Checchi Capital Advisers LLC Has $1.35 Million Stake in Union Pacific Corporation $UNP

Checchi Capital Advisers LLC lowered its holdings in Union Pacific Corporation (NYSE:UNP) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,874 shares of the railroad operator’s stock after selling 108 shares during the period. Checchi Capital Advisers LLC’s holdings in Union Pacific were worth $1,352,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Northern Trust Corp grew its position in Union Pacific by 2.0% in the first quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator’s stock valued at $1,678,575,000 after purchasing an additional 142,732 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Union Pacific by 5.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,949,345 shares of the railroad operator’s stock valued at $1,641,715,000 after purchasing an additional 354,463 shares in the last quarter. Royal Bank of Canada grew its position in Union Pacific by 1.7% in the first quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator’s stock valued at $1,206,191,000 after purchasing an additional 86,292 shares in the last quarter. Canada Pension Plan Investment Board grew its position in Union Pacific by 10.8% in the first quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock valued at $1,092,893,000 after purchasing an additional 452,788 shares in the last quarter. Finally, Nuveen LLC bought a new position in Union Pacific in the first quarter valued at $988,822,000. Institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Performance

Shares of UNP stock opened at $236.60 on Friday. The company has a market capitalization of $140.33 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 2.47 and a beta of 1.07. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. The company has a 50-day simple moving average of $223.67 and a 200 day simple moving average of $224.51. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $256.84.

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. The business had revenue of $6.15 billion during 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%. Union Pacific’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.74 EPS. On average, sell-side analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on UNP. Morgan Stanley decreased their price objective on shares of Union Pacific from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Monday, July 7th. Barclays downgraded shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 30th. Susquehanna reissued a “positive” rating and issued a $272.00 price objective (up previously from $257.00) on shares of Union Pacific in a research report on Thursday, September 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of Union Pacific in a research report on Saturday, September 27th. Finally, Sanford C. Bernstein lifted their price objective on shares of Union Pacific from $271.00 to $286.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. One equities 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $260.54.

Union Pacific Profile

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.