NewEdge Advisors LLC Buys 26,422 Shares of Union Pacific Corporation $UNP

NewEdge Advisors LLC lifted its stake in shares of Union Pacific Corporation (NYSE:UNP) by 20.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 157,798 shares of the railroad operator’s stock after acquiring 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 SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Tucker Asset Management LLC bought a new position in shares of Union Pacific during the fourth quarter valued at about $25,000. SWAN Capital LLC grew its position in Union Pacific by 2,575.0% during the 4th 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. Rachor Investment Advisory Services LLC bought a new position in Union Pacific during the 4th quarter worth approximately $25,000. High Point Wealth Management LLC purchased a new position in Union Pacific in the 4th quarter worth approximately $26,000. Finally, Scarborough Advisors LLC purchased a new position in Union Pacific in the 1st quarter worth approximately $27,000. Institutional investors own 80.38% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Benchmark raised their target price 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. Robert W. Baird increased their price target on shares of Union Pacific from $311.00 to $344.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Stephens upgraded shares of Union Pacific to a “strong-buy” rating in a research report on Wednesday, July 8th. Citigroup upped their price objective on shares of Union Pacific from $326.00 to $349.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Finally, Barclays reiterated an “overweight” rating and set a $350.00 target price (up from $315.00) on shares of Union Pacific in a report on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $320.89.

Insiders Place Their Bets

In other news, EVP Eric J. Gehringer sold 2,991 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 43,012 shares in the company, valued at $11,353,447.52. This represents a 6.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.22% of the company’s stock.

Union Pacific Stock Down 0.0%

UNP stock opened at $295.41 on Friday. Union Pacific Corporation has a twelve month low of $210.84 and a twelve month high of $315.99. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. The firm has a market cap of $175.50 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 3.03 and a beta of 0.96. The business has a 50 day moving average of $279.53 and a 200 day moving average of $262.62.

Union Pacific (NYSE:UNP) last announced 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 net margin of 28.85% and a return on equity of 38.46%. The company had revenue of $6.86 billion for the quarter, compared to analysts’ expectations of $6.72 billion. During the same quarter in the previous year, the business posted $3.03 EPS. Union Pacific’s revenue was up 11.5% compared to the same quarter last year. On average, research analysts forecast that Union Pacific Corporation will post 12.9 EPS for the current fiscal year.

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be issued a $1.42 dividend. This is a positive change from Union Pacific’s previous quarterly dividend of $1.38. This represents a $5.68 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, August 31st. Union Pacific’s dividend payout ratio is currently 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.