Keudell Morrison Wealth Management Acquires 623 Shares of Union Pacific Corporation $UNP

Keudell Morrison Wealth Management grew its holdings in Union Pacific Corporation (NYSE:UNP) by 30.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,680 shares of the railroad operator’s stock after acquiring an additional 623 shares during the quarter. Keudell Morrison Wealth Management’s holdings in Union Pacific were worth $617,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of UNP. Pines Wealth Management LLC raised its stake in Union Pacific by 1.7% in the second quarter. Pines Wealth Management LLC now owns 2,520 shares of the railroad operator’s stock valued at $595,000 after purchasing an additional 43 shares in the last quarter. Titleist Asset Management LLC raised its stake in Union Pacific by 1.1% in the first quarter. Titleist Asset Management LLC now owns 4,004 shares of the railroad operator’s stock valued at $946,000 after purchasing an additional 44 shares in the last quarter. Five Oceans Advisors raised its stake in Union Pacific by 3.9% in the second quarter. Five Oceans Advisors now owns 1,183 shares of the railroad operator’s stock valued at $272,000 after purchasing an additional 44 shares in the last quarter. Stiles Financial Services Inc raised its stake in Union Pacific by 1.6% in the first quarter. Stiles Financial Services Inc now owns 2,963 shares of the railroad operator’s stock valued at $700,000 after purchasing an additional 48 shares in the last quarter. Finally, Avalon Trust Co raised its stake in Union Pacific by 5.1% in the first quarter. Avalon Trust Co now owns 1,004 shares of the railroad operator’s stock valued at $237,000 after purchasing an additional 49 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Royal Bank Of Canada boosted their price target on Union Pacific from $257.00 to $276.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Morgan Stanley lowered their target price on Union Pacific from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Monday, July 7th. Baird R W raised Union Pacific to a “hold” rating in a research note on Tuesday, July 1st. Barclays downgraded Union Pacific from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 30th. Finally, Loop Capital raised Union Pacific from a “sell” rating to a “hold” rating and boosted their target price for the stock from $214.00 to $227.00 in a research note on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $260.54.

Union Pacific Stock Performance

Union Pacific stock opened at $236.60 on Friday. The business has a 50 day moving average of $223.67 and a 200-day moving average of $224.51. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84. 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 market capitalization 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 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $6.09 billion. During the same quarter in the prior year, the firm posted $2.74 earnings per share. The firm’s revenue was up 2.4% compared to the same quarter last year. On average, equities research 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 paid a $1.38 dividend. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, August 29th. Union Pacific’s payout ratio is currently 47.96%.

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.