Waverly Advisors LLC Sells 10,486 Shares of Union Pacific Corporation $UNP

Waverly Advisors LLC decreased its position in Union Pacific Corporation (NYSE:UNP) by 9.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 97,573 shares of the railroad operator’s stock after selling 10,486 shares during the period. Waverly Advisors LLC’s holdings in Union Pacific were worth $26,540,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Tucker Asset Management LLC bought a new position in shares of Union Pacific during the fourth quarter worth about $25,000. SWAN Capital LLC raised its position in Union Pacific by 2,575.0% in the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock valued at $25,000 after buying an additional 103 shares during the last quarter. Cornerstone Financial Management LLC bought a new stake in Union Pacific in the 4th quarter valued at approximately $27,000. Scarborough Advisors LLC bought a new stake in Union Pacific in the 1st quarter valued at approximately $27,000. Finally, Merkkuri Wealth Advisors LLC acquired a new position in Union Pacific during the 1st quarter worth approximately $29,000. 80.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on UNP. Barclays reaffirmed an “overweight” rating and set a $350.00 price target (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. UBS Group reissued a “neutral” rating and issued a $310.00 price objective (up from $286.00) on shares of Union Pacific in a research report on Friday, July 24th. The Goldman Sachs Group set a $317.00 target price on shares of Union Pacific and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Bank of America lifted their price target on shares of Union Pacific from $301.00 to $334.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Union Pacific from $304.00 to $334.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $320.89.

Union Pacific Stock Performance

Shares of UNP opened at $288.68 on Wednesday. The firm has a 50-day moving average of $294.62 and a 200-day moving average of $271.35. Union Pacific Corporation has a one year low of $210.84 and a one year high of $315.99. The company has a market cap of $171.50 billion, a PE ratio of 23.37, a price-to-earnings-growth ratio of 2.88 and a beta of 0.96. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.82.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, topping the consensus estimate of $3.26 by $0.15. The company had revenue of $6.86 billion for 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%. Union Pacific’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business earned $3.03 EPS. As a group, equities analysts forecast that Union Pacific Corporation will post 13.02 earnings per share for the current year.

Union Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 2.0%. This is a boost from Union Pacific’s previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Monday, August 31st. Union Pacific’s dividend payout ratio (DPR) is presently 45.99%.

Union Pacific Company 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.