Simplicity Wealth LLC Purchases 8,046 Shares of Union Pacific Corporation $UNP

Key Points

• Simplicity Wealth LLC increased its stake in Union Pacific Corporation by 101.8%, acquiring an additional 8,046 shares in the 2nd quarter, bringing its total holdings to 15,946 shares valued at approximately $3.67 million.
• Union Pacific's recent quarterly earnings reported $3.03 EPS, surpassing expectations, with revenues of $6.15 billion, a net margin of 28.43%, and an annualized dividend yield of 2.3%.
• Analyst ratings for Union Pacific include a consensus of "Moderate Buy", with price targets ranging from $231.00 to $272.00.

Simplicity Wealth LLC lifted its stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 101.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,946 shares of the railroad operator's stock after acquiring an additional 8,046 shares during the period. Simplicity Wealth LLC's holdings in Union Pacific were worth $3,669,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in UNP. Northern Trust Corp lifted its stake in shares of Union Pacific by 2.0% during the 1st quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator's stock worth $1,678,575,000 after buying an additional 142,732 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Union Pacific by 5.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,949,345 shares of the railroad operator's stock valued at $1,641,715,000 after buying an additional 354,463 shares during the period. Royal Bank of Canada increased its holdings in Union Pacific by 1.7% in the 1st quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator's stock valued at $1,206,191,000 after buying an additional 86,292 shares during the period. Canada Pension Plan Investment Board increased its holdings in Union Pacific by 10.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator's stock valued at $1,092,893,000 after buying an additional 452,788 shares during the period. Finally, Nuveen LLC bought a new stake in shares of Union Pacific during the 1st quarter valued at approximately $988,822,000. Institutional investors own 80.38% of the company's stock.

Union Pacific Stock Performance

UNP opened at $236.60 on Friday. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84. 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 company has a market cap of $140.33 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 2.47 and a beta of 1.07. The company's fifty day moving average price is $223.67 and its two-hundred day moving average price is $224.51.

Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, beating the consensus estimate of $2.84 by $0.19. The business had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The company's revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.74 earnings per share. On average, analysts expect that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 29th were paid a $1.38 dividend. 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 2.3%. The ex-dividend date of this dividend was Friday, August 29th. Union Pacific's payout ratio is 47.96%.

Analysts Set New Price Targets

UNP has been the topic of several research reports. Wells Fargo & Company lifted their price target 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. Robert W. Baird initiated coverage on shares of Union Pacific in a report on Tuesday, July 1st. They set a "neutral" rating and a $231.00 price target on the stock. Citigroup upgraded shares of Union Pacific from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $250.00 to $251.00 in a research report on Monday, September 15th. Argus downgraded shares of Union Pacific from a "buy" rating to a "hold" rating in a research report on Tuesday, August 12th. Finally, Susquehanna reiterated a "positive" rating and set a $272.00 target price (up from $257.00) on shares of Union Pacific in a research report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, Union Pacific has a consensus rating of "Moderate Buy" and a consensus target price of $260.54.

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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