Turtle Creek Wealth Advisors LLC Makes New $3.37 Million Investment in Union Pacific Corporation (NYSE:UNP)

Turtle Creek Wealth Advisors LLC purchased a new position in Union Pacific Corporation (NYSE:UNP - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,281 shares of the railroad operator's stock, valued at approximately $3,374,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fiduciary Trust Co increased its position in Union Pacific by 2.8% in the fourth quarter. Fiduciary Trust Co now owns 102,213 shares of the railroad operator's stock worth $23,309,000 after buying an additional 2,807 shares in the last quarter. Sherbrooke Park Advisers LLC purchased a new stake in Union Pacific in the fourth quarter worth about $781,000. Meadow Creek Wealth Advisors LLC grew its position in shares of Union Pacific by 10.9% during the first quarter. Meadow Creek Wealth Advisors LLC now owns 3,666 shares of the railroad operator's stock worth $866,000 after purchasing an additional 359 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Union Pacific by 16.8% during the first quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator's stock worth $2,491,000 after purchasing an additional 1,520 shares in the last quarter. Finally, Truist Financial Corp grew its position in shares of Union Pacific by 2.7% during the first quarter. Truist Financial Corp now owns 968,061 shares of the railroad operator's stock worth $228,695,000 after purchasing an additional 25,900 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company's stock.

Union Pacific Price Performance

NYSE:UNP opened at $235.01 on Monday. The firm has a market capitalization of $140.41 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 2.36 and a beta of 1.05. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $258.07. The business has a 50 day simple moving average of $226.11 and a 200-day simple moving average of $231.15. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.73 and a quick ratio of 0.61.

Union Pacific (NYSE:UNP - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The railroad operator reported $2.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.73 by ($0.03). Union Pacific had a return on equity of 40.80% and a net margin of 27.76%. The business had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.11 billion. During the same period in the prior year, the business posted $2.69 earnings per share. Union Pacific's revenue was down .1% on a year-over-year basis. Equities analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, May 30th were paid a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date was Friday, May 30th. Union Pacific's dividend payout ratio is currently 48.29%.

Analyst Ratings Changes

Several analysts recently issued reports on UNP shares. Sanford C. Bernstein reiterated an "outperform" rating and set a $271.00 target price (up previously from $267.00) on shares of Union Pacific in a research report on Tuesday, July 8th. Redburn Atlantic upgraded Union Pacific from a "neutral" rating to a "buy" rating and set a $259.00 target price for the company in a research report on Wednesday, April 16th. Jefferies Financial Group cut their target price on Union Pacific from $255.00 to $230.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. The Goldman Sachs Group reiterated a "neutral" rating and set a $263.00 target price on shares of Union Pacific in a research report on Monday, June 2nd. Finally, Raymond James Financial reiterated a "strong-buy" rating on shares of Union Pacific in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $256.63.

Union Pacific 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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