True Link Financial Advisors LLC Makes New Investment in Union Pacific Corporation $UNP

Key Points

• True Link Financial Advisors LLC has purchased a new position in Union Pacific Corporation (NYSE: UNP), buying 1,161 shares valued at approximately $267,000.
• Union Pacific recently reported quarterly earnings of $3.03 per share, exceeding estimates, with a revenue of $6.15 billion for the quarter, reflecting a 2.4% increase year-over-year.
• The company's dividend has increased to $1.38 per share from $1.34, resulting in an annualized dividend yield of 2.4% and a payout ratio of 47.96%.

True Link Financial Advisors LLC bought a new position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,161 shares of the railroad operator's stock, valued at approximately $267,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UNP. Nuveen LLC acquired a new position in shares of Union Pacific during the first quarter worth $988,822,000. Goldman Sachs Group Inc. lifted its holdings in shares of Union Pacific by 29.8% during the first quarter. Goldman Sachs Group Inc. now owns 3,699,109 shares of the railroad operator's stock worth $873,878,000 after purchasing an additional 850,025 shares during the period. Auto Owners Insurance Co lifted its holdings in shares of Union Pacific by 61,054.6% during the first quarter. Auto Owners Insurance Co now owns 625,000 shares of the railroad operator's stock worth $147,650,000 after purchasing an additional 623,978 shares during the period. Menora Mivtachim Holdings LTD. acquired a new position in shares of Union Pacific during the first quarter worth $115,096,000. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Union Pacific by 10.8% during the first quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator's stock worth $1,092,893,000 after purchasing an additional 452,788 shares during the period. Institutional investors own 80.38% of the company's stock.

Union Pacific Price Performance

Shares of NYSE UNP opened at $232.72 on Thursday. The firm's 50-day moving average price is $224.14 and its 200-day moving average price is $224.57. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84. The firm has a market capitalization of $138.03 billion, a P/E ratio of 20.22, a P/E/G ratio of 2.41 and a beta of 1.07. 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 announced its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, beating 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 quarter in the prior year, the business earned $2.74 earnings per share. The business's quarterly revenue was up 2.4% compared to the same quarter last year. Equities research analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were given a dividend of $1.38 per share. The ex-dividend date of this dividend was Friday, August 29th. This is a boost from Union Pacific's previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. Union Pacific's payout ratio is presently 47.96%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Weiss Ratings reiterated a "hold (c+)" rating on shares of Union Pacific in a report on Wednesday. Sanford C. Bernstein lifted their price target on shares of Union Pacific from $271.00 to $286.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Royal Bank Of Canada lifted their price target on shares of Union Pacific from $257.00 to $276.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Argus lowered shares of Union Pacific from a "buy" rating to a "hold" rating in a report on Tuesday, August 12th. Finally, BMO Capital Markets lifted their price target on shares of Union Pacific from $270.00 to $277.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $261.08.

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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