Phraction Management LLC Has $1.27 Million Stock Position in Union Pacific Corporation $UNP

Key Points

• Phraction Management LLC reduced its holdings in Union Pacific Corporation by 24.6% in the second quarter, ending with a stock position valued at $1.27 million.
• Analysts have mixed views on Union Pacific's stock, with ratings ranging from "Strong Buy" to "Hold" and a consensus price target of $260.00.
• The company recently announced an increase in its quarterly dividend, raising it to $1.38 per share, reflecting a positive change in its payout strategy.

Phraction Management LLC reduced its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 24.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,537 shares of the railroad operator's stock after selling 1,810 shares during the period. Phraction Management LLC's holdings in Union Pacific were worth $1,274,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of UNP. Highline Wealth Partners LLC increased its holdings 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 purchasing an additional 59 shares during the period. CBIZ Investment Advisory Services LLC grew 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 purchasing an additional 112 shares in the last quarter. Financial Gravity Asset Management Inc. acquired a new position in Union Pacific in the 1st quarter valued at approximately $32,000. WPG Advisers LLC acquired a new position in Union Pacific in the 1st quarter valued at approximately $33,000. Finally, Cornerstone Planning Group LLC lifted its position in Union Pacific by 50.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock worth $37,000 after buying an additional 56 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on UNP. Loop Capital upgraded shares of Union Pacific from a "sell" rating to a "hold" rating and boosted their price target for the company from $214.00 to $227.00 in a report on Tuesday, September 16th. Morgan Stanley reduced their price objective on Union Pacific from $220.00 to $215.00 and set an "equal weight" rating for the company in a research report on Monday, July 7th. BMO Capital Markets boosted their target price on Union Pacific from $270.00 to $277.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Susquehanna reaffirmed a "positive" rating and issued a $272.00 target price (up from $257.00) on shares of Union Pacific in a research report on Thursday, September 25th. Finally, Wells Fargo & Company lifted their price target on Union Pacific from $250.00 to $260.00 and gave the company an "overweight" rating in a report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat, Union Pacific currently has a consensus rating of "Moderate Buy" and a consensus price target of $260.00.

Union Pacific Stock Performance

UNP opened at $234.65 on Friday. 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 company has a market cap of $139.16 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 2.45 and a beta of 1.07. The stock has a 50-day moving average of $223.43 and a 200-day moving average of $224.59. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $256.84.

Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, beating analysts' consensus estimates of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. 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 firm posted $2.74 earnings per share. The company's quarterly revenue was up 2.4% compared to the same quarter last year. As a group, equities research analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th were given a dividend of $1.38 per share. The ex-dividend date of this dividend 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 (DPR) is presently 47.96%.

Union Pacific 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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