Union Pacific Corporation $UNP Shares Acquired by NewEdge Advisors LLC

NewEdge Advisors LLC lifted its holdings in Union Pacific Corporation (NYSE:UNP) by 12.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,077 shares of the railroad operator’s stock after buying an additional 19,279 shares during the quarter. NewEdge Advisors LLC’s holdings in Union Pacific were worth $48,165,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of UNP. Tucker Asset Management LLC purchased a new position in Union Pacific in the fourth quarter worth $25,000. SWAN Capital LLC boosted 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 in the last quarter. Cornerstone Financial Management LLC acquired a new position in shares of Union Pacific during the 4th quarter worth $27,000. Scarborough Advisors LLC acquired a new position in shares of Union Pacific during the 1st quarter worth $27,000. Finally, Merkkuri Wealth Advisors LLC purchased a new position in shares of Union Pacific in the 1st quarter valued at about $29,000. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Price Performance

Union Pacific stock opened at $285.27 on Thursday. Union Pacific Corporation has a 1 year low of $210.84 and a 1 year high of $315.99. The firm has a 50 day moving average price of $294.77 and a 200 day moving average price of $271.51. 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 company has a market cap of $169.47 billion, a price-to-earnings ratio of 23.10, a PEG ratio of 2.87 and a beta of 0.96.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.26 by $0.15. The company had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.72 billion. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.03 earnings per share. Sell-side analysts predict that Union Pacific Corporation will post 13.02 earnings per share for the current year.

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be paid a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 2.0%. This is a boost from Union Pacific’s previous quarterly dividend of $1.38. The ex-dividend date is Monday, August 31st. Union Pacific’s payout ratio is currently 45.99%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on UNP. Barclays reiterated an “overweight” rating and issued a $350.00 price objective (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. Raymond James Financial reiterated a “strong-buy” rating on shares of Union Pacific in a research report on Monday, July 13th. JPMorgan Chase & Co. raised their price objective on shares of Union Pacific from $304.00 to $334.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Evercore restated an “outperform” rating and issued a $294.00 price objective on shares of Union Pacific in a research report on Thursday, June 25th. Finally, Robert W. Baird lifted their price objective on Union Pacific from $311.00 to $344.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $320.89.

Union Pacific 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.