Harrell Investment Partners LLC Boosts Stock Position in Union Pacific Corporation $UNP

Key Points

• Harrell Investment Partners LLC increased its stake in Union Pacific Corporation by 10.2% in the 2nd quarter, owning 15,559 shares valued at approximately $3.58 million.
• Union Pacific's quarterly earnings reported an EPS of $3.03, surpassing expectations, with a revenue of $6.15 billion, reflecting a 2.4% year-over-year increase.
• The company announced a quarterly dividend increase to $1.38 per share, up from $1.34, resulting in an annualized yield of 2.4%.

Harrell Investment Partners LLC raised its stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 10.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,559 shares of the railroad operator's stock after acquiring an additional 1,437 shares during the period. Harrell Investment Partners LLC's holdings in Union Pacific were worth $3,580,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Highline Wealth Partners LLC raised 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 in the last quarter. CBIZ Investment Advisory Services LLC raised its stake in shares of Union Pacific by 1,400.0% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator's stock worth $28,000 after buying an additional 112 shares in the last quarter. Financial Gravity Asset Management Inc. purchased a new position in shares of Union Pacific during the 1st quarter worth approximately $32,000. WPG Advisers LLC purchased a new position in shares of Union Pacific during the 1st quarter worth approximately $33,000. Finally, Cornerstone Planning Group LLC raised its stake in shares of Union Pacific by 50.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock worth $37,000 after buying an additional 56 shares in the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Sanford C. Bernstein increased 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. Baird R W raised Union Pacific to a "hold" rating in a research note on Tuesday, July 1st. Argus downgraded Union Pacific from a "buy" rating to a "hold" rating in a research note on Tuesday, August 12th. Evercore ISI lowered their price target on Union Pacific from $244.00 to $238.00 and set an "in-line" rating on the stock in a report on Friday, July 25th. Finally, Royal Bank Of Canada upped their price target on Union Pacific from $257.00 to $276.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Union Pacific presently has a consensus rating of "Moderate Buy" and a consensus target price of $259.38.

Union Pacific Stock Performance

UNP opened at $230.41 on Thursday. The stock has a market cap of $136.64 billion, a P/E ratio of 20.02, a P/E/G ratio of 2.21 and a beta of 1.03. 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 stock's 50 day simple moving average is $222.43 and its 200 day simple moving average is $224.76. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84.

Union Pacific (NYSE:UNP - Get Free Report) last announced its earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, beating analysts' consensus estimates of $2.84 by $0.19. The firm had revenue of $6.15 billion for 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%.Union Pacific's quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter 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 fiscal 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 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 is Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a yield of 2.4%. Union Pacific's payout ratio is currently 47.96%.

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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