PUREfi Wealth LLC Reduces Holdings in Union Pacific Corporation $UNP

PUREfi Wealth LLC reduced its stake in shares of Union Pacific Corporation (NYSE:UNP) by 3.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,304 shares of the railroad operator’s stock after selling 81 shares during the quarter. PUREfi Wealth LLC’s holdings in Union Pacific were worth $530,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in UNP. Northern Trust Corp lifted its stake 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 worth $1,678,575,000 after acquiring an additional 142,732 shares during the period. Price T Rowe Associates Inc. MD lifted its stake 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 worth $1,641,715,000 after acquiring an additional 354,463 shares during the period. Royal Bank of Canada lifted its stake 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 worth $1,206,191,000 after acquiring an additional 86,292 shares during the period. Canada Pension Plan Investment Board lifted its stake 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 worth $1,092,893,000 after acquiring an additional 452,788 shares during the period. Finally, Nuveen LLC purchased a new stake in Union Pacific in the first quarter worth about $988,822,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UNP has been the subject of a number of recent research reports. Royal Bank Of Canada boosted their target price on shares of Union Pacific from $257.00 to $276.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Susquehanna reiterated a “positive” rating and issued a $272.00 target price (up from $257.00) on shares of Union Pacific in a report on Thursday, September 25th. Barclays downgraded shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Union Pacific in a report on Saturday, September 27th. Finally, BMO Capital Markets boosted their target price on shares of Union Pacific from $270.00 to $277.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $260.54.

Union Pacific Price Performance

Shares of NYSE UNP opened at $236.60 on Monday. 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 52 week low of $204.66 and a 52 week high of $256.84. The business’s 50 day moving average price is $223.67 and its 200 day moving average price is $224.44. The firm has a market cap of $140.33 billion, a P/E ratio of 20.56, a P/E/G ratio of 2.47 and a beta of 1.07.

Union Pacific (NYSE:UNP) last released its quarterly earnings data 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 business had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same quarter in the prior year, the firm posted $2.74 EPS. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, sell-side analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were given a dividend of $1.38 per share. 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 dividend on an annualized basis and a dividend yield of 2.3%. Union Pacific’s payout ratio is 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.