Axxcess Wealth Management LLC Acquires 1,446 Shares of Union Pacific Corporation (NYSE:UNP)

Axxcess Wealth Management LLC grew its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 7.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,999 shares of the railroad operator's stock after purchasing an additional 1,446 shares during the period. Axxcess Wealth Management LLC's holdings in Union Pacific were worth $4,725,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Highline Wealth Partners LLC lifted its position in Union Pacific by 103.5% during the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock valued at $27,000 after purchasing an additional 59 shares in the last quarter. EnRich Financial Partners LLC bought a new stake in Union Pacific during the fourth quarter worth approximately $31,000. Cornerstone Planning Group LLC increased its stake in Union Pacific by 50.5% during the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock worth $37,000 after acquiring an additional 56 shares during the last quarter. Strategic Investment Solutions Inc. IL increased its stake in Union Pacific by 38.8% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator's stock worth $39,000 after acquiring an additional 45 shares during the last quarter. Finally, MorganRosel Wealth Management LLC bought a new position in shares of Union Pacific during the first quarter valued at approximately $60,000. Institutional investors own 80.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on UNP. Susquehanna raised Union Pacific from a "neutral" rating to a "positive" rating and increased their target price for the company from $245.00 to $260.00 in a research report on Tuesday, June 24th. Stephens cut their price target on Union Pacific from $275.00 to $255.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Baird R W upgraded Union Pacific to a "hold" rating in a research note on Tuesday, July 1st. UBS Group cut their price target on Union Pacific from $255.00 to $245.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Finally, Robert W. Baird started coverage on Union Pacific in a report on Tuesday, July 1st. They issued a "neutral" rating and a $231.00 price objective on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $256.63.

Union Pacific Price Performance

UNP traded up $0.51 during midday trading on Thursday, hitting $237.00. The stock had a trading volume of 2,630,094 shares, compared to its average volume of 2,733,115. The company has a market cap of $141.60 billion, a P/E ratio of 21.35, a price-to-earnings-growth ratio of 2.38 and a beta of 1.05. The business has a fifty day moving average of $225.31 and a 200 day moving average of $231.03. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.61 and a current ratio of 0.73. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $258.07.

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

Union Pacific Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, May 30th were given a $1.34 dividend. The ex-dividend date was Friday, May 30th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.26%. Union Pacific's payout ratio is currently 48.29%.

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.