1,813 Shares in Union Pacific Corporation $UNP Purchased by Signal Advisors Wealth LLC

Key Points

• Signal Advisors Wealth LLC acquired a new stake in Union Pacific Corporation, purchasing 1,813 shares valued at approximately $417,000 during the second quarter.
• Union Pacific recently declared a quarterly dividend of $1.38, increasing from the previous dividend of $1.34, representing a 2.5% annual dividend yield.
• The company reported earnings per share of $3.03 for the last quarter, surpassing analysts' expectations of $2.84, with revenue increasing by 2.4% year-over-year.

Signal Advisors Wealth LLC bought a new stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,813 shares of the railroad operator's stock, valued at approximately $417,000.

Several other institutional investors also recently bought and sold shares of UNP. LGT Group Foundation grew its stake in shares of Union Pacific by 9.7% in the 1st quarter. LGT Group Foundation now owns 5,398 shares of the railroad operator's stock worth $1,275,000 after buying an additional 477 shares in the last quarter. Nuveen LLC bought a new stake in shares of Union Pacific in the 1st quarter worth about $988,822,000. SlateStone Wealth LLC lifted its holdings in shares of Union Pacific by 6.2% in the 1st quarter. SlateStone Wealth LLC now owns 13,264 shares of the railroad operator's stock worth $3,133,000 after acquiring an additional 772 shares during the last quarter. Meadow Creek Wealth Advisors LLC lifted its holdings in shares of Union Pacific by 10.9% in the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 3,666 shares of the railroad operator's stock worth $866,000 after acquiring an additional 359 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Union Pacific by 16.8% in the 1st quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator's stock worth $2,491,000 after acquiring an additional 1,520 shares during the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UNP has been the subject of a number of research analyst reports. BMO Capital Markets lifted their price objective on shares of Union Pacific from $270.00 to $277.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Baird R W upgraded shares of Union Pacific to a "hold" rating in a report on Tuesday, July 1st. Evercore ISI decreased 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 report on Friday, July 25th. Wells Fargo & Company lifted their price objective on shares of Union Pacific from $250.00 to $260.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Finally, Citigroup raised shares of Union Pacific from a "neutral" rating to a "buy" rating and raised their target price for the company from $250.00 to $251.00 in a research report on Monday, September 15th. 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's stock. Based on data from MarketBeat, Union Pacific has an average rating of "Moderate Buy" and an average target price of $259.38.

Union Pacific Price Performance

NYSE:UNP traded up $1.45 during trading hours on Tuesday, reaching $227.30. 1,005,614 shares of the company were exchanged, compared to its average volume of 3,541,974. 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's 50-day moving average is $222.51 and its 200-day moving average is $224.70. The firm has a market cap of $134.80 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 2.14 and a beta of 1.03. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The firm's revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.74 earnings per share. On average, sell-side analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, August 29th. This is an increase from Union Pacific's previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a yield of 2.4%. Union Pacific's dividend payout ratio (DPR) is 47.96%.

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.