Union Pacific Corporation (NYSE:UNP) Shares Purchased by OneAscent Financial Services LLC

OneAscent Financial Services LLC raised its stake in Union Pacific Corporation (NYSE:UNP - Free Report) by 106.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,760 shares of the railroad operator's stock after buying an additional 1,936 shares during the period. OneAscent Financial Services LLC's holdings in Union Pacific were worth $890,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Highline Wealth Partners LLC grew its position in Union Pacific by 103.5% during the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock worth $27,000 after purchasing an additional 59 shares in the last quarter. EnRich Financial Partners LLC purchased a new position in Union Pacific during the 4th quarter worth approximately $31,000. Financial Gravity Asset Management Inc. purchased a new position in Union Pacific during the 1st quarter worth approximately $32,000. Cornerstone Planning Group LLC grew its position in Union Pacific by 50.5% during 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. Finally, Strategic Investment Solutions Inc. IL grew its position in Union Pacific by 38.8% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator's stock worth $39,000 after purchasing an additional 45 shares in the last quarter. Institutional investors own 80.38% of the company's stock.

Union Pacific Stock Down 1.1%

UNP stock opened at $224.90 on Monday. The company has a current ratio of 0.73, a quick ratio of 0.61 and a debt-to-equity ratio of 1.91. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $258.07. The company has a fifty day simple moving average of $227.52 and a 200 day simple moving average of $231.19. The firm has a market cap of $134.37 billion, a PE ratio of 20.26, a PEG ratio of 2.25 and a beta of 1.05.

Union Pacific (NYSE:UNP - Get Free Report) last released 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 net margin of 27.76% and a return on equity of 40.80%. The firm had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.11 billion. During the same quarter last year, the company earned $2.69 earnings per share. The firm's revenue was down .1% on a year-over-year basis. Sell-side analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.45%. This is a boost from Union Pacific's previous quarterly dividend of $1.34. The ex-dividend date is Friday, August 29th. Union Pacific's dividend payout ratio is 48.29%.

Analysts Set New Price Targets

Several research firms have weighed in on UNP. Jefferies Financial Group lowered their price objective on shares of Union Pacific from $255.00 to $230.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Barclays boosted their price target on shares of Union Pacific from $260.00 to $270.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Raymond James Financial restated a "strong-buy" rating on shares of Union Pacific in a report on Tuesday, July 15th. Stifel Nicolaus lowered their price target on shares of Union Pacific from $270.00 to $248.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Baird R W upgraded shares of Union Pacific to a "hold" rating in a report on Tuesday, July 1st. One analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $257.13.

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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