Sequoia Financial Advisors LLC Buys 1,219 Shares of Union Pacific Corporation $UNP

Sequoia Financial Advisors LLC lifted its stake in Union Pacific Corporation (NYSE:UNP) by 2.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 63,710 shares of the railroad operator’s stock after acquiring an additional 1,219 shares during the period. Sequoia Financial Advisors LLC’s holdings in Union Pacific were worth $14,658,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Vest Financial LLC raised its stake in shares of Union Pacific by 39.3% in the 2nd quarter. Vest Financial LLC now owns 9,738 shares of the railroad operator’s stock valued at $2,241,000 after acquiring an additional 2,746 shares in the last quarter. St. Louis Trust Co raised its stake in shares of Union Pacific by 37.2% in the 2nd quarter. St. Louis Trust Co now owns 16,584 shares of the railroad operator’s stock valued at $3,816,000 after acquiring an additional 4,500 shares in the last quarter. Griffin Asset Management Inc. raised its stake in shares of Union Pacific by 0.9% in the 2nd quarter. Griffin Asset Management Inc. now owns 15,150 shares of the railroad operator’s stock valued at $3,486,000 after acquiring an additional 129 shares in the last quarter. MGO One Seven LLC raised its stake in shares of Union Pacific by 2.9% in the 2nd quarter. MGO One Seven LLC now owns 12,408 shares of the railroad operator’s stock valued at $2,855,000 after acquiring an additional 354 shares in the last quarter. Finally, Welch Group LLC raised its stake in shares of Union Pacific by 27.3% in the 2nd quarter. Welch Group LLC now owns 2,512 shares of the railroad operator’s stock valued at $578,000 after acquiring an additional 539 shares in the last quarter. 80.38% of the stock is owned by institutional investors.

Union Pacific Price Performance

Shares of NYSE:UNP opened at $225.81 on Tuesday. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84. The firm has a market capitalization of $133.93 billion, a PE ratio of 19.62, a PEG ratio of 2.34 and a beta of 1.07. The business’s 50 day moving average is $224.52 and its 200-day moving average is $224.25. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share 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 company had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same quarter last year, the firm earned $2.74 EPS. Union Pacific’s revenue for the quarter was up 2.4% compared to the same quarter last year. Sell-side analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, August 29th. This is a boost from Union Pacific’s previous quarterly dividend of $1.34. Union Pacific’s payout ratio is 47.96%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on UNP shares. Baird R W raised Union Pacific to a “hold” rating in a report on Tuesday, July 1st. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a report on Tuesday, July 15th. Citigroup reaffirmed a “buy” rating and issued a $263.00 target price (up previously from $251.00) on shares of Union Pacific in a report on Monday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Union Pacific in a report on Wednesday, October 8th. Finally, Morgan Stanley lowered their target price on Union Pacific from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Monday, July 7th. One investment 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $261.58.

Union Pacific Company 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.