Pioneer Wealth Management Group Purchases New Position in Union Pacific Corporation $UNP

Key Points

• Pioneer Wealth Management Group acquired a new position in Union Pacific Corporation, purchasing 2,030 shares valued at approximately $467,000 in the second quarter.
• Union Pacific recently increased its quarterly dividend to $1.38 per share, translating to an annualized yield of 2.5% and indicating a dividend payout ratio of 47.96%.
• The company reported earnings per share of $3.03 for the last quarter, surpassing estimates by $0.19 and showing a year-over-year revenue increase of 2.4%.

Pioneer Wealth Management Group purchased a new stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 2,030 shares of the railroad operator's stock, valued at approximately $467,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Piscataqua Savings Bank grew its holdings in Union Pacific by 0.7% during the 2nd quarter. Piscataqua Savings Bank now owns 8,418 shares of the railroad operator's stock worth $1,937,000 after acquiring an additional 57 shares during the last quarter. Clare Market Investments LLC grew its holdings in Union Pacific by 0.6% during the 2nd quarter. Clare Market Investments LLC now owns 8,454 shares of the railroad operator's stock worth $1,945,000 after acquiring an additional 51 shares during the last quarter. Trust Point Inc. grew its holdings in Union Pacific by 35.1% during the 2nd quarter. Trust Point Inc. now owns 7,317 shares of the railroad operator's stock worth $1,683,000 after acquiring an additional 1,901 shares during the last quarter. Moody National Bank Trust Division grew its holdings in Union Pacific by 1.7% during the 2nd quarter. Moody National Bank Trust Division now owns 10,274 shares of the railroad operator's stock worth $2,364,000 after acquiring an additional 167 shares during the last quarter. Finally, Rockland Trust Co. grew its holdings in Union Pacific by 7.1% during the 2nd quarter. Rockland Trust Co. now owns 136,472 shares of the railroad operator's stock worth $31,399,000 after acquiring an additional 9,103 shares during the last quarter. 80.38% of the stock is owned by institutional investors.

Union Pacific Stock Up 1.5%

Shares of NYSE UNP opened at $220.43 on Friday. The company has a market capitalization of $130.72 billion, a P/E ratio of 19.15, a price-to-earnings-growth ratio of 2.11 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 debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. The company's 50 day moving average price is $222.94 and its 200-day moving average price is $225.28.

Union Pacific (NYSE:UNP - Get Free Report) last released its 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. 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 the consensus estimate of $6.09 billion. During the same quarter in the previous year, the company earned $2.74 EPS. Union Pacific's quarterly revenue was up 2.4% compared to the same quarter last year. Equities analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors 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 2.5%. The ex-dividend date is Friday, August 29th. This is a boost from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's dividend payout ratio is presently 47.96%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on UNP. Morgan Stanley reduced their target price on shares of Union Pacific from $220.00 to $215.00 and set an "equal weight" rating on the stock in a report on Monday, July 7th. Citigroup raised shares of Union Pacific from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $250.00 to $251.00 in a report on Monday. Baird R W raised shares of Union Pacific to a "hold" rating in a report on Tuesday, July 1st. Evercore ISI dropped their price target on shares of Union Pacific from $244.00 to $238.00 and set an "in-line" rating on the stock in a research report on Friday, July 25th. Finally, 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 price target on the stock. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $259.38.

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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