EdgeRock Capital LLC Makes New $364,000 Investment in Union Pacific Corporation $UNP

EdgeRock Capital LLC purchased a new position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,580 shares of the railroad operator's stock, valued at approximately $364,000.

A number of other institutional investors have also made changes to their positions in UNP. Highline Wealth Partners LLC boosted its stake in shares of Union Pacific by 103.5% during the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock worth $27,000 after buying an additional 59 shares during the last quarter. CBIZ Investment Advisory Services LLC raised its holdings in Union Pacific by 1,400.0% during the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator's stock worth $28,000 after acquiring an additional 112 shares in the last quarter. Financial Gravity Asset Management Inc. acquired a new position in Union Pacific during the first quarter valued at approximately $32,000. WPG Advisers LLC acquired a new position in Union Pacific during the first quarter valued at approximately $33,000. Finally, Cornerstone Planning Group LLC grew its stake in Union Pacific by 50.5% in the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock valued at $37,000 after purchasing an additional 56 shares in the last quarter. Institutional investors own 80.38% of the company's stock.

Union Pacific Trading Up 0.7%

Shares of NYSE:UNP opened at $232.01 on Friday. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84. The business has a 50 day moving average of $222.52 and a 200-day moving average of $224.65. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. The stock has a market cap of $137.59 billion, a PE ratio of 20.16, a P/E/G ratio of 2.40 and a beta of 1.03.

Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share 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 analysts' expectations 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% compared to the same quarter last year. During the same period last year, the firm posted $2.74 EPS. As a group, equities research 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 announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be given a $1.38 dividend. The ex-dividend date of this dividend is Friday, August 29th. This is a boost from Union Pacific's previous quarterly dividend of $1.34. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.4%. Union Pacific's dividend payout ratio (DPR) is presently 47.96%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Baird R W raised Union Pacific to a "hold" rating in a report on Tuesday, July 1st. Royal Bank Of Canada increased their price target on shares of Union Pacific from $257.00 to $276.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. BMO Capital Markets lifted their price objective on shares of Union Pacific from $270.00 to $277.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Raymond James Financial restated a "strong-buy" rating on shares of Union Pacific in a research note on Tuesday, July 15th. Finally, Loop Capital upgraded shares of Union Pacific from a "sell" rating to a "hold" rating and raised their target price for the company from $214.00 to $227.00 in a research note on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Union Pacific presently has an average rating of "Moderate Buy" and an average 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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