Integrated Wealth Concepts LLC Buys 4,481 Shares of Union Pacific Corporation $UNP

Key Points

• Integrated Wealth Concepts increased its Union Pacific stake by 21% in the second quarter, purchasing 4,481 additional shares and bringing its holdings to 25,853 shares valued at approximately $7.03 million.
• Union Pacific reported quarterly earnings of $3.41 per share, exceeding estimates of $3.26, while revenue rose 11.5% year over year to $6.86 billion. Institutional investors own 80.38% of the company.
• The company raised its quarterly dividend from $1.38 to $1.42 per share, equivalent to a 2.0% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $320.89.

Integrated Wealth Concepts LLC boosted its stake in Union Pacific Corporation (NYSE:UNP - Free Report) by 21.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 25,853 shares of the railroad operator's stock after buying an additional 4,481 shares during the period. Integrated Wealth Concepts LLC's holdings in Union Pacific were worth $7,032,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Community Bank N.A. boosted its position in shares of Union Pacific by 0.8% in the second quarter. Community Bank N.A. now owns 5,076 shares of the railroad operator's stock valued at $1,381,000 after acquiring an additional 38 shares during the period. RFG Advisory LLC raised its position in shares of Union Pacific by 1.4% in the second quarter. RFG Advisory LLC now owns 8,154 shares of the railroad operator's stock valued at $2,218,000 after buying an additional 113 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Union Pacific by 12.2% in the second quarter. NewEdge Advisors LLC now owns 177,077 shares of the railroad operator's stock valued at $48,165,000 after buying an additional 19,279 shares during the period. IFP Advisors Inc boosted its stake in shares of Union Pacific by 28.7% in the second quarter. IFP Advisors Inc now owns 19,309 shares of the railroad operator's stock valued at $5,252,000 after buying an additional 4,304 shares during the period. Finally, Baird Financial Group Inc. boosted its stake in shares of Union Pacific by 3.0% in the second quarter. Baird Financial Group Inc. now owns 2,138,390 shares of the railroad operator's stock valued at $581,642,000 after buying an additional 61,835 shares during the period. 80.38% of the stock is owned by institutional investors.

Union Pacific Price Performance

UNP stock opened at $284.46 on Friday. The company has a 50 day simple moving average of $294.87 and a 200 day simple moving average of $271.74. The stock has a market cap of $168.99 billion, a price-to-earnings ratio of 23.03, a P/E/G ratio of 2.84 and a beta of 0.96. Union Pacific Corporation has a 1 year low of $213.89 and a 1 year high of $315.99. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.82.

Union Pacific (NYSE:UNP - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, topping analysts' consensus estimates of $3.26 by $0.15. The business had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.72 billion. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.Union Pacific's quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.03 EPS. Research analysts anticipate that Union Pacific Corporation will post 13.02 EPS for the current fiscal year.

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be paid a $1.42 dividend. This is an increase from Union Pacific's previous quarterly dividend of $1.38. This represents a $5.68 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, August 31st. Union Pacific's payout ratio is currently 45.99%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Citizens Jmp initiated coverage on Union Pacific in a report on Wednesday, July 15th. They issued an "outperform" rating and a $350.00 price objective for the company. Benchmark raised their price target on Union Pacific from $325.00 to $335.00 and gave the stock a "buy" rating in a research report on Friday, July 24th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $339.00 price target (up from $289.00) on shares of Union Pacific in a research note on Friday, July 24th. Barclays reaffirmed an "overweight" rating and set a $350.00 price objective (up from $315.00) on shares of Union Pacific in a research report on Friday, July 24th. Finally, The Goldman Sachs Group set a $317.00 price objective on shares of Union Pacific and gave the stock a "neutral" rating in a research note on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $320.89.

Union Pacific Profile

Union Pacific Corporation is a transportation company that operates Union Pacific Railroad, one of the largest freight railroad networks in the United States. The company provides rail transportation and logistics services for a broad range of commodities, including agricultural products, automotive goods, chemicals, coal, industrial products, and intermodal shipments.

Union Pacific's railroad network serves the western two-thirds of the United States, connecting major markets and ports across approximately 23 states.

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