RWA Wealth Partners LLC Cuts Stock Position in Union Pacific Corporation $UNP

Key Points

• RWA Wealth Partners LLC reduced its stake in Union Pacific Corporation by 1.5%, holding 115,129 shares valued at approximately $27.2 million following the sale of 1,787 shares.
• Analysts have given Union Pacific an average rating of “Moderate Buy” with a consensus price target of $258.21, while the stock recently opened at $220.55.
• Union Pacific declared a quarterly dividend increase to $1.38, resulting in an annual yield of 2.5%, with a dividend payout ratio of 46.57%.

RWA Wealth Partners LLC lessened its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 1.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 115,129 shares of the railroad operator's stock after selling 1,787 shares during the period. RWA Wealth Partners LLC's holdings in Union Pacific were worth $27,198,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Highline Wealth Partners LLC increased its stake in Union Pacific by 103.5% during the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock worth $27,000 after buying an additional 59 shares during the period. Financial Gravity Asset Management Inc. purchased a new stake in Union Pacific during the 1st quarter worth $32,000. Cornerstone Planning Group LLC increased its stake in Union Pacific by 50.5% during 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 during the period. IMA Advisory Services Inc. purchased a new stake in Union Pacific during the 1st quarter worth $43,000. Finally, Y.D. More Investments Ltd purchased a new stake in Union Pacific during the 1st quarter worth $55,000. 80.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. 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 target price for the company. Barclays downgraded shares of Union Pacific from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, July 30th. Stephens dropped their target price on shares of Union Pacific from $275.00 to $255.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Sanford C. Bernstein boosted their price objective on shares of Union Pacific from $271.00 to $286.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Finally, Evercore ISI lowered their price objective on shares of Union Pacific from $244.00 to $238.00 and set an "in-line" rating for the company in a research report on Friday, July 25th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Union Pacific has an average rating of "Moderate Buy" and a consensus price target of $258.21.

Union Pacific Price Performance

NYSE UNP opened at $220.55 on Monday. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $258.07. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. The stock has a market cap of $130.79 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 2.14 and a beta of 1.05. The company has a 50-day moving average price of $227.06 and a two-hundred day moving average price of $229.29.

Union Pacific (NYSE:UNP - Get Free Report) last issued its quarterly 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. The company had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The business's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.74 EPS. Analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

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

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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