Union Pacific Corporation (NYSE:UNP) Stock Position Raised by Wealthspire Advisors LLC

Key Points

• Wealthspire Advisors LLC has increased its stake in Union Pacific Corporation by 101.6%, owning approximately 28,392 shares worth $6.7 million at the end of the last quarter.
• Union Pacific Corporation reported $3.03 EPS for the last quarter, exceeding analyst expectations of $2.84, and achieved a revenue of $6.15 billion.
• The company has raised its quarterly dividend from $1.34 to $1.38, resulting in an annualized payout of $5.52 and a dividend yield of 2.5%.

Wealthspire Advisors LLC lifted its stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 101.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,392 shares of the railroad operator's stock after purchasing an additional 14,309 shares during the period. Wealthspire Advisors LLC's holdings in Union Pacific were worth $6,708,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Twin Capital Management Inc. lifted its stake in Union Pacific by 35.6% during the fourth quarter. Twin Capital Management Inc. now owns 4,537 shares of the railroad operator's stock valued at $1,035,000 after buying an additional 1,190 shares in the last quarter. Bank of Nova Scotia lifted its position in shares of Union Pacific by 387.7% in the 4th quarter. Bank of Nova Scotia now owns 422,485 shares of the railroad operator's stock valued at $96,343,000 after acquiring an additional 335,855 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Union Pacific by 112.1% in the 4th quarter. Renaissance Technologies LLC now owns 61,500 shares of the railroad operator's stock worth $14,024,000 after purchasing an additional 32,500 shares during the period. APG Asset Management N.V. grew its position in Union Pacific by 645.2% during the 4th quarter. APG Asset Management N.V. now owns 335,600 shares of the railroad operator's stock worth $73,907,000 after purchasing an additional 290,568 shares in the last quarter. Finally, Faithward Advisors LLC raised its stake in Union Pacific by 27.1% during the 4th quarter. Faithward Advisors LLC now owns 1,883 shares of the railroad operator's stock valued at $429,000 after purchasing an additional 402 shares during the period. 80.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. Stifel Nicolaus decreased their target price on Union Pacific from $270.00 to $248.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Citigroup lowered Union Pacific from a "strong-buy" rating to a "hold" rating and decreased their price objective for the stock from $270.00 to $250.00 in a research report on Wednesday, July 30th. UBS Group upped their target price on Union Pacific from $238.00 to $240.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Baird R W upgraded shares of Union Pacific to a "hold" rating in a report on Tuesday, July 1st. Finally, BMO Capital Markets upped their price objective on shares of Union Pacific from $270.00 to $277.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $258.21.

Union Pacific Stock Up 0.4%

UNP stock opened at $223.01 on Wednesday. The stock has a market capitalization of $132.25 billion, a price-to-earnings ratio of 19.38, a price-to-earnings-growth ratio of 2.16 and a beta of 1.05. The company has a 50-day moving average of $227.01 and a two-hundred day moving average of $230.70. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $258.07. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.19. The business had revenue of $6.15 billion during the quarter, compared to analysts' expectations of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%. The firm's revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.74 EPS. As a group, equities research analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

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

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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