Elevation Point Wealth Partners LLC Acquires New Stake in Union Pacific Corporation $UNP

Elevation Point Wealth Partners LLC bought a new position in shares of Union Pacific Corporation (NYSE:UNP) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 28,084 shares of the railroad operator’s stock, valued at approximately $7,639,000.

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

Union Pacific Trading Up 1.3%

NYSE:UNP opened at $307.97 on Friday. The stock has a 50-day simple moving average of $286.30 and a 200-day simple moving average of $267.60. The stock has a market cap of $182.96 billion, a P/E ratio of 24.94, a P/E/G ratio of 3.14 and a beta of 0.96. Union Pacific Corporation has a 1 year low of $210.84 and a 1 year high of $315.99. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.82 and a current ratio of 0.99.

Union Pacific (NYSE:UNP) last released its quarterly earnings data 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 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 the consensus estimate of $6.72 billion. During the same quarter in the prior year, the business posted $3.03 EPS. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. As a group, analysts anticipate that Union Pacific Corporation will post 12.93 earnings per share 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. Shareholders of record on Monday, August 31st will be paid a $1.42 dividend. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. This represents a $5.68 annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, August 31st. Union Pacific’s payout ratio is currently 44.70%.

Wall Street Analyst Weigh In

UNP has been the subject of a number of analyst reports. Bank of America boosted their price objective on Union Pacific from $301.00 to $334.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Evercore reaffirmed an “outperform” rating and issued a $294.00 target price on shares of Union Pacific in a report on Thursday, June 25th. TD Cowen reiterated a “buy” rating and issued a $325.00 price target (up from $282.00) on shares of Union Pacific in a research note on Friday, July 24th. Benchmark boosted their price target on shares of Union Pacific from $325.00 to $335.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Finally, Susquehanna increased their price objective on shares of Union Pacific from $305.00 to $333.00 and gave the company a “positive” rating in a research report on Tuesday, July 14th. Two equities research 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 company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $320.89.

Insider Buying and Selling

In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.22% of the stock is owned by corporate insiders.

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.