Robertson Stephens Wealth Management LLC Has $2.45 Million Holdings in Union Pacific Corporation $UNP

Robertson Stephens Wealth Management LLC grew its holdings in Union Pacific Corporation (NYSE:UNP) by 31.1% during the second quarter, Holdings Channel.com reports. The firm owned 10,634 shares of the railroad operator’s stock after acquiring an additional 2,524 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Union Pacific were worth $2,447,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LGT Group Foundation raised its holdings in shares of Union Pacific by 9.7% in the first quarter. LGT Group Foundation now owns 5,398 shares of the railroad operator’s stock valued at $1,275,000 after purchasing an additional 477 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Union Pacific in the first quarter valued at approximately $988,822,000. SlateStone Wealth LLC raised its holdings in shares of Union Pacific by 6.2% in the first quarter. SlateStone Wealth LLC now owns 13,264 shares of the railroad operator’s stock valued at $3,133,000 after purchasing an additional 772 shares during the last quarter. Meadow Creek Wealth Advisors LLC increased its holdings in Union Pacific by 10.9% during the first quarter. Meadow Creek Wealth Advisors LLC now owns 3,666 shares of the railroad operator’s stock worth $866,000 after buying an additional 359 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Union Pacific by 16.8% during the first quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator’s stock worth $2,491,000 after buying an additional 1,520 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Trading Down 2.6%

UNP stock opened at $225.54 on Friday. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. The company has a fifty day moving average price of $224.45 and a two-hundred day moving average price of $224.47. Union Pacific Corporation has a one year low of $204.66 and a one year high of $256.84. The stock has a market cap of $133.77 billion, a price-to-earnings ratio of 19.60, a price-to-earnings-growth ratio of 2.41 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 analysts’ consensus estimates of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The firm had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.09 billion. During the same period in the previous year, the business posted $2.74 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. Equities analysts anticipate 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 was paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th were given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.4%. This is a positive change from Union Pacific’s previous quarterly dividend of $1.34. The ex-dividend date of this dividend was Friday, August 29th. Union Pacific’s dividend payout ratio (DPR) is presently 47.96%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Baird R W upgraded shares of Union Pacific to a “hold” rating in a report on Tuesday, July 1st. Wells Fargo & Company boosted their target price on shares of Union Pacific from $250.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Evercore ISI lowered their target price on shares of Union Pacific from $244.00 to $238.00 and set an “in-line” rating on the stock in a report on Friday, July 25th. Sanford C. Bernstein boosted their target price on shares of Union Pacific from $271.00 to $286.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Finally, UBS Group set a $253.00 target price on shares of Union Pacific and gave the stock a “neutral” rating in a report on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, Union Pacific currently has an average rating of “Moderate Buy” and an average target price of $261.08.

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.