Heck Capital Advisors LLC Has $492,000 Stock Position in Union Pacific Corporation (NYSE:UNP)

Key Points

• Heck Capital Advisors LLC significantly reduced its stake in Union Pacific Corporation by 83.7%, now holding approximately 2,082 shares valued at $492,000.
• Union Pacific has received multiple upgrades from analysts, with a consensus target price of $258.21 and a recent price target increase from Jefferies to $285.00.
• The company announced a dividend increase to $1.38 per share, reflecting an annualized yield of 2.5% and a payout ratio of 46.57%.

Heck Capital Advisors LLC trimmed its stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 83.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,082 shares of the railroad operator's stock after selling 10,677 shares during the quarter. Heck Capital Advisors LLC's holdings in Union Pacific were worth $492,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in UNP. Highline Wealth Partners LLC boosted its holdings in Union Pacific by 103.5% during the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock valued at $27,000 after purchasing an additional 59 shares in the last quarter. Financial Gravity Asset Management Inc. acquired a new stake in Union Pacific during the first quarter valued at approximately $32,000. Cornerstone Planning Group LLC boosted its holdings in Union Pacific by 50.5% during 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. Strategic Investment Solutions Inc. IL boosted its holdings in Union Pacific by 38.8% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator's stock valued at $39,000 after purchasing an additional 45 shares in the last quarter. Finally, IMA Advisory Services Inc. acquired a new position in shares of Union Pacific in the 1st quarter worth approximately $43,000. 80.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UNP has been the topic of several recent analyst reports. Redburn Atlantic raised Union Pacific from a "neutral" rating to a "buy" rating and set a $259.00 target price on the stock in a report on Wednesday, April 16th. Wells Fargo & Company boosted their price objective on shares of Union Pacific from $250.00 to $260.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Jefferies Financial Group upgraded shares of Union Pacific from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $250.00 to $285.00 in a research report on Friday, July 25th. Sanford C. Bernstein boosted their price objective on shares of Union Pacific from $271.00 to $286.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Finally, Bank of America boosted their price objective on shares of Union Pacific from $256.00 to $262.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Union Pacific currently has an average rating of "Moderate Buy" and a consensus target price of $258.21.

Union Pacific Price Performance

Shares of UNP stock opened at $218.89 on Wednesday. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $258.07. The firm has a market capitalization of $129.81 billion, a price-to-earnings ratio of 19.02, a price-to-earnings-growth ratio of 2.14 and a beta of 1.05. 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 firm has a fifty day moving average of $227.04 and a 200-day moving average of $230.04.

Union Pacific (NYSE:UNP - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The company had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.09 billion. During the same quarter in the previous year, the business earned $2.74 EPS. The firm's revenue was up 2.4% on a year-over-year basis. On average, equities research analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.5%. 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. Union Pacific's dividend payout ratio (DPR) is currently 46.57%.

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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