Wealthfront Advisers LLC Acquires 6,114 Shares of Union Pacific Corporation $UNP

Wealthfront Advisers LLC increased its holdings in Union Pacific Corporation (NYSE:UNPFree Report) by 10.9% in the first quarter, HoldingsChannel.com reports. The fund owned 62,306 shares of the railroad operator’s stock after acquiring an additional 6,114 shares during the period. Wealthfront Advisers LLC’s holdings in Union Pacific were worth $15,117,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Beaumont Financial Advisors LLC increased its position in Union Pacific by 9.0% during the 1st quarter. Beaumont Financial Advisors LLC now owns 3,699 shares of the railroad operator’s stock valued at $898,000 after purchasing an additional 305 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Union Pacific in the 1st quarter worth about $146,000. Ethos Financial Group LLC lifted its position in shares of Union Pacific by 26.5% in the 1st quarter. Ethos Financial Group LLC now owns 1,459 shares of the railroad operator’s stock worth $353,000 after purchasing an additional 306 shares during the period. SouthState Bank Corp boosted its stake in shares of Union Pacific by 0.8% during the 1st quarter. SouthState Bank Corp now owns 53,775 shares of the railroad operator’s stock valued at $13,047,000 after purchasing an additional 435 shares in the last quarter. Finally, Advisors Preferred LLC boosted its stake in shares of Union Pacific by 74.3% during the 1st quarter. Advisors Preferred LLC now owns 2,086 shares of the railroad operator’s stock valued at $506,000 after purchasing an additional 889 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

Union Pacific News Summary

Here are the key news stories impacting Union Pacific this week:

Union Pacific Trading Up 3.7%

Shares of NYSE UNP opened at $299.11 on Friday. Union Pacific Corporation has a 1 year low of $210.84 and a 1 year high of $300.06. The stock has a market cap of $177.59 billion, a P/E ratio of 24.64, a price-to-earnings-growth ratio of 3.02 and a beta of 0.96. The firm has a 50-day moving average of $271.19 and a 200 day moving average of $255.68. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.92 and a quick ratio of 0.73.

Union Pacific (NYSE:UNPGet Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.93 EPS for the quarter, topping the consensus estimate of $2.86 by $0.07. The business had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.12 billion. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. Union Pacific’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.70 earnings per share. As a group, sell-side analysts expect that Union Pacific Corporation will post 12.62 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 29th were paid a $1.38 dividend. The ex-dividend date was Friday, May 29th. This represents a $5.52 annualized dividend and a dividend yield of 1.8%. Union Pacific’s dividend payout ratio is presently 45.47%.

Analyst Ratings Changes

Several brokerages recently issued reports on UNP. Sanford C. Bernstein boosted their price target on shares of Union Pacific from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Tuesday, March 31st. Raymond James Financial reiterated a “strong-buy” rating on shares of Union Pacific in a report on Monday. TD Cowen increased their target price on Union Pacific from $256.00 to $282.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Susquehanna raised their target price on Union Pacific from $305.00 to $333.00 and gave the company a “positive” rating in a research note on Tuesday. Finally, BMO Capital Markets restated a “market perform” rating and set a $285.00 price target (up from $278.00) on shares of Union Pacific in a research report on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $299.11.

Get Our Latest Analysis on Union Pacific

Insider Buying and Selling

In related news, EVP Kenyatta G. Rocker sold 27,387 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $271.76, for a total transaction of $7,442,691.12. Following the completion of the transaction, the executive vice president owned 61,102 shares of the company’s stock, valued at $16,605,079.52. This trade represents a 30.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jennifer L. Hamann sold 2,000 shares of Union Pacific stock in a transaction on Friday, April 24th. The shares were sold at an average price of $274.70, for a total value of $549,400.00. Following the transaction, the chief financial officer owned 114,642 shares of the company’s stock, valued at $31,492,157.40. The trade was a 1.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 32,378 shares of company stock worth $8,781,595 in the last 90 days. Insiders own 0.22% of the company’s stock.

Union Pacific Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding UNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Pacific Corporation (NYSE:UNPFree Report).

Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

Receive News & Ratings for Union Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Union Pacific and related companies with MarketBeat.com's FREE daily email newsletter.