Waverly Advisors LLC Has $26.54 Million Stock Holdings in Union Pacific Corporation $UNP

Key Points

• Waverly Advisors reduced its Union Pacific stake by 9.7% in the second quarter, selling 10,486 shares and retaining 97,573 shares valued at approximately $26.54 million. Institutional investors collectively own 80.38% of the company.
• Union Pacific reported quarterly EPS of $3.41, exceeding estimates of $3.26, while revenue rose 11.5% year over year to $6.86 billion. The stock was recently trading at $288.68, down 0.3%.
• The company increased its quarterly dividend to $1.42 per share, equivalent to an annualized dividend of $5.68 and a 2.0% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $320.89.

Waverly Advisors LLC trimmed its position in Union Pacific Corporation (NYSE:UNP - Free Report) by 9.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 97,573 shares of the railroad operator's stock after selling 10,486 shares during the period. Waverly Advisors LLC's holdings in Union Pacific were worth $26,540,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Tucker Asset Management LLC bought a new position in Union Pacific in the fourth quarter valued at about $25,000. SWAN Capital LLC raised its holdings in Union Pacific by 2,575.0% during the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator's stock worth $25,000 after purchasing an additional 103 shares during the last quarter. Cornerstone Financial Management LLC acquired a new position in Union Pacific during the 4th quarter valued at about $27,000. Scarborough Advisors LLC acquired a new position in Union Pacific during the 1st quarter valued at about $27,000. Finally, Merkkuri Wealth Advisors LLC bought a new position in shares of Union Pacific in the 1st quarter valued at about $29,000. Institutional investors own 80.38% of the company's stock.

Union Pacific Trading Down 0.3%

NYSE UNP opened at $288.68 on Wednesday. Union Pacific Corporation has a one year low of $210.84 and a one year high of $315.99. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.82. The firm has a market cap of $171.50 billion, a P/E ratio of 23.37, a P/E/G ratio of 2.88 and a beta of 0.96. The stock's 50-day moving average is $294.62 and its 200-day moving average is $271.35.

Union Pacific (NYSE:UNP - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.26 by $0.15. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The business had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.72 billion. During the same period in the previous year, the firm earned $3.03 EPS. Union Pacific's quarterly revenue was up 11.5% compared to the same quarter last year. Sell-side analysts anticipate that Union Pacific Corporation will post 13.02 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 Wednesday, September 30th. Shareholders of record on Monday, August 31st will be paid a $1.42 dividend. The ex-dividend date of this dividend is Monday, August 31st. This is an increase from Union Pacific's previous quarterly dividend of $1.38. This represents a $5.68 dividend on an annualized basis and a yield of 2.0%. Union Pacific's payout ratio is presently 45.99%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. UBS Group reissued a "neutral" rating and set a $310.00 price target (up from $286.00) on shares of Union Pacific in a research note on Friday, July 24th. Stephens raised shares of Union Pacific to a "strong-buy" rating in a research note on Wednesday, July 8th. The Goldman Sachs Group set a $317.00 target price on shares of Union Pacific and gave the company a "neutral" rating in a research report on Thursday, July 23rd. Citigroup increased their price target on Union Pacific from $326.00 to $349.00 and gave the company a "buy" rating in a research note on Friday, July 24th. Finally, Erste Group Bank started coverage on Union Pacific in a research note on Thursday, August 27th. They set a "buy" rating for the company. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Union Pacific has a consensus rating of "Moderate Buy" and an average target price of $320.89.

Union Pacific Company Profile

Union Pacific Corporation is a transportation company that operates Union Pacific Railroad, one of the largest freight railroad networks in the United States. The company provides rail transportation and logistics services for a broad range of commodities, including agricultural products, automotive goods, chemicals, coal, industrial products, and intermodal shipments.

Union Pacific's railroad network serves the western two-thirds of the United States, connecting major markets and ports across approximately 23 states.

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