Lineweaver Wealth Advisors LLC Makes New Investment in Union Pacific Corporation $UNP

Key Points

• Lineweaver Wealth Advisors LLC has acquired 2,668 shares of Union Pacific Corporation valued at approximately $614,000, reflecting growing institutional interest in the company.
• Union Pacific recently announced a quarterly dividend of $1.38, marking an increase from the previous $1.34, with a dividend yield of 2.6%.
• Equities analysts have mixed ratings on Union Pacific, with one Strong Buy, fifteen Buy ratings, and a consensus price target of $259.38.

Lineweaver Wealth Advisors LLC bought a new position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,668 shares of the railroad operator's stock, valued at approximately $614,000.

Several other institutional investors have also recently bought and sold shares of UNP. Highline Wealth Partners LLC raised 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 acquiring an additional 59 shares during the last quarter. CBIZ Investment Advisory Services LLC boosted its position in 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 valued at $28,000 after acquiring an additional 112 shares in the last quarter. Financial Gravity Asset Management Inc. bought a new stake in Union Pacific during the 1st quarter valued at approximately $32,000. WPG Advisers LLC bought a new stake in Union Pacific during the 1st quarter valued at approximately $33,000. Finally, Cornerstone Planning Group LLC boosted its position in Union Pacific by 50.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock valued at $37,000 after acquiring an additional 56 shares in the last quarter. Institutional investors own 80.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on UNP. Raymond James Financial reissued a "strong-buy" rating on shares of Union Pacific in a research report on Tuesday, July 15th. Argus cut Union Pacific from a "buy" rating to a "hold" rating in a research report on Tuesday, August 12th. BMO Capital Markets boosted their price target on Union Pacific from $270.00 to $277.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Jefferies Financial Group raised Union Pacific from a "hold" rating to a "buy" rating and upped their price objective for the company from $250.00 to $285.00 in a research report on Friday, July 25th. Finally, Morgan Stanley lowered their price objective on Union Pacific from $220.00 to $215.00 and set an "equal weight" rating on the stock in a research report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $259.38.

Union Pacific Price Performance

Shares of NYSE UNP traded up $0.50 during midday trading on Friday, hitting $220.86. The company had a trading volume of 8,631,770 shares, compared to its average volume of 4,396,240. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84. The business has a 50-day simple moving average of $222.66 and a two-hundred day simple moving average of $225.13. The firm has a market capitalization of $130.98 billion, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 2.14 and a beta of 1.03.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, beating 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 quarter in the previous year, the business posted $2.74 earnings per share. Equities research analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be paid a dividend of $1.38 per share. This is an increase from Union Pacific's previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, August 29th. Union Pacific's payout ratio is presently 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.