Union Pacific Corporation (NYSE:UNP) Stock Position Lifted by Heritage Wealth Advisors

Key Points

• Heritage Wealth Advisors increased its stake in Union Pacific Corporation by 2.6%, owning a total of 153,782 shares valued at approximately $36.3 million, making it the firm's 22nd largest position.
• Union Pacific reported $3.03 earnings per share, surpassing estimates, with a net margin of 28.43% and a year-over-year revenue increase of 2.4%.
• The company declared a quarterly dividend of $1.38 per share, up from $1.34, reflecting a 2.5% yield and a payout ratio of 46.57%.

Heritage Wealth Advisors raised its stake in Union Pacific Corporation (NYSE:UNP - Free Report) by 2.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 153,782 shares of the railroad operator's stock after buying an additional 3,946 shares during the quarter. Union Pacific accounts for about 1.8% of Heritage Wealth Advisors' holdings, making the stock its 22nd biggest position. Heritage Wealth Advisors' holdings in Union Pacific were worth $36,329,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Allred Capital Management LLC raised its holdings in shares of Union Pacific by 0.5% during the fourth quarter. Allred Capital Management LLC now owns 8,349 shares of the railroad operator's stock worth $1,904,000 after acquiring an additional 40 shares in the last quarter. Strategic Investment Solutions Inc. IL grew its stake in Union Pacific by 38.8% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator's stock valued at $39,000 after purchasing an additional 45 shares in the last quarter. Foster Dykema Cabot & Partners LLC increased its position in Union Pacific by 1.6% in the 4th quarter. Foster Dykema Cabot & Partners LLC now owns 2,922 shares of the railroad operator's stock worth $666,000 after purchasing an additional 47 shares during the last quarter. First Financial Bank Trust Division increased its position in Union Pacific by 1.7% in the 1st quarter. First Financial Bank Trust Division now owns 2,803 shares of the railroad operator's stock worth $662,000 after purchasing an additional 47 shares during the last quarter. Finally, Stiles Financial Services Inc raised its stake in shares of Union Pacific by 1.6% during the 1st quarter. Stiles Financial Services Inc now owns 2,963 shares of the railroad operator's stock worth $700,000 after purchasing an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company's stock.

Union Pacific Trading Down 1.4%

Shares of UNP stock opened at $222.16 on Friday. The firm has a market capitalization of $131.75 billion, a P/E ratio of 19.30, a price-to-earnings-growth ratio of 2.30 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 firm's fifty day simple moving average is $227.09 and its 200 day simple moving average is $230.93. 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 posted its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.19. The company had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The business's quarterly revenue was up 2.4% on a year-over-year basis. During the same period last year, the business posted $2.74 EPS. As a group, sell-side analysts predict that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be paid a dividend of $1.38 per share. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, August 29th. Union Pacific's dividend payout ratio is presently 46.57%.

Analysts Set New Price Targets

UNP has been the subject of several recent research reports. Morgan Stanley lowered their price target on Union Pacific from $220.00 to $215.00 and set an "equal weight" rating for the company in a research note on Monday, July 7th. Stifel Nicolaus reduced their target price on shares of Union Pacific from $270.00 to $248.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Robert W. Baird assumed coverage on shares of Union Pacific in a research report on Tuesday, July 1st. They issued a "neutral" rating and a $231.00 target price for the company. Argus upgraded shares of Union Pacific to a "strong-buy" rating in a report on Friday, May 16th. Finally, Wells Fargo & Company upped their price objective on shares of Union Pacific from $250.00 to $260.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus 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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