NewEdge Wealth LLC Raises Stock Holdings in Union Pacific Corporation (NYSE:UNP)

Key Points

• NewEdge Wealth LLC has increased its holdings in Union Pacific Corporation by 7.1% in the first quarter, now owning 115,440 shares valued at approximately $27.27 million.
• Union Pacific recently declared a quarterly dividend of $1.38, up from $1.34, representing an annualized dividend yield of 2.5%.
• Analysts have varying perspectives on Union Pacific, with a consensus rating of "Moderate Buy" and a price target averaging $258.21.

NewEdge Wealth LLC boosted its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 7.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 115,440 shares of the railroad operator's stock after purchasing an additional 7,676 shares during the period. NewEdge Wealth LLC's holdings in Union Pacific were worth $27,271,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Arete Wealth Advisors LLC lifted its holdings in Union Pacific by 103.1% during the 4th quarter. Arete Wealth Advisors LLC now owns 4,067 shares of the railroad operator's stock worth $927,000 after buying an additional 2,065 shares during the last quarter. Thoroughbred Financial Services LLC lifted its holdings in Union Pacific by 7.8% during the 4th quarter. Thoroughbred Financial Services LLC now owns 5,317 shares of the railroad operator's stock worth $1,212,000 after buying an additional 387 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new position in Union Pacific during the 4th quarter worth approximately $42,509,000. Mizuho Bank Ltd. bought a new position in Union Pacific during the 4th quarter worth approximately $105,000. Finally, Aviva PLC lifted its holdings in Union Pacific by 10.6% during the 4th quarter. Aviva PLC now owns 367,120 shares of the railroad operator's stock worth $83,718,000 after buying an additional 35,130 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company's stock.

Union Pacific Trading Down 1.2%

Union Pacific stock opened at $219.31 on Friday. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $258.07. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. The stock has a market capitalization of $130.06 billion, a P/E ratio of 19.05, a PEG ratio of 2.14 and a beta of 1.06. The stock has a 50-day simple moving average of $227.04 and a 200 day simple moving average of $230.86.

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

Union Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be given a $1.38 dividend. The ex-dividend date is Friday, August 29th. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.5%. Union Pacific's dividend payout ratio (DPR) is presently 46.57%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on UNP. Stifel Nicolaus dropped their price target on Union Pacific from $270.00 to $248.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Stephens dropped their price target on Union Pacific from $275.00 to $255.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Citigroup cut Union Pacific from a "strong-buy" rating to a "hold" rating and lowered their target price for the company from $270.00 to $250.00 in a research report on Wednesday. Raymond James Financial restated a "strong-buy" rating on shares of Union Pacific in a research report on Tuesday, July 15th. Finally, Redburn Atlantic upgraded Union Pacific from a "neutral" rating to a "buy" rating and set a $259.00 target price on the stock in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $258.21.

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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