Oak Hill Wealth Advisors LLC Acquires Shares of 1,548 Union Pacific Corporation $UNP

Oak Hill Wealth Advisors LLC acquired a new stake in Union Pacific Corporation (NYSE:UNP) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,548 shares of the railroad operator’s stock, valued at approximately $366,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UNP. Breakwater Capital Group increased its position in Union Pacific by 65.7% in the 1st quarter. Breakwater Capital Group now owns 1,471 shares of the railroad operator’s stock valued at $348,000 after acquiring an additional 583 shares in the last quarter. Vest Financial LLC boosted its stake in shares of Union Pacific by 45.4% in the 1st quarter. Vest Financial LLC now owns 6,992 shares of the railroad operator’s stock valued at $1,652,000 after purchasing an additional 2,183 shares during the last quarter. Foster Group Inc. bought a new position in shares of Union Pacific in the 1st quarter valued at about $251,000. Curat Global LLC bought a new position in shares of Union Pacific in the 1st quarter valued at about $287,000. Finally, Pinnacle Wealth Management Group Inc. bought a new position in shares of Union Pacific in the 1st quarter valued at about $200,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on UNP shares. Argus lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, August 12th. Citigroup raised shares of Union Pacific from a “neutral” rating to a “buy” rating and raised their target price for the company from $250.00 to $251.00 in a research note on Monday, September 15th. Wells Fargo & Company increased their price target on shares of Union Pacific from $250.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. BMO Capital Markets increased their price target on shares of Union Pacific from $270.00 to $277.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Union Pacific in a research report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $260.54.

Union Pacific Price Performance

NYSE UNP opened at $236.60 on Friday. 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 Corporation has a 12-month low of $204.66 and a 12-month high of $256.84. The company has a market capitalization of $140.33 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 2.44 and a beta of 1.07. The firm’s 50 day moving average is $223.67 and its 200-day moving average is $224.59.

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

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 29th were issued a dividend of $1.38 per share. The ex-dividend date was Friday, August 29th. This is a positive change from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 dividend on an annualized basis and a yield of 2.3%. Union Pacific’s dividend payout ratio is presently 47.96%.

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.