WealthShield Partners LLC Takes Position in Union Pacific Corporation $UNP

WealthShield Partners LLC acquired a new position in shares of Union Pacific Corporation (NYSE:UNP) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 7,544 shares of the railroad operator’s stock, valued at approximately $2,052,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in UNP. Cambient Family Office LLC acquired a new stake in shares of Union Pacific in the 4th quarter worth approximately $1,319,000. First National Bank of Omaha increased its stake in shares of Union Pacific by 35.8% during the fourth quarter. First National Bank of Omaha now owns 54,635 shares of the railroad operator’s stock valued at $12,665,000 after acquiring an additional 14,399 shares during the period. North Dakota State Investment Board acquired a new position in shares of Union Pacific during the fourth quarter valued at approximately $4,746,000. Sage Investment Advisers LLC bought a new stake in Union Pacific during the fourth quarter worth approximately $997,000. Finally, Truist Financial Corp raised its holdings in Union Pacific by 3.1% during the fourth quarter. Truist Financial Corp now owns 1,016,071 shares of the railroad operator’s stock worth $235,038,000 after purchasing an additional 30,079 shares in the last quarter. 80.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on UNP shares. Raymond James Financial restated a “strong-buy” rating on shares of Union Pacific in a research report on Monday, July 13th. Wells Fargo & Company restated an “overweight” rating and issued a $335.00 price objective (up from $315.00) on shares of Union Pacific in a report on Friday, July 24th. TD Cowen reaffirmed a “buy” rating and set a $325.00 target price (up from $282.00) on shares of Union Pacific in a research note on Friday, July 24th. BMO Capital Markets reiterated a “market perform” rating and issued a $320.00 price target (up from $285.00) on shares of Union Pacific in a research report on Friday, July 24th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $339.00 price target (up from $289.00) on shares of Union Pacific in a report on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Union Pacific presently has an average rating of “Moderate Buy” and a consensus price target of $320.89.

Union Pacific Trading Up 1.3%

Union Pacific stock opened at $307.97 on Friday. The firm has a market cap of $182.96 billion, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 3.14 and a beta of 0.96. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.82 and a current ratio of 0.99. The firm’s 50 day moving average price is $286.30 and its two-hundred day moving average price is $267.60. Union Pacific Corporation has a 1 year low of $210.84 and a 1 year high of $315.99.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.26 by $0.15. The business had revenue of $6.86 billion for the quarter, compared to analysts’ expectations of $6.72 billion. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the firm posted $3.03 EPS. On average, research analysts predict that Union Pacific Corporation will post 12.93 EPS 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. Investors 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 represents a $5.68 dividend on an annualized basis and a yield of 1.8%. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s dividend payout ratio (DPR) is 44.70%.

Insiders Place Their Bets

In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the business’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 sale, the executive vice president owned 43,012 shares in the company, valued at approximately $11,353,447.52. The trade was a 6.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.22% of the company’s stock.

Union Pacific Company Profile

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.