Integrity Alliance LLC. Acquires 43,208 Shares of Union Pacific Corporation $UNP

Key Points

• Integrity Alliance LLC significantly increased its stake in Union Pacific Corporation by 625.2%, acquiring an additional 43,208 shares, bringing their total holdings to 50,119 shares worth approximately $11.84 million.
• Union Pacific reported a quarterly earnings per share (EPS) of $3.03, exceeding the consensus estimate by $0.19, while revenue for the quarter reached $6.15 billion, up 2.4% year-over-year.
• The company declared a quarterly dividend of $1.38, marking an increase from the previous $1.34, with a current dividend yield of 2.6% and a payout ratio of 47.96%.

Integrity Alliance LLC. lifted its position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 625.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,119 shares of the railroad operator's stock after purchasing an additional 43,208 shares during the quarter. Integrity Alliance LLC.'s holdings in Union Pacific were worth $11,840,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UNP. Highline Wealth Partners LLC boosted its position in shares of Union Pacific by 103.5% during the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock worth $27,000 after purchasing an additional 59 shares in the last quarter. Financial Gravity Asset Management Inc. bought a new position in shares of Union Pacific during the first quarter worth $32,000. WPG Advisers LLC bought a new position in shares of Union Pacific during the first quarter worth $33,000. Cornerstone Planning Group LLC boosted its position in shares of Union Pacific by 50.5% during the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock worth $37,000 after purchasing an additional 56 shares in the last quarter. Finally, IMA Advisory Services Inc. bought a new position in shares of Union Pacific during the first quarter worth $43,000. 80.38% of the stock is owned by institutional investors.

Union Pacific Trading Down 0.6%

Shares of NYSE:UNP opened at $215.91 on Wednesday. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84. 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 company's fifty day simple moving average is $225.75 and its 200 day simple moving average is $226.53. The firm has a market cap of $128.05 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 2.11 and a beta of 1.03.

Union Pacific (NYSE:UNP - Get Free Report) last issued 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 firm had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same period in the previous year, the business earned $2.74 EPS. The company's revenue was up 2.4% compared to the same quarter last year. As a group, research analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently declared 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. This represents a $5.52 annualized dividend and a yield of 2.6%. The ex-dividend date is Friday, August 29th. This is an increase from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's dividend payout ratio (DPR) is presently 47.96%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on UNP. The Goldman Sachs Group reissued a "neutral" rating and set a $263.00 price target on shares of Union Pacific in a research report on Monday, June 2nd. Barclays cut shares of Union Pacific from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, July 30th. Royal Bank Of Canada raised their price objective on shares of Union Pacific from $257.00 to $276.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Susquehanna dropped their price objective on shares of Union Pacific from $260.00 to $257.00 and set a "positive" rating on the stock in a report on Wednesday, July 30th. Finally, Sanford C. Bernstein raised their price objective on shares of Union Pacific from $271.00 to $286.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $258.21.

Union Pacific 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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