Alley Investment Management Company LLC Buys 67 Shares of Union Pacific Corporation $UNP

Alley Investment Management Company LLC boosted its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 0.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,375 shares of the railroad operator’s stock after purchasing an additional 67 shares during the period. Union Pacific comprises approximately 2.2% of Alley Investment Management Company LLC’s investment portfolio, making the stock its 16th biggest position. Alley Investment Management Company LLC’s holdings in Union Pacific were worth $18,033,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LGT Group Foundation lifted its stake in Union Pacific by 9.7% during the first quarter. LGT Group Foundation now owns 5,398 shares of the railroad operator’s stock worth $1,275,000 after purchasing an additional 477 shares during the last quarter. Nuveen LLC bought a new stake in Union Pacific during the first quarter worth $988,822,000. SlateStone Wealth LLC lifted its stake in Union Pacific by 6.2% during the first quarter. SlateStone Wealth LLC now owns 13,264 shares of the railroad operator’s stock worth $3,133,000 after purchasing an additional 772 shares during the last quarter. Meadow Creek Wealth Advisors LLC lifted its stake in Union Pacific by 10.9% during the first quarter. Meadow Creek Wealth Advisors LLC now owns 3,666 shares of the railroad operator’s stock worth $866,000 after purchasing an additional 359 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Union Pacific by 16.8% during the first quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator’s stock worth $2,491,000 after purchasing an additional 1,520 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Stock Performance

UNP stock opened at $236.40 on Wednesday. The stock has a 50-day moving average price of $223.07 and a 200-day moving average price of $224.54. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. The firm has a market cap of $140.19 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 2.46 and a beta of 1.03.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, beating the consensus estimate of $2.84 by $0.19. The company 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 firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period last year, the business posted $2.74 EPS. As a group, equities research analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were paid a $1.38 dividend. The ex-dividend date was Friday, August 29th. This represents a $5.52 annualized dividend and a dividend yield of 2.3%. This is a boost from Union Pacific’s previous quarterly dividend of $1.34. Union Pacific’s dividend payout ratio (DPR) is 47.96%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Robert W. Baird assumed coverage on shares of Union Pacific in a report on Tuesday, July 1st. They set a “neutral” rating and a $231.00 price target for the company. UBS Group upped their price target on shares of Union Pacific from $238.00 to $240.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. Morgan Stanley lowered their price target on shares of Union Pacific from $220.00 to $215.00 and set an “equal weight” rating for the company in a report on Monday, July 7th. Raymond James Financial reiterated a “strong-buy” rating on shares of Union Pacific in a report on Tuesday, July 15th. Finally, Wells Fargo & Company upped their price target on shares of Union Pacific from $250.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $260.00.

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.