Robertson Stephens Wealth Management LLC Buys 2,524 Shares of Union Pacific Corporation $UNP

Key Points

• Robertson Stephens Wealth Management LLC increased its holdings in Union Pacific Corporation (NYSE:UNP) by 31.1%, acquiring an additional 2,524 shares during the 2nd quarter, totaling 10,634 shares valued at approximately $2.45 million.
• Union Pacific reported earnings of $3.03 per share in its latest quarter, surpassing analyst expectations and achieving revenue of $6.15 billion, representing a year-over-year increase of 2.4%.
• The company declared an increase in its quarterly dividend to $1.38, reflecting an annualized yield of 2.4%, with a payout ratio of 47.96%.

Robertson Stephens Wealth Management LLC grew its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 31.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,634 shares of the railroad operator's stock after purchasing an additional 2,524 shares during the quarter. Robertson Stephens Wealth Management LLC's holdings in Union Pacific were worth $2,447,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Highline Wealth Partners LLC boosted its stake 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 last quarter. CBIZ Investment Advisory Services LLC boosted its stake in shares of Union Pacific by 1,400.0% in the 1st 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 during the last quarter. Financial Gravity Asset Management Inc. bought a new position in shares of Union Pacific in the 1st quarter valued at about $32,000. WPG Advisers LLC bought a new position in shares of Union Pacific in the 1st quarter valued at about $33,000. Finally, GFG Capital LLC bought a new position in shares of Union Pacific in the 2nd quarter valued at about $38,000. Institutional investors own 80.38% of the company's stock.

Union Pacific Stock Performance

Shares of UNP opened at $225.54 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. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84. The firm's 50 day moving average price is $224.45 and its two-hundred day moving average price is $224.47. The firm has a market cap of $133.77 billion, a P/E ratio of 19.60, a PEG ratio of 2.41 and a beta of 1.07.

Union Pacific (NYSE:UNP - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share 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 firm had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same quarter in the previous year, the firm posted $2.74 earnings per share. The business's revenue was up 2.4% on a year-over-year basis. On average, analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th were paid a $1.38 dividend. The ex-dividend date of this dividend was Friday, August 29th. This is an increase from Union Pacific's previous quarterly dividend of $1.34. This represents a $5.52 dividend on an annualized basis and a yield of 2.4%. Union Pacific's payout ratio is presently 47.96%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Union Pacific from $250.00 to $260.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Raymond James Financial reissued a "strong-buy" rating on shares of Union Pacific in a research note on Tuesday, July 15th. UBS Group set a $253.00 price objective on shares of Union Pacific and gave the stock a "neutral" rating in a research note on Friday, October 3rd. Sanford C. Bernstein lifted their price objective on shares of Union Pacific from $271.00 to $286.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Finally, Evercore ISI reduced their price objective on shares of Union Pacific from $244.00 to $238.00 and set an "in-line" rating on the stock in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $261.08.

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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