Integrated Wealth Concepts LLC Has $7.03 Million Stock Holdings in Union Pacific Corporation $UNP

Integrated Wealth Concepts LLC lifted its stake in shares of Union Pacific Corporation (NYSE:UNP) by 21.0% in the second quarter, Holdings Channel.com reports. The fund owned 25,853 shares of the railroad operator’s stock after acquiring an additional 4,481 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Union Pacific were worth $7,032,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cambient Family Office LLC acquired a new stake in Union Pacific in the fourth quarter worth $1,319,000. First National Bank of Omaha raised its holdings in shares of Union Pacific by 35.8% during the fourth quarter. First National Bank of Omaha now owns 54,635 shares of the railroad operator’s stock valued at $12,665,000 after purchasing an additional 14,399 shares during the period. North Dakota State Investment Board acquired a new position in shares of Union Pacific during the fourth quarter valued at about $4,746,000. Sage Investment Advisers LLC bought a new position in shares of Union Pacific during the 4th quarter worth about $997,000. Finally, National Pension Service boosted its position in shares of Union Pacific by 1.2% during the 4th quarter. National Pension Service now owns 1,316,496 shares of the railroad operator’s stock worth $304,532,000 after purchasing an additional 15,785 shares in the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Union Pacific Stock Down 0.5%

Shares of NYSE:UNP opened at $284.46 on Friday. The stock has a market cap of $168.99 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 2.84 and a beta of 0.96. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. Union Pacific Corporation has a 12-month low of $213.89 and a 12-month high of $315.99. The business’s 50 day moving average is $294.87 and its 200 day moving average is $271.74.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, beating analysts’ consensus estimates of $3.26 by $0.15. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The business had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.72 billion. During the same period in the prior year, the firm posted $3.03 EPS. Union Pacific’s quarterly revenue was up 11.5% compared to the same quarter last year. On average, sell-side analysts forecast that Union Pacific Corporation will post 13.02 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be paid a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, August 31st. This is a positive change from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s dividend payout ratio (DPR) is currently 45.99%.

Analyst Ratings Changes

A number of analysts recently commented on UNP shares. Robert W. Baird boosted their target price on Union Pacific from $311.00 to $344.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. BMO Capital Markets reiterated a “market perform” rating and issued a $320.00 price target (up from $285.00) on shares of Union Pacific in a report on Friday, July 24th. UBS Group reissued a “neutral” rating and issued a $310.00 price objective (up from $286.00) on shares of Union Pacific in a research note on Friday, July 24th. Royal Bank Of Canada restated an “outperform” rating and set a $339.00 price objective (up from $289.00) on shares of Union Pacific in a report on Friday, July 24th. Finally, TD Cowen reaffirmed a “buy” rating and set a $325.00 target price (up from $282.00) on shares of Union Pacific in a research report on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $320.89.

Union Pacific Profile

Union Pacific Corporation is a transportation company that operates Union Pacific Railroad, one of the largest freight railroad networks in the United States. The company provides rail transportation and logistics services for a broad range of commodities, including agricultural products, automotive goods, chemicals, coal, industrial products, and intermodal shipments.

Union Pacific’s railroad network serves the western two-thirds of the United States, connecting major markets and ports across approximately 23 states.