Morey & Quinn Wealth Partners LLC Trims Position in Union Pacific Corporation $UNP

Morey & Quinn Wealth Partners LLC trimmed its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 9.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,410 shares of the railroad operator’s stock after selling 1,555 shares during the quarter. Union Pacific accounts for about 2.7% of Morey & Quinn Wealth Partners LLC’s portfolio, making the stock its 7th largest position. Morey & Quinn Wealth Partners LLC’s holdings in Union Pacific were worth $3,315,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in UNP. Highline Wealth Partners LLC grew its holdings in Union Pacific by 103.5% during the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator’s stock worth $27,000 after acquiring an additional 59 shares during the last quarter. CBIZ Investment Advisory Services LLC increased its position in shares of Union Pacific by 1,400.0% during the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock worth $28,000 after buying an additional 112 shares during the period. Financial Gravity Asset Management Inc. acquired a new stake in shares of Union Pacific during the first quarter worth $32,000. WPG Advisers LLC acquired a new stake in shares of Union Pacific during the first quarter worth $33,000. Finally, Cornerstone Planning Group LLC increased its position in shares of Union Pacific by 50.5% during the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock worth $37,000 after buying an additional 56 shares during the period. 80.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on UNP. Citigroup upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $250.00 to $251.00 in a research report on Monday, September 15th. Evercore ISI decreased their price objective on shares of Union Pacific from $244.00 to $238.00 and set an “in-line” rating for the company in a research report on Friday, July 25th. JPMorgan Chase & Co. decreased their price objective on shares of Union Pacific from $267.00 to $265.00 and set a “neutral” rating for the company in a research report on Wednesday. Sanford C. Bernstein increased their price objective 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. Finally, Loop Capital upgraded shares of Union Pacific from a “sell” rating to a “hold” rating and increased their price objective for the stock from $214.00 to $227.00 in a research report on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $261.08.

Union Pacific Stock Up 0.4%

Shares of NYSE UNP opened at $232.72 on Thursday. The firm has a market cap of $138.03 billion, a PE ratio of 20.22, a P/E/G ratio of 2.41 and a beta of 1.07. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84. The company’s fifty day simple moving average is $224.14 and its 200 day simple moving average is $224.57. 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 (NYSE:UNP) last released its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The firm had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same period last year, the firm earned $2.74 earnings per share. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th were paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.4%. This is a positive change from Union Pacific’s previous quarterly dividend of $1.34. The ex-dividend date of this dividend was Friday, August 29th. Union Pacific’s payout ratio is 47.96%.

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.