Ameritas Advisory Services LLC Has $1.71 Million Holdings in Union Pacific Corporation $UNP

Key Points

• Ameritas Advisory Services increased its Union Pacific stake by 305.7% in the second quarter, bringing its holdings to 6,297 shares valued at approximately $1.71 million. Institutional investors collectively own 80.38% of the railroad operator.
• Analysts remain broadly bullish, with a consensus rating of “Moderate Buy” and an average price target of $320.89, above the stock’s recent opening price of $285.27.
• Union Pacific exceeded quarterly earnings and revenue estimates, reporting $3.41 in EPS and $6.86 billion in revenue, while year-over-year revenue grew 11.5%. The company also raised its quarterly dividend to $1.42 per share, representing a 2.0% yield.

Ameritas Advisory Services LLC grew its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 305.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,297 shares of the railroad operator's stock after purchasing an additional 4,745 shares during the quarter. Ameritas Advisory Services LLC's holdings in Union Pacific were worth $1,713,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Tucker Asset Management LLC bought a new position in shares of Union Pacific during the 4th quarter valued at about $25,000. SWAN Capital LLC raised its holdings in Union Pacific by 2,575.0% during the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator's stock worth $25,000 after buying an additional 103 shares during the period. Cornerstone Financial Management LLC acquired a new stake in Union Pacific during the 4th quarter worth approximately $27,000. Scarborough Advisors LLC bought a new position in Union Pacific in the first quarter valued at approximately $27,000. Finally, Merkkuri Wealth Advisors LLC acquired a new position in shares of Union Pacific in the first quarter valued at approximately $29,000. Institutional investors and hedge funds own 80.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on UNP shares. TD Cowen reissued a "buy" rating and issued a $325.00 price target (up from $282.00) on shares of Union Pacific in a research note on Friday, July 24th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $335.00 price objective (up from $315.00) on shares of Union Pacific in a research report on Friday, July 24th. UBS Group reissued a "neutral" rating and issued a $310.00 target price (up from $286.00) on shares of Union Pacific in a research report on Friday, July 24th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $339.00 price target (up from $289.00) on shares of Union Pacific in a research report on Friday, July 24th. Finally, Stephens raised shares of Union Pacific to a "strong-buy" rating in a research note on Wednesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $320.89.

Union Pacific Stock Performance

NYSE UNP opened at $285.27 on Thursday. The firm has a 50-day moving average of $294.77 and a 200-day moving average of $271.51. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.82 and a current ratio of 0.99. The stock has a market cap of $169.47 billion, a PE ratio of 23.10, a P/E/G ratio of 2.87 and a beta of 0.96. Union Pacific Corporation has a 52-week low of $210.84 and a 52-week high of $315.99.

Union Pacific (NYSE:UNP - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, beating analysts' consensus estimates of $3.26 by $0.15. The business had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.72 billion. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. Union Pacific's quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.03 EPS. On average, sell-side analysts anticipate that Union Pacific Corporation will post 13.02 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. Stockholders of record on Monday, August 31st will be given a $1.42 dividend. The ex-dividend date of this dividend is Monday, August 31st. This is a positive change from Union Pacific's previous quarterly dividend of $1.38. This represents a $5.68 annualized dividend and a dividend yield of 2.0%. Union Pacific's dividend payout ratio (DPR) is currently 45.99%.

Union Pacific Profile

Union Pacific Corporation is a transportation company that operates Union Pacific Railroad, one of the largest freight railroad networks in the United States. The company provides rail transportation and logistics services for a broad range of commodities, including agricultural products, automotive goods, chemicals, coal, industrial products, and intermodal shipments.

Union Pacific's railroad network serves the western two-thirds of the United States, connecting major markets and ports across approximately 23 states.

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