Proficio Capital Partners LLC Purchases New Holdings in Union Pacific Corporation $UNP

Proficio Capital Partners LLC bought a new position in shares of Union Pacific Corporation (NYSE:UNP) during the 2nd quarter, HoldingsChannel reports. The fund bought 2,633 shares of the railroad operator’s stock, valued at approximately $716,000.

Other hedge funds have also recently bought and sold shares of the company. Rachor Investment Advisory Services LLC acquired a new position in Union Pacific during the fourth quarter valued at approximately $25,000. Tucker Asset Management LLC acquired a new position in Union Pacific during the fourth quarter worth about $25,000. SWAN Capital LLC lifted its holdings in shares of Union Pacific by 2,575.0% in the fourth quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock worth $25,000 after acquiring an additional 103 shares during the last quarter. Cornerstone Financial Management LLC acquired a new stake in shares of Union Pacific in the 4th quarter valued at approximately $27,000. Finally, Scarborough Advisors LLC bought a new stake in shares of Union Pacific during the 1st quarter valued at approximately $27,000. 80.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Citigroup raised their target price on shares of Union Pacific from $326.00 to $349.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Evercore reissued an “outperform” rating and set a $294.00 price objective on shares of Union Pacific in a report on Thursday, June 25th. UBS Group restated 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. JPMorgan Chase & Co. upped their target price on Union Pacific from $304.00 to $334.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Finally, Weiss Ratings upgraded Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $320.89.

Union Pacific Stock Performance

UNP stock opened at $311.21 on Thursday. The firm has a market cap of $184.88 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 3.16 and a beta of 0.96. The stock has a 50-day moving average price of $289.07 and a 200-day moving average price of $269.15. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40. Union Pacific Corporation has a 1-year low of $210.84 and a 1-year high of $315.99.

Union Pacific (NYSE:UNP) last posted its quarterly 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. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The firm had revenue of $6.86 billion for the quarter, compared to analysts’ expectations of $6.72 billion. During the same period in the prior year, the business earned $3.03 EPS. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, equities research analysts expect that Union Pacific Corporation will post 12.93 earnings per share for the current year.

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be issued a dividend of $1.42 per share. This is a positive change from Union Pacific’s previous quarterly dividend of $1.38. This represents a $5.68 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Monday, August 31st. Union Pacific’s dividend payout ratio is presently 44.70%.

Insider Buying and Selling at Union Pacific

In related news, EVP Eric J. Gehringer sold 2,991 shares of Union Pacific stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total value of $789,504.36. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.22% of the stock is owned by 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.