Teamwork Financial Advisors LLC Acquires 3,791 Shares of Union Pacific Corporation $UNP

Key Points

• Teamwork Financial Advisors increased its Union Pacific stake by 9.4% in the second quarter, adding 3,791 shares to own 44,059 shares valued at approximately $11.98 million. Institutional investors and hedge funds collectively own 80.38% of the company.
• Wall Street remains broadly positive on Union Pacific, with a consensus “Moderate Buy” rating and an average price target of $320.89. Recent analyst targets range from $320 to $344.
• Union Pacific exceeded quarterly expectations with earnings of $3.41 per share and revenue of $6.86 billion, while revenue rose 11.5% year over year. The company also raised its quarterly dividend to $1.42 per share, equivalent to a 2.0% annual yield.

Teamwork Financial Advisors LLC lifted its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 9.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,059 shares of the railroad operator's stock after purchasing an additional 3,791 shares during the quarter. Teamwork Financial Advisors LLC's holdings in Union Pacific were worth $11,984,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Cambient Family Office LLC acquired a new stake in Union Pacific in the 4th quarter valued at about $1,319,000. First National Bank of Omaha increased its position in Union Pacific by 35.8% during the fourth quarter. First National Bank of Omaha now owns 54,635 shares of the railroad operator's stock worth $12,665,000 after buying an additional 14,399 shares during the last quarter. North Dakota State Investment Board bought a new stake in Union Pacific in the fourth quarter valued at approximately $4,746,000. Sage Investment Advisers LLC bought a new stake in Union Pacific in the fourth quarter valued at approximately $997,000. Finally, National Pension Service lifted its position in shares of Union Pacific by 1.2% in the fourth quarter. National Pension Service now owns 1,316,496 shares of the railroad operator's stock valued at $304,532,000 after buying an additional 15,785 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on UNP shares. Stephens upgraded Union Pacific to a "strong-buy" rating in a research note on Wednesday, July 8th. Robert W. Baird raised their price target on Union Pacific from $311.00 to $344.00 and gave the company an "outperform" rating in a report on Monday, July 27th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $335.00 price target (up from $315.00) on shares of Union Pacific in a report on Friday, July 24th. BMO Capital Markets reaffirmed a "market perform" rating and set a $320.00 price objective (up from $285.00) on shares of Union Pacific in a research report on Friday, July 24th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Union Pacific from $304.00 to $334.00 and gave the company a "neutral" rating in a report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $320.89.

Union Pacific Price Performance

Union Pacific stock opened at $288.68 on Wednesday. The company has a market capitalization of $171.50 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 2.88 and a beta of 0.96. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40. Union Pacific Corporation has a 12 month low of $210.84 and a 12 month high of $315.99. The stock's 50 day moving average is $294.62 and its 200-day moving average is $271.35.

Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, topping the consensus estimate of $3.26 by $0.15. The business had revenue of $6.86 billion during the quarter, compared to analysts' expectations of $6.72 billion. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The firm's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period last year, the firm posted $3.03 EPS. Equities research analysts expect that Union Pacific Corporation will post 13.02 EPS for the current year.

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, August 31st. This is a positive change from Union Pacific's previous quarterly dividend of $1.38. Union Pacific's dividend payout ratio (DPR) is 45.99%.

Union Pacific Company Profile

Union Pacific Corporation is a transportation company that operates Union Pacific Railroad, one of the largest freight railroad networks in the United States. The company provides rail transportation and logistics services for a broad range of commodities, including agricultural products, automotive goods, chemicals, coal, industrial products, and intermodal shipments.

Union Pacific's railroad network serves the western two-thirds of the United States, connecting major markets and ports across approximately 23 states.

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