Morey & Quinn Wealth Partners LLC Has $3.32 Million Position in Union Pacific Corporation $UNP

Key Points

• Morey & Quinn Wealth Partners LLC reduced its stake in Union Pacific Corporation by **9.7%**, holding a total of **14,410 shares** worth approximately **$3.32 million**, making it the firm's **7th largest holding**.
• Union Pacific reported **$3.03 earnings per share (EPS)** for its latest quarter, exceeding analysts' estimates, and achieved revenue of **$6.15 billion**, reflecting a **2.4% increase** compared to last year.
• The company recently announced a quarterly dividend of **$1.38 per share**, marking an increase from the previous dividend of **$1.34**, and representing an annualized yield of **2.4%** with a payout ratio of **47.96%**.

Morey & Quinn Wealth Partners LLC decreased its stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 9.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 14,410 shares of the railroad operator's stock after selling 1,555 shares during the period. Union Pacific accounts for about 2.7% of Morey & Quinn Wealth Partners LLC's portfolio, making the stock its 7th largest holding. Morey & Quinn Wealth Partners LLC's holdings in Union Pacific were worth $3,315,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of UNP. Nuveen LLC bought a new stake in Union Pacific in the 1st quarter valued at about $988,822,000. Goldman Sachs Group Inc. boosted its holdings in Union Pacific by 29.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,699,109 shares of the railroad operator's stock valued at $873,878,000 after purchasing an additional 850,025 shares during the period. Auto Owners Insurance Co boosted its holdings in Union Pacific by 61,054.6% in the 1st quarter. Auto Owners Insurance Co now owns 625,000 shares of the railroad operator's stock valued at $147,650,000 after purchasing an additional 623,978 shares during the period. Menora Mivtachim Holdings LTD. bought a new stake in Union Pacific in the 1st quarter valued at about $115,096,000. Finally, Canada Pension Plan Investment Board boosted its holdings in Union Pacific by 10.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator's stock valued at $1,092,893,000 after purchasing an additional 452,788 shares during the period. Institutional investors own 80.38% of the company's stock.

Union Pacific Price Performance

UNP stock opened at $232.72 on Thursday. The company has a 50 day simple moving average of $224.14 and a 200 day simple moving average of $224.57. The stock has a market cap of $138.03 billion, a price-to-earnings ratio of 20.22, a P/E/G ratio of 2.41 and a beta of 1.07. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53.

Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.84 by $0.19. The business had revenue of $6.15 billion during the quarter, compared to analysts' expectations of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The firm's quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.74 EPS. Research analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 29th were given a dividend of $1.38 per share. The ex-dividend date was Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a yield of 2.4%. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's dividend payout ratio is currently 47.96%.

Analyst Ratings Changes

UNP has been the subject of a number of recent research reports. UBS Group set a $253.00 price objective on shares of Union Pacific and gave the company a "neutral" rating in a report on Friday, October 3rd. BMO Capital Markets boosted their target price on shares of Union Pacific from $270.00 to $277.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Robert W. Baird assumed coverage on shares of Union Pacific in a research report on Tuesday, July 1st. They issued a "neutral" rating and a $231.00 target price for the company. Argus cut shares of Union Pacific from a "buy" rating to a "hold" rating in a research report on Tuesday, August 12th. Finally, Loop Capital upgraded shares of Union Pacific from a "sell" rating to a "hold" rating and boosted their target price for the company from $214.00 to $227.00 in a research report on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $261.08.

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.

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