GC Wealth Management RIA LLC Acquires 11,066 Shares of Union Pacific Corporation $UNP

Key Points

• GC Wealth Management RIA LLC significantly increased its holdings in Union Pacific Corporation by 529.5%, acquiring an additional 11,066 shares in the second quarter.
• Union Pacific recently reported a quarterly earnings per share of $3.03, surpassing analyst estimates, along with a net margin of 28.43% and a year-over-year revenue growth of 2.4%.
• The company announced a quarterly dividend increase from $1.34 to $1.38 per share, representing an annualized dividend of $5.52, with a payout ratio of 47.96%.

GC Wealth Management RIA LLC grew its stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 529.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 13,156 shares of the railroad operator's stock after purchasing an additional 11,066 shares during the period. GC Wealth Management RIA LLC's holdings in Union Pacific were worth $3,027,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in UNP. Northern Trust Corp grew its stake in Union Pacific by 2.0% in the 1st quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator's stock valued at $1,678,575,000 after purchasing an additional 142,732 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Union Pacific by 5.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,949,345 shares of the railroad operator's stock valued at $1,641,715,000 after acquiring an additional 354,463 shares during the period. Royal Bank of Canada grew its position in shares of Union Pacific by 1.7% during the 1st quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator's stock valued at $1,206,191,000 after acquiring an additional 86,292 shares during the period. Canada Pension Plan Investment Board grew its holdings in Union Pacific by 10.8% during the first quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator's stock valued at $1,092,893,000 after purchasing an additional 452,788 shares during the period. Finally, Nuveen LLC bought a new position in Union Pacific during the first quarter valued at $988,822,000. Institutional investors own 80.38% of the company's stock.

Wall Street Analysts Forecast Growth

UNP has been the subject of a number of research reports. Barclays lowered shares of Union Pacific from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, July 30th. Wells Fargo & Company raised their target price on Union Pacific from $250.00 to $260.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Sanford C. Bernstein raised their target price on Union Pacific from $271.00 to $286.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Evercore ISI cut their price target on shares of Union Pacific from $244.00 to $238.00 and set an "in-line" rating for the company in a report on Friday, July 25th. Finally, Loop Capital raised shares of Union Pacific from a "sell" rating to a "hold" rating and raised their price target for the company from $214.00 to $227.00 in a report on Tuesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $260.00.

Union Pacific Stock Performance

NYSE:UNP opened at $235.14 on Monday. The stock has a 50-day simple moving average of $222.73 and a two-hundred day simple moving average of $224.47. 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 firm has a market capitalization of $139.45 billion, a PE ratio of 20.43, a P/E/G ratio of 2.45 and a beta of 1.03.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, topping analysts' consensus estimates 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%. The company's revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.74 earnings per share. Analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The business 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. This is a boost from Union Pacific's previous quarterly dividend of $1.34. The ex-dividend date of this dividend is Friday, August 29th. This represents a $5.52 annualized dividend and a dividend yield of 2.3%. Union Pacific's payout ratio is currently 47.96%.

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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