Drive Wealth Management LLC Has $1.71 Million Stock Position in Union Pacific Corporation (NYSE:UNP)

Key Points

• Drive Wealth Management LLC significantly increased its stake in Union Pacific Corporation by 276.4%, owning 7,226 shares valued at approximately $1.7 million as of the latest SEC filing.
• Union Pacific's latest quarterly earnings report showed earnings per share of $3.03, surpassing analysts' expectations of $2.84, with a year-over-year revenue increase of 2.4%.
• The company announced a quarterly dividend of $1.38, raising its annualized dividend to $5.52, reflecting a 2.50% dividend yield.

Drive Wealth Management LLC increased its holdings in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 276.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,226 shares of the railroad operator's stock after buying an additional 5,306 shares during the period. Drive Wealth Management LLC's holdings in Union Pacific were worth $1,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in UNP. Highline Wealth Partners LLC increased its stake in shares of Union Pacific by 103.5% in the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock worth $27,000 after acquiring an additional 59 shares during the last quarter. EnRich Financial Partners LLC acquired a new position in Union Pacific in the 4th quarter valued at about $31,000. Financial Gravity Asset Management Inc. purchased a new position in shares of Union Pacific in the 1st quarter valued at about $32,000. Cornerstone Planning Group LLC boosted its stake in shares of Union Pacific by 50.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock valued at $37,000 after buying an additional 56 shares during the period. Finally, Strategic Investment Solutions Inc. IL boosted its stake in shares of Union Pacific by 38.8% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator's stock valued at $39,000 after buying an additional 45 shares during the period. Hedge funds and other institutional investors own 80.38% of the company's stock.

Union Pacific Price Performance

UNP stock traded up $4.19 during trading hours on Friday, hitting $224.71. 8,254,381 shares of the stock traded hands, compared to its average volume of 3,405,370. The stock has a 50-day simple moving average of $227.17 and a 200 day simple moving average of $231.03. Union Pacific Corporation has a one year low of $204.66 and a one year high of $258.07. The company has a market cap of $134.26 billion, a P/E ratio of 19.52, a P/E/G ratio of 2.25 and a beta of 1.05. The company has a current ratio of 0.65, a quick ratio of 0.61 and a debt-to-equity ratio of 1.86.

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

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be paid a $1.38 dividend. This is an increase from Union Pacific's previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Friday, August 29th. Union Pacific's dividend payout ratio is currently 47.96%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on UNP shares. Sanford C. Bernstein upped their price target on Union Pacific from $271.00 to $286.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Stifel Nicolaus reduced their target price on Union Pacific from $270.00 to $248.00 and set a "buy" rating for the company in a report on Monday, April 14th. Redburn Atlantic upgraded Union Pacific from a "neutral" rating to a "buy" rating and set a $259.00 price target for the company in a report on Wednesday, April 16th. Morgan Stanley decreased their target price on Union Pacific from $220.00 to $215.00 and set an "equal weight" rating for the company in a report on Monday, July 7th. Finally, Evercore ISI decreased their target price on Union Pacific from $244.00 to $238.00 and set an "in-line" rating for the company in a report on Friday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Union Pacific currently has an average rating of "Moderate Buy" and a consensus target price of $259.46.

Union Pacific 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.