Phoenix Wealth Advisors Cuts Stake in Union Pacific Corporation $UNP

Phoenix Wealth Advisors lowered its position in shares of Union Pacific Corporation (NYSE:UNP) by 0.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,320 shares of the railroad operator’s stock after selling 68 shares during the period. Union Pacific comprises approximately 1.2% of Phoenix Wealth Advisors’ holdings, making the stock its 28th largest holding. Phoenix Wealth Advisors’ holdings in Union Pacific were worth $2,674,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in UNP. CANADA LIFE ASSURANCE Co increased its stake in shares of Union Pacific by 0.8% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 19,412 shares of the railroad operator’s stock valued at $4,427,000 after buying an additional 156 shares during the period. Fuller & Thaler Asset Management Inc. grew its stake in Union Pacific by 8.1% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 38,439 shares of the railroad operator’s stock valued at $8,766,000 after purchasing an additional 2,879 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in Union Pacific by 11.9% in the fourth quarter. Integrated Wealth Concepts LLC now owns 16,205 shares of the railroad operator’s stock valued at $3,695,000 after purchasing an additional 1,717 shares during the last quarter. Hancock Whitney Corp grew its stake in Union Pacific by 107.0% in the fourth quarter. Hancock Whitney Corp now owns 6,572 shares of the railroad operator’s stock valued at $1,499,000 after purchasing an additional 3,397 shares during the last quarter. Finally, Topsail Wealth Management LLC purchased a new position in Union Pacific in the fourth quarter valued at about $218,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Trading Up 1.0%

Union Pacific stock opened at $227.4770 on Friday. 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 $258.07. The company has a market capitalization of $134.90 billion, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 2.19 and a beta of 1.05. The stock has a 50-day moving average price of $226.99 and a 200 day moving average price of $228.80.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.19. The firm had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.74 earnings per share. Sell-side analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be given a dividend of $1.38 per share. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, August 29th. Union Pacific’s dividend payout ratio (DPR) is 46.57%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Wells Fargo & Company lifted their target price on Union Pacific from $250.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Argus downgraded Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, August 12th. Sanford C. Bernstein raised their price target on Union Pacific from $271.00 to $286.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Raymond James Financial reissued a “strong-buy” rating on shares of Union Pacific in a report on Tuesday, July 15th. Finally, BMO Capital Markets raised their price target on Union Pacific from $270.00 to $277.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.21.

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.