union Pacific from $305.00 to $333.00 and gave the company a "positive" rating in a report on Tuesday, July 14th. Weiss Ratings upgraded Union Pacific from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, July 24th. Raymond James Financial restated a "strong-buy" rating on shares of Union Pacific in a research note on Monday, July 13th. Citigroup increased their price target on shares of Union Pacific from $326.00 to $349.00 and gave the company a "buy" rating in a report on Friday, July 24th. Finally, BMO Capital Markets restated a "market perform" rating and issued a $320.00 price objective (up from $285.00) on shares of Union Pacific in a report on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $320.89.

Union Pacific Company 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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