Founders Capital Management LLC Raises Position in Union Pacific Corporation $UNP

Key Points

• Founders Capital Management LLC increased its holdings in Union Pacific Corporation by 3.2%, owning a total of 49,868 shares valued at approximately $11.47 million.
• Union Pacific reported an earnings per share (EPS) of $3.03 for the last quarter, exceeding analysts' estimates, while its revenue was $6.15 billion.
• The company announced a quarterly dividend increase to $1.38 per share, reflecting a 2.5% yield on an annualized basis with a payout ratio of 47.96%.

Founders Capital Management LLC raised its holdings in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 3.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,868 shares of the railroad operator's stock after acquiring an additional 1,550 shares during the quarter. Union Pacific makes up 2.0% of Founders Capital Management LLC's portfolio, making the stock its 13th largest holding. Founders Capital Management LLC's holdings in Union Pacific were worth $11,474,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Foster Group Inc. boosted its holdings in Union Pacific by 64.8% in the 2nd quarter. Foster Group Inc. now owns 1,748 shares of the railroad operator's stock worth $402,000 after buying an additional 687 shares during the period. Clear Harbor Asset Management LLC boosted its holdings in Union Pacific by 0.5% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 27,084 shares of the railroad operator's stock worth $6,231,000 after buying an additional 125 shares during the period. ABLE Financial Group LLC boosted its holdings in Union Pacific by 4.9% in the 2nd quarter. ABLE Financial Group LLC now owns 5,231 shares of the railroad operator's stock worth $1,203,000 after buying an additional 242 shares during the period. Lewis Asset Management LLC bought a new position in Union Pacific in the 2nd quarter worth $252,000. Finally, Border to Coast Pensions Partnership Ltd boosted its holdings in Union Pacific by 10.8% in the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 307,267 shares of the railroad operator's stock worth $70,696,000 after buying an additional 30,000 shares during the period. Hedge funds and other institutional investors own 80.38% of the company's stock.

Union Pacific Price Performance

Shares of UNP stock opened at $220.86 on Monday. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. The company has a market capitalization of $130.98 billion, a P/E ratio of 19.19, a P/E/G ratio of 2.14 and a beta of 1.03. The company's 50-day simple moving average is $222.66 and its two-hundred day simple moving average is $224.87. Union Pacific Corporation has a one year low of $204.66 and a one year high of $256.84.

Union Pacific (NYSE:UNP - Get Free Report) last issued its earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, topping analysts' consensus estimates of $2.84 by $0.19. The business had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The company's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.74 EPS. As a group, equities analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be paid a $1.38 dividend. The ex-dividend date is Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a yield of 2.5%. This is an increase from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's payout ratio is currently 47.96%.

Analyst Upgrades and Downgrades

UNP has been the subject of several recent analyst reports. Jefferies Financial Group raised shares of Union Pacific from a "hold" rating to a "buy" rating and upped their target price for the stock from $250.00 to $285.00 in a report on Friday, July 25th. UBS Group boosted their price target on shares of Union Pacific from $238.00 to $240.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. Wells Fargo & Company boosted their price target on shares of Union Pacific from $250.00 to $260.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. BMO Capital Markets boosted their price target on shares of Union Pacific from $270.00 to $277.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Finally, Raymond James Financial reiterated a "strong-buy" rating on shares of Union Pacific in a research note on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Union Pacific presently has a consensus rating of "Moderate Buy" and an average target price of $259.38.

About Union Pacific

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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