Focus Partners Wealth Purchases 47,924 Shares of Union Pacific Corporation $UNP

Key Points

• Focus Partners Wealth increased its stake in Union Pacific Corporation by 36.4%, acquiring 47,924 shares to hold a total of 179,427 shares valued at $42,388,000.
• Union Pacific announced a quarterly dividend of $1.38 per share, marking an increase from the previous $1.34 and representing an annual yield of 2.6%.
• Analysts have set new target prices for Union Pacific, with estimates ranging from $257 to $286, and the average target being $258.21, reflecting a moderate buy rating from investment analysts.

Focus Partners Wealth grew its stake in Union Pacific Corporation (NYSE:UNP - Free Report) by 36.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 179,427 shares of the railroad operator's stock after purchasing an additional 47,924 shares during the period. Focus Partners Wealth's holdings in Union Pacific were worth $42,388,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of UNP. Janus Henderson Group PLC grew its stake in shares of Union Pacific by 40.7% in the 4th quarter. Janus Henderson Group PLC now owns 141,398 shares of the railroad operator's stock valued at $32,253,000 after purchasing an additional 40,915 shares during the period. Nuveen Asset Management LLC grew its stake in shares of Union Pacific by 2.1% in the 4th quarter. Nuveen Asset Management LLC now owns 4,372,636 shares of the railroad operator's stock valued at $997,136,000 after purchasing an additional 89,199 shares during the period. Northwest Quadrant Wealth Management LLC grew its stake in shares of Union Pacific by 6.1% in the 4th quarter. Northwest Quadrant Wealth Management LLC now owns 1,466 shares of the railroad operator's stock valued at $334,000 after purchasing an additional 84 shares during the period. NorthRock Partners LLC grew its stake in shares of Union Pacific by 67.7% in the 4th quarter. NorthRock Partners LLC now owns 7,733 shares of the railroad operator's stock valued at $1,763,000 after purchasing an additional 3,122 shares during the period. Finally, Night Owl Capital Management LLC grew its stake in shares of Union Pacific by 3.5% in the 4th quarter. Night Owl Capital Management LLC now owns 132,386 shares of the railroad operator's stock valued at $30,189,000 after purchasing an additional 4,471 shares during the period. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Stock Down 0.5%

NYSE:UNP opened at $214.87 on Thursday. The stock's fifty day moving average price is $225.30 and its two-hundred day moving average price is $226.45. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $256.84. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. The company has a market cap of $127.43 billion, a price-to-earnings ratio of 18.67, a P/E/G ratio of 2.10 and a beta of 1.03.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.09 billion. During the same quarter in the prior year, the business earned $2.74 EPS. The business's revenue for the quarter was up 2.4% compared to the same quarter last year. On average, analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $5.52 annualized dividend and a yield of 2.6%. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's dividend payout ratio (DPR) is currently 47.96%.

Analysts Set New Price Targets

Several brokerages have recently commented on UNP. Raymond James Financial reissued a "strong-buy" rating on shares of Union Pacific in a report on Tuesday, July 15th. Royal Bank Of Canada boosted their target price on Union Pacific from $257.00 to $276.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. BMO Capital Markets boosted their target price on Union Pacific from $270.00 to $277.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Sanford C. Bernstein boosted their target price on Union Pacific from $271.00 to $286.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $258.21.

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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