Union Pacific Corporation $UNP Position Increased by Belpointe Asset Management LLC

Key Points

• Belpointe Asset Management LLC increased its stake in Union Pacific Corporation by 41.1%, owning a total of 8,962 shares valued at $2,062,000.
• Union Pacific recently declared a quarterly dividend of $1.38 per share, which is an increase from the previous dividend of $1.34, indicating a positive trajectory in returns for investors.
• The company reported earnings of $3.03 per share for the latest quarter, exceeding analyst expectations and reflecting a year-over-year revenue growth of 2.4%.

Belpointe Asset Management LLC increased its stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 41.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,962 shares of the railroad operator's stock after buying an additional 2,609 shares during the quarter. Belpointe Asset Management LLC's holdings in Union Pacific were worth $2,062,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Highline Wealth Partners LLC grew its position in shares of Union Pacific by 103.5% during the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock worth $27,000 after acquiring an additional 59 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its position in Union Pacific by 1,400.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator's stock valued at $28,000 after purchasing an additional 112 shares during the last quarter. Financial Gravity Asset Management Inc. acquired a new position in Union Pacific during the 1st quarter valued at about $32,000. WPG Advisers LLC bought a new position in Union Pacific in the 1st quarter worth about $33,000. Finally, Cornerstone Planning Group LLC increased its stake in shares of Union Pacific by 50.5% in the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock valued at $37,000 after purchasing an additional 56 shares during the period. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Stock Up 0.2%

Shares of UNP stock opened at $237.33 on Tuesday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. The stock has a market cap of $140.77 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 2.47 and a beta of 1.07. The business's fifty day moving average is $223.83 and its 200-day moving average is $224.46. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84.

Union Pacific (NYSE:UNP - Get Free Report) last announced its earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.19. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The business had revenue of $6.15 billion during the quarter, compared to analysts' expectations of $6.09 billion. During the same quarter last year, the business posted $2.74 earnings per share. The company's quarterly revenue was up 2.4% on a year-over-year basis. Equities analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 29th were issued a dividend of $1.38 per share. The ex-dividend date was Friday, August 29th. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. This represents a $5.52 dividend on an annualized basis and a yield of 2.3%. Union Pacific's payout ratio is 47.96%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on UNP shares. Wells Fargo & Company boosted their price objective on Union Pacific from $250.00 to $260.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Barclays downgraded Union Pacific from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, July 30th. Raymond James Financial reissued a "strong-buy" rating on shares of Union Pacific in a research note on Tuesday, July 15th. Jefferies Financial Group upgraded shares of Union Pacific from a "hold" rating to a "buy" rating and lifted their price objective for the company from $250.00 to $285.00 in a research note on Friday, July 25th. Finally, Argus downgraded shares of Union Pacific from a "buy" rating to a "hold" rating in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have given a Hold rating to the company's stock. According to MarketBeat.com, Union Pacific has a consensus rating of "Moderate Buy" and a consensus target price of $260.54.

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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