128,416 Shares in Union Pacific Corporation $UNP Acquired by NewEdge Wealth LLC

NewEdge Wealth LLC bought a new stake in Union Pacific Corporation (NYSE:UNP) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 128,416 shares of the railroad operator’s stock, valued at approximately $34,929,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Rachor Investment Advisory Services LLC acquired a new position in Union Pacific during the 4th quarter worth approximately $25,000. Tucker Asset Management LLC acquired a new stake in shares of Union Pacific in the 4th quarter valued at $25,000. SWAN Capital LLC lifted its position in shares of 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. High Point Wealth Management LLC purchased a new stake in shares of Union Pacific during the 4th quarter worth $26,000. Finally, Cornerstone Financial Management LLC purchased a new stake in shares of Union Pacific during the 4th quarter worth $27,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on UNP shares. Weiss Ratings upgraded shares of Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 24th. UBS Group restated a “neutral” rating and issued a $310.00 price target (up from $286.00) on shares of Union Pacific in a research note on Friday, July 24th. Benchmark lifted their price target on Union Pacific from $325.00 to $335.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Citigroup upped their price objective on Union Pacific from $326.00 to $349.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Finally, Bank of America increased their price objective on Union Pacific from $301.00 to $334.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Union Pacific currently has a consensus rating of “Moderate Buy” and a consensus price target of $320.89.

Union Pacific Stock Up 1.0%

Shares of NYSE:UNP opened at $301.69 on Thursday. The firm has a 50 day simple moving average of $284.87 and a 200-day simple moving average of $266.83. Union Pacific Corporation has a twelve month low of $210.84 and a twelve month high of $315.99. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $179.23 billion, a PE ratio of 24.43, a P/E/G ratio of 3.05 and a beta of 0.96.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, beating analysts’ consensus estimates of $3.26 by $0.15. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The firm had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.72 billion. During the same period last year, the firm posted $3.03 EPS. The company’s revenue was up 11.5% on a year-over-year basis. On average, equities analysts predict that Union Pacific Corporation will post 12.93 EPS for the current fiscal year.

Union Pacific Increases Dividend

The business also recently disclosed 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. This is a boost from Union Pacific’s previous quarterly dividend of $1.38. This represents a $5.68 annualized dividend and a yield of 1.9%. The ex-dividend date is Monday, August 31st. Union Pacific’s payout ratio is currently 44.70%.

Insider Transactions at Union Pacific

In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total transaction of $789,504.36. Following the transaction, the executive vice president owned 43,012 shares of the company’s stock, valued at approximately $11,353,447.52. This trade represents a 6.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.22% of the stock is owned by corporate insiders.

About Union Pacific

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two?thirds of the United States.