Vest Financial LLC Purchases 3,556 Shares of Union Pacific Corporation $UNP

Vest Financial LLC grew its position in Union Pacific Corporation (NYSE:UNP) by 36.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,294 shares of the railroad operator’s stock after acquiring an additional 3,556 shares during the quarter. Vest Financial LLC’s holdings in Union Pacific were worth $3,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Scissortail Wealth Management LLC grew its holdings in shares of Union Pacific by 2.7% in the third quarter. Scissortail Wealth Management LLC now owns 21,532 shares of the railroad operator’s stock valued at $5,090,000 after purchasing an additional 572 shares in the last quarter. Boomfish Wealth Group LLC grew its stake in shares of Union Pacific by 4.0% in the 3rd quarter. Boomfish Wealth Group LLC now owns 7,543 shares of the railroad operator’s stock worth $1,783,000 after buying an additional 291 shares in the last quarter. Grey Fox Wealth Advisors LLC bought a new stake in shares of Union Pacific in the 3rd quarter worth about $49,000. First Interstate Bank increased its holdings in shares of Union Pacific by 9.0% in the 3rd quarter. First Interstate Bank now owns 19,635 shares of the railroad operator’s stock worth $4,641,000 after buying an additional 1,625 shares during the last quarter. Finally, McAdam LLC purchased a new stake in shares of Union Pacific during the 3rd quarter valued at about $212,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Trading Up 0.9%

Shares of NYSE UNP opened at $231.44 on Friday. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84. The business has a fifty day moving average price of $231.09 and a 200 day moving average price of $226.98. The stock has a market capitalization of $137.28 billion, a P/E ratio of 19.66, a price-to-earnings-growth ratio of 2.64 and a beta of 0.99. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.75 and a quick ratio of 0.60.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.09. The business had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6.24 billion. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.75 earnings per share. Equities research analysts expect that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Friday, December 5th were given a $1.38 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.4%. Union Pacific’s payout ratio is presently 46.90%.

Analyst Ratings Changes

Several research analysts recently commented on UNP shares. The Goldman Sachs Group set a $263.00 price target on Union Pacific and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. Barclays reiterated an “overweight” rating and issued a $285.00 target price (up previously from $270.00) on shares of Union Pacific in a report on Tuesday, December 16th. TD Cowen reissued a “buy” rating on shares of Union Pacific in a research report on Friday, October 24th. Weiss Ratings restated a “hold (c+)” rating on shares of Union Pacific in a report on Wednesday. Finally, Royal Bank Of Canada set a $280.00 target price on Union Pacific in a research report on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $259.58.

About Union Pacific

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.