Caliber Wealth Management LLC KS Acquires New Holdings in Union Pacific Corporation (NYSE:UNP)

Key Points

• Caliber Wealth Management LLC KS has invested approximately $3.11 million in Union Pacific Corporation by purchasing 13,144 shares, marking a significant new stake for the firm.
• Several institutional investors have increased their stakes in Union Pacific, with 80.38% of the stock now owned by such investors, highlighting strong institutional interest in the company.
• Union Pacific announced an increase in its quarterly dividend from $1.34 to $1.38, which reflects a commitment to returning value to shareholders amid a competitive market environment.

Caliber Wealth Management LLC KS purchased a new stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 13,144 shares of the railroad operator's stock, valued at approximately $3,105,000.

Several other large investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its holdings in Union Pacific by 17.6% during the first quarter. Pacer Advisors Inc. now owns 65,888 shares of the railroad operator's stock valued at $15,565,000 after purchasing an additional 9,873 shares in the last quarter. Rothschild & Co Wealth Management UK Ltd lifted its holdings in Union Pacific by 4.4% during the first quarter. Rothschild & Co Wealth Management UK Ltd now owns 27,822 shares of the railroad operator's stock valued at $6,573,000 after purchasing an additional 1,161 shares in the last quarter. Neo Ivy Capital Management purchased a new position in Union Pacific during the first quarter valued at approximately $2,094,000. Assetmark Inc. lifted its holdings in Union Pacific by 4.4% during the first quarter. Assetmark Inc. now owns 37,484 shares of the railroad operator's stock valued at $8,855,000 after purchasing an additional 1,587 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in Union Pacific by 5.6% during the first quarter. Cetera Investment Advisers now owns 182,010 shares of the railroad operator's stock valued at $42,998,000 after purchasing an additional 9,576 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company's stock.

Union Pacific Price Performance

Union Pacific stock traded up $4.19 during trading on Friday, reaching $224.71. The company had a trading volume of 8,254,381 shares, compared to its average volume of 3,405,370. The firm's 50-day simple moving average is $227.17 and its 200 day simple moving average is $231.03. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $258.07. The firm has a market capitalization of $134.26 billion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 2.25 and a beta of 1.05. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.61 and a current ratio of 0.65.

Union Pacific (NYSE:UNP - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, beating analysts' consensus estimates of $2.84 by $0.19. The company had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%. The firm's revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.74 EPS. As a group, equities research analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.46%. The ex-dividend date is Friday, August 29th. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's payout ratio is currently 48.29%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Stephens lowered their target price on shares of Union Pacific from $275.00 to $255.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. The Goldman Sachs Group reissued a "neutral" rating and issued a $263.00 target price on shares of Union Pacific in a report on Monday, June 2nd. Citigroup boosted their price target on shares of Union Pacific from $244.00 to $270.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Redburn Atlantic upgraded shares of Union Pacific from a "neutral" rating to a "buy" rating and set a $259.00 price target on the stock in a research report on Wednesday, April 16th. Finally, Bank of America boosted their price objective on shares of Union Pacific from $256.00 to $262.00 and gave the company a "buy" rating in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $259.46.

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.