Union Pacific Corporation $UNP Shares Sold by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC reduced its stake in Union Pacific Corporation by 2.4% during the second quarter, holding 158,373 shares valued at $37.42 million.
• Union Pacific recently increased its quarterly dividend to $1.38 per share, up from $1.34, illustrating a dividend yield of 2.5%.
• The company's earnings per share for the last quarter were reported at $3.03, exceeding estimates and indicating a 2.4% year-over-year revenue growth.

Wealth Enhancement Advisory Services LLC trimmed its holdings in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 2.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 158,373 shares of the railroad operator's stock after selling 3,941 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Union Pacific were worth $37,420,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UNP. Highline Wealth Partners LLC lifted its position in Union Pacific by 103.5% during the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock valued at $27,000 after buying an additional 59 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its stake 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 valued at $28,000 after purchasing an additional 112 shares during the period. Financial Gravity Asset Management Inc. purchased a new stake in shares of Union Pacific during the first quarter valued at approximately $32,000. WPG Advisers LLC purchased a new stake in shares of Union Pacific during the first quarter valued at approximately $33,000. Finally, Cornerstone Planning Group LLC raised its stake 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 valued at $37,000 after purchasing an additional 56 shares during the period. 80.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

UNP has been the topic of a number of analyst reports. Evercore ISI dropped their price objective on shares of Union Pacific from $244.00 to $238.00 and set an "in-line" rating on the stock in a research note on Friday, July 25th. Baird R W upgraded shares of Union Pacific to a "hold" rating in a research note on Tuesday, July 1st. Sanford C. Bernstein lifted their price objective on shares of Union Pacific from $271.00 to $286.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. UBS Group lifted their price target on shares of Union Pacific from $238.00 to $240.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. Finally, Morgan Stanley dropped their price target on shares of 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. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Union Pacific has an average rating of "Moderate Buy" and a consensus target price of $259.38.

Union Pacific Stock Up 0.6%

Shares of NYSE:UNP traded up $1.44 during midday trading on Tuesday, reaching $227.29. The company had a trading volume of 1,067,710 shares, compared to its average volume of 3,541,974. The stock has a market capitalization of $134.79 billion, a P/E ratio of 19.75, a PEG ratio of 2.14 and a beta of 1.03. The stock's fifty day moving average price is $222.51 and its 200-day moving average price is $224.70. 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 Corporation has a one year low of $204.66 and a one year high of $256.84.

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

Union Pacific Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. The ex-dividend date of this dividend is Friday, August 29th. Union Pacific's dividend payout ratio is presently 47.96%.

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.