NewEdge Advisors LLC Boosts Stock Position in Union Pacific Corporation $UNP

NewEdge Advisors LLC grew its holdings in Union Pacific Corporation (NYSE:UNP) by 20.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 157,798 shares of the railroad operator’s stock after buying an additional 26,422 shares during the period. NewEdge Advisors LLC’s holdings in Union Pacific were worth $38,285,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in UNP. Rachor Investment Advisory Services LLC bought a new stake in Union Pacific during the fourth quarter worth approximately $25,000. Tucker Asset Management LLC bought a new stake in shares of Union Pacific in the 4th quarter valued at approximately $25,000. SWAN Capital LLC boosted its holdings in shares of Union Pacific by 2,575.0% in 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 period. High Point Wealth Management LLC purchased a new position in shares of Union Pacific in the 4th quarter worth approximately $26,000. Finally, Cornerstone Financial Management LLC bought a new position in shares of Union Pacific during the 4th quarter valued at approximately $27,000. 80.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on UNP shares. Wells Fargo & Company restated an “overweight” rating and set a $335.00 price target (up from $315.00) on shares of Union Pacific in a report on Friday, July 24th. UBS Group reiterated a “neutral” rating and set a $310.00 price objective (up from $286.00) on shares of Union Pacific in a research report on Friday, July 24th. Citizens Jmp began coverage on shares of Union Pacific in a report on Wednesday, July 15th. They issued an “outperform” rating and a $350.00 target price for the company. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a research note on Monday, July 13th. Finally, Benchmark upped their price target on shares of Union Pacific from $325.00 to $335.00 and gave the company a “buy” rating in a report on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $320.89.

Insider Buying and Selling

In related news, EVP Eric J. Gehringer sold 2,991 shares of Union Pacific stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total transaction of $789,504.36. Following the completion of the sale, the executive vice president owned 43,012 shares in the company, valued at $11,353,447.52. This trade represents a 6.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.22% of the stock is owned by corporate insiders.

Union Pacific Price Performance

UNP opened at $295.41 on Friday. The business has a fifty day moving average of $279.53 and a 200 day moving average of $262.62. The stock has a market cap of $175.50 billion, a P/E ratio of 23.92, a PEG ratio of 3.03 and a beta of 0.96. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. Union Pacific Corporation has a 52-week low of $210.84 and a 52-week high of $315.99.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $6.72 billion. During the same quarter last year, the firm posted $3.03 earnings per share. The business’s revenue was up 11.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Union Pacific Corporation will post 12.9 EPS for the current 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 annualized dividend and a yield of 1.9%. This is a boost from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s payout ratio is 44.70%.

Union Pacific 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.