Concurrent Investment Advisors LLC Purchases 2,503 Shares of Union Pacific Corporation $UNP

Concurrent Investment Advisors LLC boosted its position in Union Pacific Corporation (NYSE:UNP) by 12.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,684 shares of the railroad operator’s stock after acquiring an additional 2,503 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Union Pacific were worth $5,219,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Pines Wealth Management LLC lifted its position in shares of Union Pacific by 1.7% during the second quarter. Pines Wealth Management LLC now owns 2,520 shares of the railroad operator’s stock worth $595,000 after acquiring an additional 43 shares in the last quarter. Titleist Asset Management LLC lifted its position in shares of Union Pacific by 1.1% during the first quarter. Titleist Asset Management LLC now owns 4,004 shares of the railroad operator’s stock worth $946,000 after acquiring an additional 44 shares in the last quarter. Five Oceans Advisors lifted its position in shares of Union Pacific by 3.9% during the second quarter. Five Oceans Advisors now owns 1,183 shares of the railroad operator’s stock worth $272,000 after acquiring an additional 44 shares in the last quarter. Stiles Financial Services Inc lifted its position in shares of Union Pacific by 1.6% during the first quarter. Stiles Financial Services Inc now owns 2,963 shares of the railroad operator’s stock worth $700,000 after acquiring an additional 48 shares in the last quarter. Finally, Avalon Trust Co lifted its position in shares of Union Pacific by 5.1% during the first quarter. Avalon Trust Co now owns 1,004 shares of the railroad operator’s stock worth $237,000 after acquiring an additional 49 shares in the last quarter. 80.38% of the stock is owned by institutional investors.

Union Pacific Stock Down 2.6%

UNP opened at $225.54 on Monday. The stock has a market cap of $133.77 billion, a PE ratio of 19.60, a P/E/G ratio of 2.34 and a beta of 1.07. 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 fifty day simple moving average is $224.45 and its 200 day simple moving average is $224.30.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.19. The business had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The firm’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.74 earnings per share. As a group, research analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently declared 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. 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 annualized dividend and a yield of 2.4%. Union Pacific’s dividend payout ratio (DPR) is currently 47.96%.

Analysts Set New Price Targets

Several research firms have issued reports on UNP. Royal Bank Of Canada increased their target price on Union Pacific from $257.00 to $276.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Citigroup upgraded Union Pacific from a “neutral” rating to a “buy” rating and increased their target price for the stock from $250.00 to $251.00 in a research report on Monday, September 15th. Robert W. Baird initiated coverage on shares of Union Pacific in a report on Tuesday, July 1st. They issued a “neutral” rating and a $231.00 price target on the stock. Jefferies Financial Group raised shares of Union Pacific from a “hold” rating to a “buy” rating and upped their price target for the stock from $250.00 to $285.00 in a report on Friday, July 25th. Finally, Sanford C. Bernstein upped their price target 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. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $261.08.

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.