Centric Wealth Management Has $7.78 Million Position in Union Pacific Corporation $UNP

Centric Wealth Management lifted its position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 116.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,680 shares of the railroad operator's stock after buying an additional 14,888 shares during the quarter. Union Pacific comprises 1.2% of Centric Wealth Management's holdings, making the stock its 20th biggest position. Centric Wealth Management's holdings in Union Pacific were worth $7,782,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Rachor Investment Advisory Services LLC acquired a new stake in Union Pacific during the fourth quarter worth approximately $25,000. Tucker Asset Management LLC acquired a new position in Union Pacific in the 4th quarter valued at $25,000. SWAN Capital LLC raised its holdings in Union Pacific by 2,575.0% in the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator's stock valued at $25,000 after acquiring an additional 103 shares in the last quarter. High Point Wealth Management LLC bought a new stake in shares of Union Pacific during the 4th quarter valued at $26,000. Finally, Cornerstone Financial Management LLC bought a new stake in shares of Union Pacific during the 4th quarter valued at $27,000. Institutional investors own 80.38% of the company's stock.

Insider Transactions at Union Pacific

In other news, EVP Eric J. Gehringer sold 2,991 shares of the company's stock in a transaction that occurred on Wednesday, June 3rd. The stock was 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 directly owned 43,012 shares of the company's stock, valued at $11,353,447.52. This represents a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.22% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on UNP. Citizens Jmp initiated coverage on shares of Union Pacific in a report on Wednesday, July 15th. They issued an "outperform" rating and a $350.00 target price on the stock. Evercore reiterated an "outperform" rating and set a $294.00 price target on shares of Union Pacific in a research report on Thursday, June 25th. UBS Group reiterated a "neutral" rating and set a $310.00 price target (up from $286.00) on shares of Union Pacific in a research report on Friday, July 24th. TD Cowen reissued a "buy" rating and issued a $325.00 price objective (up from $282.00) on shares of Union Pacific in a research note on Friday, July 24th. Finally, Barclays reiterated an "overweight" rating and issued a $350.00 target price (up from $315.00) on shares of Union Pacific in a research report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Union Pacific has an average rating of "Moderate Buy" and an average target price of $320.89.

Union Pacific Price Performance

Union Pacific stock opened at $300.06 on Tuesday. The stock has a market capitalization of $178.26 billion, a price-to-earnings ratio of 24.30, a PEG ratio of 3.00 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. 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's 50 day moving average price is $283.63 and its two-hundred day moving average price is $265.84.

Union Pacific (NYSE:UNP - Get Free Report) last issued its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.26 by $0.15. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The company had revenue of $6.86 billion for the quarter, compared to analysts' expectations of $6.72 billion. During the same period last year, the business earned $3.03 EPS. Union Pacific's quarterly revenue was up 11.5% compared to the same quarter last year. On average, equities analysts predict that Union Pacific Corporation will post 12.93 earnings per share for the current year.

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be given a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 1.9%. 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. Union Pacific's payout ratio is currently 44.70%.

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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