Broadway Wealth Solutions Inc. Buys 65 Shares of Union Pacific Corporation $UNP

Broadway Wealth Solutions Inc. raised its stake in Union Pacific Corporation (NYSE:UNP) by 5.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,209 shares of the railroad operator’s stock after acquiring an additional 65 shares during the quarter. Broadway Wealth Solutions Inc.’s holdings in Union Pacific were worth $278,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UNP. Merit Financial Group LLC increased its stake in Union Pacific by 7.4% in the first quarter. Merit Financial Group LLC now owns 25,207 shares of the railroad operator’s stock valued at $5,955,000 after purchasing an additional 1,732 shares in the last quarter. Capital Asset Advisory Services LLC increased its stake in Union Pacific by 17.7% in the first quarter. Capital Asset Advisory Services LLC now owns 12,210 shares of the railroad operator’s stock valued at $2,912,000 after purchasing an additional 1,837 shares in the last quarter. RFG Advisory LLC increased its stake in Union Pacific by 68.1% in the first quarter. RFG Advisory LLC now owns 11,148 shares of the railroad operator’s stock valued at $2,634,000 after purchasing an additional 4,518 shares in the last quarter. Whipplewood Advisors LLC increased its stake in Union Pacific by 4.2% in the first quarter. Whipplewood Advisors LLC now owns 1,865 shares of the railroad operator’s stock valued at $423,000 after purchasing an additional 75 shares in the last quarter. Finally, Bremer Bank National Association increased its stake in Union Pacific by 9.7% in the first quarter. Bremer Bank National Association now owns 18,731 shares of the railroad operator’s stock valued at $4,425,000 after purchasing an additional 1,649 shares in the last quarter. 80.38% of the stock is owned by institutional investors.

Union Pacific Stock Up 0.1%

Union Pacific stock opened at $236.40 on Wednesday. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84. The stock 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. The firm’s 50-day simple moving average is $223.07 and its 200 day simple moving average is $224.54. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65.

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

Union Pacific Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th were paid a $1.38 dividend. The ex-dividend date was Friday, August 29th. This is a positive change from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 dividend on an annualized basis and a yield of 2.3%. Union Pacific’s dividend payout ratio is presently 47.96%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Baird R W raised shares of Union Pacific to a “hold” rating in a research report on Tuesday, July 1st. UBS Group boosted their target price on shares of Union Pacific from $238.00 to $240.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. Argus downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, August 12th. Royal Bank Of Canada boosted their target price on shares of Union Pacific from $257.00 to $276.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Finally, Sanford C. Bernstein boosted their target price on shares of Union Pacific from $271.00 to $286.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $260.00.

About Union Pacific

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.