Cliftonlarsonallen Wealth Advisors LLC Invests $2.38 Million in Union Pacific Corporation $UNP

Key Points

• Cliftonlarsonallen Wealth Advisors LLC invested approximately $2.38 million in Union Pacific Corporation, acquiring 10,358 shares in the second quarter.
• Union Pacific recently reported earnings of $3.03 per share, exceeding analysts' expectations, along with a revenue of $6.15 billion for the quarter.
• The company has declared an increased quarterly dividend of $1.38 per share, up from $1.34, reflecting a strong dividend payout ratio of 47.96%.

Cliftonlarsonallen Wealth Advisors LLC acquired a new stake in Union Pacific Corporation (NYSE:UNP - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 10,358 shares of the railroad operator's stock, valued at approximately $2,383,000.

A number of other large investors also recently added to or reduced their stakes in UNP. Merit Financial Group LLC boosted its holdings in Union Pacific by 7.4% during the 1st quarter. Merit Financial Group LLC now owns 25,207 shares of the railroad operator's stock valued at $5,955,000 after acquiring an additional 1,732 shares during the period. RFG Advisory LLC lifted its position in Union Pacific by 68.1% in the first quarter. RFG Advisory LLC now owns 11,148 shares of the railroad operator's stock valued at $2,634,000 after purchasing an additional 4,518 shares during the last quarter. Triangle Securities Wealth Management lifted its position in Union Pacific by 5.8% in the first quarter. Triangle Securities Wealth Management now owns 2,493 shares of the railroad operator's stock valued at $589,000 after purchasing an additional 136 shares during the last quarter. Apella Capital LLC boosted its stake in shares of Union Pacific by 714.2% during the first quarter. Apella Capital LLC now owns 9,591 shares of the railroad operator's stock valued at $2,144,000 after purchasing an additional 8,413 shares during the period. Finally, Veracity Capital LLC grew its holdings in shares of Union Pacific by 5.0% in the first quarter. Veracity Capital LLC now owns 3,170 shares of the railroad operator's stock worth $749,000 after purchasing an additional 152 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company's stock.

Union Pacific Price Performance

Shares of NYSE UNP opened at $234.77 on Thursday. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84. The stock has a market capitalization of $139.23 billion, a P/E ratio of 20.40, a P/E/G ratio of 2.46 and a beta of 1.07. The company's 50-day moving average is $223.15 and its 200 day moving average is $224.61. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53.

Union Pacific (NYSE:UNP - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, topping the consensus estimate of $2.84 by $0.19. The business had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. Union Pacific's quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the business posted $2.74 earnings per share. On average, sell-side analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 29th were given a dividend of $1.38 per share. This is a boost from Union Pacific's previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Friday, August 29th. Union Pacific's dividend payout ratio is presently 47.96%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on UNP. Raymond James Financial reiterated a "strong-buy" rating on shares of Union Pacific in a report on Tuesday, July 15th. Wells Fargo & Company boosted their price objective on shares of Union Pacific from $250.00 to $260.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. BMO Capital Markets increased their target price on shares of Union Pacific from $270.00 to $277.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Loop Capital raised Union Pacific from a "sell" rating to a "hold" rating and raised their target price for the stock from $214.00 to $227.00 in a research note on Tuesday, September 16th. Finally, Citigroup raised Union Pacific from a "neutral" rating to a "buy" rating and upped their price target for the company from $250.00 to $251.00 in a research report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Union Pacific has a consensus rating of "Moderate Buy" and a consensus price target of $260.00.

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.

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