Bigelow Investment Advisors LLC Purchases New Shares in Union Pacific Corporation $UNP

Bigelow Investment Advisors LLC purchased a new stake in Union Pacific Corporation (NYSE:UNP) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 871 shares of the railroad operator’s stock, valued at approximately $200,000.

Several other institutional investors and hedge funds have also modified their holdings of UNP. Highline Wealth Partners LLC increased its position in shares of Union Pacific by 103.5% in the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator’s stock worth $27,000 after purchasing an additional 59 shares during the period. CBIZ Investment Advisory Services LLC grew its position in Union Pacific by 1,400.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock valued at $28,000 after acquiring an additional 112 shares during the last quarter. Financial Gravity Asset Management Inc. bought a new position in Union Pacific in the first quarter valued at about $32,000. WPG Advisers LLC bought a new position in Union Pacific in the first quarter valued at about $33,000. Finally, Cornerstone Planning Group LLC grew its position in Union Pacific by 50.5% in the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock valued at $37,000 after acquiring an additional 56 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Stock Performance

Shares of UNP opened at $217.19 on Thursday. The stock’s 50-day simple moving average is $223.27 and its 200 day simple moving average is $225.45. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $256.84. The stock has a market capitalization of $128.80 billion, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 2.10 and a beta of 1.03. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.19. The firm had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.74 EPS. Research analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be given a dividend of $1.38 per share. This is a boost from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Friday, August 29th. Union Pacific’s dividend payout ratio is presently 47.96%.

Analysts Set New Price Targets

UNP has been the topic of a number of recent analyst reports. The Goldman Sachs Group reiterated a “neutral” rating and issued a $263.00 target price on shares of Union Pacific in a research report on Monday, June 2nd. Raymond James Financial reissued a “strong-buy” rating on shares of Union Pacific in a research note on Tuesday, July 15th. Argus lowered Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, August 12th. BMO Capital Markets lifted their price target on Union Pacific from $270.00 to $277.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Finally, Robert W. Baird initiated coverage on Union Pacific in a research note on Tuesday, July 1st. They set a “neutral” rating and a $231.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $259.38.

About Union Pacific

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.