SOA Wealth Advisors LLC. Acquires 2,376 Shares of Union Pacific Corporation $UNP

Key Points

• SOA Wealth Advisors LLC increased its stake in Union Pacific Corporation by 32.9%, acquiring an additional 2,376 shares in the second quarter, bringing its total holdings to 9,589 shares worth approximately $2.2 million.
• Union Pacific recently reported a quarterly earnings per share (EPS) of $3.03, exceeding analysts' expectations of $2.84, along with a 2.4% year-over-year increase in revenue.
• The company has declared a quarterly dividend of $1.38 per share, marking an increase from the previous dividend of $1.34, resulting in an annualized yield of 2.4%.

SOA Wealth Advisors LLC. increased its holdings in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 32.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,589 shares of the railroad operator's stock after purchasing an additional 2,376 shares during the quarter. SOA Wealth Advisors LLC.'s holdings in Union Pacific were worth $2,206,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Trilogy Capital Inc. acquired a new position in shares of Union Pacific in the second quarter valued at approximately $2,971,000. Panoramic Capital Partners LLC acquired a new stake in shares of Union Pacific during the second quarter worth $209,000. Impact Capital Partners LLC lifted its position in Union Pacific by 2.4% in the 2nd quarter. Impact Capital Partners LLC now owns 9,029 shares of the railroad operator's stock valued at $2,077,000 after acquiring an additional 212 shares in the last quarter. Childress Capital Advisors LLC lifted its position in Union Pacific by 23.4% in the 2nd quarter. Childress Capital Advisors LLC now owns 2,925 shares of the railroad operator's stock valued at $673,000 after acquiring an additional 555 shares in the last quarter. Finally, PFG Investments LLC boosted its stake in Union Pacific by 3.5% in the 2nd quarter. PFG Investments LLC now owns 9,056 shares of the railroad operator's stock worth $2,084,000 after purchasing an additional 308 shares during the period. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Price Performance

NYSE:UNP opened at $234.77 on Thursday. The stock has a market capitalization of $139.23 billion, a PE ratio of 20.40, a P/E/G ratio of 2.46 and a beta of 1.07. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84. The firm has a fifty day simple moving average of $223.15 and a 200 day simple moving average of $224.61. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the prior year, the firm posted $2.74 earnings per share. The company's quarterly revenue was up 2.4% compared to the same quarter last year. On average, research analysts expect that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 29th were issued a dividend of $1.38 per share. The ex-dividend date 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 dividend payout ratio is 47.96%.

Analyst Ratings Changes

Several research firms have issued reports on UNP. Wells Fargo & Company lifted their price target on Union Pacific from $250.00 to $260.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Sanford C. Bernstein lifted their target price on Union Pacific from $271.00 to $286.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Morgan Stanley cut their target price on Union Pacific from $220.00 to $215.00 and set an "equal weight" rating on the stock in a research note on Monday, July 7th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Union Pacific in a research report on Tuesday, July 15th. Finally, UBS Group lifted their price objective on shares of Union Pacific from $238.00 to $240.00 and gave the company a "neutral" rating in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, Union Pacific presently has a consensus rating of "Moderate Buy" and an average price target of $260.00.

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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