EdgeRock Capital LLC Purchases New Holdings in Union Pacific Corporation $UNP

EdgeRock Capital LLC acquired a new position in shares of Union Pacific Corporation (NYSE:UNP) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 1,580 shares of the railroad operator’s stock, valued at approximately $364,000.

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

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $232.01 on Friday. The stock has a market cap of $137.59 billion, a price-to-earnings ratio of 20.16, a P/E/G ratio of 2.40 and a beta of 1.03. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84. The company’s fifty day moving average is $222.52 and its 200 day moving average is $224.65. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, topping the consensus estimate of $2.84 by $0.19. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The firm had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.09 billion. During the same period in the previous year, the business earned $2.74 EPS. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. Sell-side analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be paid a $1.38 dividend. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, August 29th. Union Pacific’s payout ratio is presently 47.96%.

Analyst Ratings Changes

A number of brokerages recently issued reports on UNP. Robert W. Baird started coverage on shares of Union Pacific in a research note on Tuesday, July 1st. They issued a “neutral” rating and a $231.00 price objective on the stock. Royal Bank Of Canada lifted their price target on Union Pacific from $257.00 to $276.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Sanford C. Bernstein upped their price objective on Union Pacific from $271.00 to $286.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $263.00 price objective on shares of Union Pacific in a research note on Monday, June 2nd. Finally, Argus downgraded Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, Union Pacific presently has an average rating of “Moderate Buy” and a consensus price target of $260.00.

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.