Armstrong Fleming & Moore Inc Invests $1.23 Million in Union Pacific Corporation $UNP

Key Points

• Armstrong Fleming & Moore Inc invested approximately $1.23 million in Union Pacific Corporation, acquiring 5,349 shares, which constitutes 0.7% of its investment portfolio.
• Union Pacific recently increased its quarterly dividend to $1.38 per share, marking a positive change from the previous $1.34, with a dividend yield of 2.4%.
• Analysts have rated Union Pacific with a consensus rating of "Moderate Buy" and a target price of $261.08, reflecting positive expectations for the company's performance.

Armstrong Fleming & Moore Inc bought a new position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,349 shares of the railroad operator's stock, valued at approximately $1,231,000. Union Pacific makes up 0.7% of Armstrong Fleming & Moore Inc's investment portfolio, making the stock its 29th largest position.

A number of other institutional investors and hedge funds have also modified their holdings of UNP. LGT Group Foundation increased its position in shares of Union Pacific by 9.7% during the first quarter. LGT Group Foundation now owns 5,398 shares of the railroad operator's stock worth $1,275,000 after acquiring an additional 477 shares in the last quarter. Nuveen LLC bought a new position in Union Pacific in the first quarter valued at $988,822,000. SlateStone Wealth LLC lifted its stake in Union Pacific by 6.2% in the first quarter. SlateStone Wealth LLC now owns 13,264 shares of the railroad operator's stock valued at $3,133,000 after acquiring an additional 772 shares during the last quarter. Meadow Creek Wealth Advisors LLC lifted its stake in Union Pacific by 10.9% in the first quarter. Meadow Creek Wealth Advisors LLC now owns 3,666 shares of the railroad operator's stock valued at $866,000 after acquiring an additional 359 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Union Pacific by 16.8% in the first quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator's stock valued at $2,491,000 after acquiring an additional 1,520 shares during the last quarter. 80.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Baird R W upgraded shares of Union Pacific to a "hold" rating in a research note on Tuesday, July 1st. BMO Capital Markets raised their target price on shares of Union Pacific from $270.00 to $277.00 and gave the company an "outperform" rating in a report on Friday, July 25th. UBS Group set a $253.00 target price on shares of Union Pacific and gave the company a "neutral" rating in a report on Friday, October 3rd. Barclays lowered shares of Union Pacific from an "overweight" rating to an "equal weight" rating in a report on Wednesday, July 30th. Finally, Argus lowered shares of Union Pacific from a "buy" rating to a "hold" rating in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $261.08.

Union Pacific Stock Up 0.4%

Shares of NYSE UNP opened at $232.72 on Thursday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $256.84. The company's 50 day moving average price is $224.14 and its 200-day moving average price is $224.57. The company has a market capitalization of $138.03 billion, a P/E ratio of 20.22, a price-to-earnings-growth ratio of 2.41 and a beta of 1.07.

Union Pacific (NYSE:UNP - Get Free Report) last released its earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $6.09 billion. During the same quarter in the previous year, the company earned $2.74 EPS. Union Pacific's quarterly revenue was up 2.4% compared to the same quarter last year. Equities analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were paid a $1.38 dividend. 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 (DPR) is currently 47.96%.

About Union Pacific

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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