New Age Alpha Advisors LLC Purchases 38,257 Shares of Union Pacific Corporation (NYSE:UNP)

Key Points

• New Age Alpha Advisors LLC significantly increased its holdings in Union Pacific Corporation by buying an additional 38,257 shares, raising their total to 43,334 shares, valued at approximately $10.24 million.
• Union Pacific recently announced a quarterly dividend increase from $1.34 to $1.38 per share, with a dividend yield of 2.5%, reflecting confidence in its financial stability.
• The company's stock has seen a target price range from various analysts, with a consensus target of around $258.21 and an average rating of "Moderate Buy".

New Age Alpha Advisors LLC lifted its position in Union Pacific Corporation (NYSE:UNP - Free Report) by 753.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,334 shares of the railroad operator's stock after buying an additional 38,257 shares during the period. New Age Alpha Advisors LLC's holdings in Union Pacific were worth $10,237,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Highline Wealth Partners LLC increased its position in shares of Union Pacific by 103.5% in the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock valued at $27,000 after buying an additional 59 shares in the last quarter. Financial Gravity Asset Management Inc. bought a new stake in shares of Union Pacific in the 1st quarter valued at $32,000. EnRich Financial Partners LLC bought a new stake in shares of Union Pacific in the 4th quarter valued at $31,000. Strategic Investment Solutions Inc. IL increased its position in shares of Union Pacific by 38.8% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator's stock valued at $39,000 after buying an additional 45 shares in the last quarter. Finally, Cornerstone Planning Group LLC increased its position in shares of Union Pacific by 50.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock valued at $37,000 after buying an additional 56 shares in the last quarter. Institutional investors own 80.38% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on UNP. Susquehanna lowered their price objective on shares of Union Pacific from $260.00 to $257.00 and set a "positive" rating for the company in a research report on Wednesday, July 30th. UBS Group increased their target price on Union Pacific from $238.00 to $240.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Stifel Nicolaus lowered their target price on Union Pacific from $270.00 to $248.00 and set a "buy" rating for the company in a report on Monday, April 14th. Jefferies Financial Group upgraded Union Pacific from a "hold" rating to a "buy" rating and increased their target price for the stock from $250.00 to $285.00 in a report on Friday, July 25th. Finally, Redburn Atlantic upgraded Union Pacific from a "neutral" rating to a "buy" rating and set a $259.00 target price for the company in a report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $258.21.

Union Pacific Trading Up 1.2%

Shares of NYSE:UNP opened at $222.03 on Tuesday. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $258.07. The company has a market capitalization of $131.67 billion, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 2.14 and a beta of 1.06. The company has a 50-day simple moving average of $227.03 and a 200 day simple moving average of $230.75. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65.

Union Pacific (NYSE:UNP - Get Free Report) last issued its 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 business had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.09 billion. During the same period last year, the business posted $2.74 EPS. Union Pacific's revenue was up 2.4% on a year-over-year basis. Sell-side analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The company 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 is an increase from Union Pacific's previous quarterly dividend of $1.34. The ex-dividend date is Friday, August 29th. This represents a $5.52 annualized dividend and a yield of 2.5%. Union Pacific's dividend payout ratio (DPR) is 47.96%.

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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