SteelPeak Wealth LLC Buys 125 Shares of Union Pacific Corporation $UNP

SteelPeak Wealth LLC raised its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 5.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,287 shares of the railroad operator’s stock after purchasing an additional 125 shares during the period. SteelPeak Wealth LLC’s holdings in Union Pacific were worth $526,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Highline Wealth Partners LLC raised its position in Union Pacific by 103.5% during the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator’s stock valued at $27,000 after purchasing an additional 59 shares during the last quarter. CBIZ Investment Advisory Services LLC raised its position in Union Pacific by 1,400.0% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock valued at $28,000 after purchasing an additional 112 shares during the last quarter. Financial Gravity Asset Management Inc. bought a new position in Union Pacific during the 1st quarter valued at approximately $32,000. WPG Advisers LLC bought a new position in Union Pacific during the 1st quarter valued at approximately $33,000. Finally, Cornerstone Planning Group LLC grew its holdings in shares of Union Pacific by 50.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock worth $37,000 after acquiring an additional 56 shares during the period. Institutional investors own 80.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on UNP. Argus lowered Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, August 12th. Loop Capital raised Union Pacific from a “sell” rating to a “hold” rating and increased their target price for the stock from $214.00 to $227.00 in a research report on Tuesday, September 16th. Evercore ISI decreased their target price on 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. Morgan Stanley decreased their target price on Union Pacific from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Monday, July 7th. Finally, UBS Group set a $253.00 target price on Union Pacific and gave the stock a “neutral” rating in a research report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, Union Pacific has an average rating of “Moderate Buy” and an average price target of $261.08.

Union Pacific Stock Performance

Shares of UNP opened at $232.72 on Thursday. The business’s fifty day simple moving average is $224.14 and its two-hundred day simple moving average is $224.57. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84. The company has a market cap of $138.03 billion, a price-to-earnings ratio of 20.22, a P/E/G ratio of 2.41 and a beta of 1.07.

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. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The business had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.09 billion. During the same period last year, the business posted $2.74 EPS. The company’s revenue was up 2.4% compared to the same quarter last year. Research analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

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

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.