Union Pacific Corporation $UNP Shares Bought by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors LLC increased its stake in Union Pacific Corporation by 107.3% in Q2 2023, now holding 12,931 shares valued at approximately $2.975 million.
• Union Pacific's stock received multiple upgrades from analysts, with price targets raised by firms such as Sanford C. Bernstein to $286 and BMO Capital Markets to $277, indicating strong market confidence.
• The company declared a quarterly dividend of $1.38 per share, up from the previous $1.34, representing a 2.5% dividend yield on an annualized basis.

Farther Finance Advisors LLC raised its stake in Union Pacific Corporation (NYSE:UNP - Free Report) by 107.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,931 shares of the railroad operator's stock after acquiring an additional 6,693 shares during the period. Farther Finance Advisors LLC's holdings in Union Pacific were worth $2,975,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Highline Wealth Partners LLC boosted 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 buying an additional 59 shares during the period. CBIZ Investment Advisory Services LLC boosted its position in shares of Union Pacific by 1,400.0% during the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator's stock worth $28,000 after buying an additional 112 shares during the period. Financial Gravity Asset Management Inc. acquired a new position in shares of Union Pacific during the first quarter worth approximately $32,000. WPG Advisers LLC acquired a new position in shares of Union Pacific during the first quarter worth approximately $33,000. Finally, Cornerstone Planning Group LLC boosted its position in shares of 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 buying an additional 56 shares during the period. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UNP has been the subject of a number of research analyst reports. Sanford C. Bernstein upped their target price on Union Pacific from $271.00 to $286.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. BMO Capital Markets upped their target price on Union Pacific from $270.00 to $277.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Loop Capital upgraded Union Pacific from a "sell" rating to a "hold" rating and upped their target price for the stock from $214.00 to $227.00 in a research report on Tuesday, September 16th. Citigroup upgraded Union Pacific from a "neutral" rating to a "buy" rating and upped their target price for the stock from $250.00 to $251.00 in a research report on Monday, September 15th. Finally, Morgan Stanley cut their target price on Union Pacific from $220.00 to $215.00 and set an "equal weight" rating for the company in a research report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, Union Pacific has a consensus rating of "Moderate Buy" and an average target price of $259.38.

Union Pacific Stock Performance

NYSE:UNP opened at $220.86 on Monday. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $130.98 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 2.14 and a beta of 1.03. The firm has a 50-day moving average price of $222.66 and a 200 day moving average price of $224.87.

Union Pacific (NYSE:UNP - Get Free Report) last issued 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 firm had revenue of $6.15 billion for the quarter, compared to analysts' expectations of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The company's quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.74 earnings per share. Research analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.5%. This is an increase from Union Pacific's previous quarterly dividend of $1.34. The ex-dividend date of this dividend is Friday, August 29th. Union Pacific's payout ratio is currently 47.96%.

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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