Thurston Springer Miller Herd & Titak Inc. Raises Stake in Union Pacific Corporation $UNP

Key Points

• Thurston Springer Miller Herd & Titak Inc. increased its stake in Union Pacific Corporation by 41.1%, now holding 12,236 shares worth $2,815,000.
• Union Pacific announced a quarterly dividend increase to $1.38 per share, reflecting a 2.6% yield on an annualized basis, up from the previous dividend of $1.34.
• Analysts have set a new price objective for Union Pacific, with recommendations ranging from "hold" to "strong buy", and an average target price of $258.21.

Thurston Springer Miller Herd & Titak Inc. boosted its position in Union Pacific Corporation (NYSE:UNP - Free Report) by 41.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,236 shares of the railroad operator's stock after buying an additional 3,564 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Union Pacific were worth $2,815,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Highline Wealth Partners LLC boosted its position in Union Pacific by 103.5% in the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock valued at $27,000 after buying an additional 59 shares during the last quarter. CBIZ Investment Advisory Services LLC boosted its position in Union Pacific by 1,400.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator's stock valued at $28,000 after buying an additional 112 shares during the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in Union Pacific in the first quarter valued at approximately $32,000. WPG Advisers LLC purchased a new stake in Union Pacific in the 1st quarter worth approximately $33,000. Finally, Cornerstone Planning Group LLC boosted its position in Union Pacific by 50.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock worth $37,000 after purchasing an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company's stock.

Union Pacific Stock Down 0.6%

NYSE UNP opened at $214.73 on Friday. The business has a fifty day moving average price of $224.46 and a 200 day moving average price of $225.92. Union Pacific Corporation has a one year low of $204.66 and a one year high of $256.84. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. The company has a market cap of $127.34 billion, a P/E ratio of 18.66, a P/E/G ratio of 2.10 and a beta of 1.03.

Union Pacific (NYSE:UNP - Get Free Report) last posted 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. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The firm had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.09 billion. During the same period in the prior year, the company earned $2.74 EPS. The firm's revenue was up 2.4% compared to the same quarter last year. Research analysts anticipate that Union Pacific Corporation will post 11.99 EPS 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 paid a $1.38 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $5.52 annualized dividend and a yield of 2.6%. This is an increase from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's dividend payout ratio is currently 47.96%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Baird R W upgraded Union Pacific to a "hold" rating in a research report on Tuesday, July 1st. Royal Bank Of Canada upped their price objective on Union Pacific from $257.00 to $276.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Robert W. Baird assumed coverage on Union Pacific in a research report on Tuesday, July 1st. They issued a "neutral" rating and a $231.00 price objective on the stock. Wells Fargo & Company upped their price objective on Union Pacific from $250.00 to $260.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Finally, Raymond James Financial restated a "strong-buy" rating on shares of Union Pacific in a research report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $258.21.

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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