Laurel Wealth Advisors LLC Increases Stock Holdings in Union Pacific Corporation $UNP

Laurel Wealth Advisors LLC raised its position in Union Pacific Corporation (NYSE:UNP) by 22,618.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,624,636 shares of the railroad operator’s stock after purchasing an additional 2,613,083 shares during the quarter. Laurel Wealth Advisors LLC owned about 0.44% of Union Pacific worth $603,876,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in UNP. CBIZ Investment Advisory Services LLC lifted its holdings in Union Pacific by 1,400.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock valued at $28,000 after acquiring an additional 112 shares during the last quarter. Financial Gravity Companies Inc. acquired a new position in shares of Union Pacific in the 2nd quarter valued at $31,000. Access Investment Management LLC acquired a new position in shares of Union Pacific in the 2nd quarter valued at $32,000. WPG Advisers LLC purchased a new position in shares of Union Pacific during the 1st quarter worth $33,000. Finally, GFG Capital LLC acquired a new stake in shares of Union Pacific during the 2nd quarter worth about $38,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Trading Down 0.8%

UNP opened at $224.52 on Tuesday. The business has a fifty day moving average price of $224.99 and a 200 day moving average price of $225.02. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.75 and a quick ratio of 0.60. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84. The stock has a market capitalization of $133.18 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 2.27 and a beta of 1.04.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, October 23rd. The railroad operator reported $3.08 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.09. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.The business had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6.24 billion. During the same period in the previous year, the company posted $2.75 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. Sell-side analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 5th will be issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, December 5th. Union Pacific’s dividend payout ratio (DPR) is presently 46.90%.

Analyst Ratings Changes

Several brokerages have weighed in on UNP. TD Cowen lowered their target price on shares of Union Pacific from $258.00 to $257.00 and set a “buy” rating for the company in a research note on Friday, October 24th. Susquehanna reiterated a “positive” rating and issued a $272.00 target price (up previously from $257.00) on shares of Union Pacific in a report on Thursday, September 25th. BMO Capital Markets cut their target price on Union Pacific from $277.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, October 24th. The Goldman Sachs Group set a $263.00 price target on Union Pacific and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. Finally, Citigroup lifted their price objective on Union Pacific from $263.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Union Pacific currently has an average rating of “Moderate Buy” and a consensus target price of $261.63.

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.