Norris Perne & French LLP MI Increases Stock Position in Union Pacific Corporation $UNP

Key Points

• Norris Perne & French LLP MI increased its stake in Union Pacific Corporation by 0.8%, holding 131,404 shares worth approximately $30.2 million, making it the firm's 12th largest position.
• Union Pacific recently announced a quarterly dividend increase from $1.34 to $1.38 per share, reflecting an annualized dividend yield of 2.3%.
• The company's quarterly earnings beat expectations with an EPS of $3.03, surpassing analysts' forecasts by $0.19 and showing a 2.4% year-over-year revenue growth.

Norris Perne & French LLP MI raised its position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 131,404 shares of the railroad operator's stock after buying an additional 1,086 shares during the quarter. Union Pacific comprises approximately 2.1% of Norris Perne & French LLP MI's portfolio, making the stock its 12th biggest position. Norris Perne & French LLP MI's holdings in Union Pacific were worth $30,233,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Highline Wealth Partners LLC lifted its position in Union Pacific by 103.5% during the first 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 during the period. CBIZ Investment Advisory Services LLC lifted its position in Union Pacific by 1,400.0% during the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator's stock valued at $28,000 after buying an additional 112 shares during the period. Financial Gravity Asset Management Inc. purchased a new position in Union Pacific during the first quarter valued at $32,000. WPG Advisers LLC purchased a new position in Union Pacific during the first quarter valued at $33,000. Finally, Cornerstone Planning Group LLC lifted its position in Union Pacific by 50.5% during the first 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 during the period. Hedge funds and other institutional investors own 80.38% of the company's stock.

Union Pacific Trading Up 1.4%

Union Pacific stock opened at $235.14 on Monday. The business has a 50-day simple moving average of $222.73 and a two-hundred day simple moving average of $224.47. The company has a market cap of $139.45 billion, a P/E ratio of 20.43, a P/E/G ratio of 2.45 and a beta of 1.03. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week 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.

Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) 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 the consensus estimate of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The business's quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.74 EPS. Analysts predict that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, August 29th. This is an increase from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's payout ratio is presently 47.96%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Robert W. Baird assumed coverage on Union Pacific in a report on Tuesday, July 1st. They set a "neutral" rating and a $231.00 price target for the company. Loop Capital upgraded Union Pacific from a "sell" rating to a "hold" rating and raised their price target for the company from $214.00 to $227.00 in a report on Tuesday, September 16th. Jefferies Financial Group upgraded Union Pacific from a "hold" rating to a "buy" rating and raised their price target for the company from $250.00 to $285.00 in a report on Friday, July 25th. Citigroup upgraded Union Pacific from a "neutral" rating to a "buy" rating and raised their price target for the company from $250.00 to $251.00 in a report on Monday, September 15th. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $263.00 price target on shares of Union Pacific in a report on Monday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $260.00.

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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