Teamwork Financial Advisors LLC Grows Stock Holdings in 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 hold 44,059 shares valued at approximately $11.98 million. Institutional investors collectively own 80.38% of the company.
• Union Pacific exceeded quarterly expectations, reporting $3.41 in EPS and $6.86 billion in revenue, with revenue up 11.5% year over year. The company also raised its quarterly dividend from $1.38 to $1.42 per share, for an annualized yield of about 1.9%.
• Analysts maintain a favorable outlook, with the stock carrying a consensus “Moderate Buy” rating and an average price target of $320.89. Shares recently opened at $292.98, while an executive separately sold 2,991 shares worth about $789,500.

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

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Tucker Asset Management LLC acquired a new stake in shares of Union Pacific in the 4th quarter worth $25,000. SWAN Capital LLC increased its position in Union Pacific by 2,575.0% during the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator's stock valued at $25,000 after buying an additional 103 shares in the last quarter. Rachor Investment Advisory Services LLC purchased a new stake in Union Pacific in the fourth quarter valued at about $25,000. High Point Wealth Management LLC purchased a new stake in Union Pacific in the fourth quarter valued at about $26,000. Finally, Scarborough Advisors LLC acquired a new stake in Union Pacific in the first quarter worth about $27,000. Hedge funds and other institutional investors own 80.38% of the company's stock.

Insider Buying and Selling

In other news, EVP Eric J. Gehringer sold 2,991 shares of the company's stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total value of $789,504.36. Following the sale, the executive vice president directly owned 43,012 shares of the company's stock, valued at $11,353,447.52. This represents a 6.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.22% of the company's stock.

Union Pacific Stock Down 0.8%

Union Pacific stock opened at $292.98 on Friday. The business's 50-day simple moving average is $280.13 and its two-hundred day simple moving average is $262.83. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.82 and a current ratio of 0.99. The company has a market cap of $174.05 billion, a PE ratio of 23.72, a PEG ratio of 3.02 and a beta of 0.96. Union Pacific Corporation has a fifty-two week low of $210.84 and a fifty-two week high of $315.99.

Union Pacific (NYSE:UNP - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.26 by $0.15. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The firm had revenue of $6.86 billion during the quarter, compared to analysts' expectations of $6.72 billion. During the same period last year, the business posted $3.03 earnings per share. The company's revenue for the quarter was up 11.5% compared to the same quarter last year. Equities analysts anticipate that Union Pacific Corporation will post 12.9 EPS for the current year.

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 1.9%. 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 presently 44.70%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on UNP. Barclays restated an "overweight" rating and set a $350.00 price target (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. Weiss Ratings raised shares of Union Pacific from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, July 24th. JPMorgan Chase & Co. boosted their target price on shares of Union Pacific from $304.00 to $334.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Citizens Jmp assumed coverage on shares of Union Pacific in a research note on Wednesday, July 15th. They set an "outperform" rating and a $350.00 price target on the stock. Finally, Citigroup upped their price target on shares of Union Pacific from $326.00 to $349.00 and gave the company a "buy" rating in a research note on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $320.89.

Union Pacific Company Profile

Union Pacific Corporation NYSE: UNP is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific's core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.

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