Venturi Wealth Management LLC Grows Holdings in Union Pacific Corporation $UNP

Venturi Wealth Management LLC increased its position in shares of Union Pacific Corporation (NYSE:UNP) by 4.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,729 shares of the railroad operator’s stock after buying an additional 147 shares during the period. Venturi Wealth Management LLC’s holdings in Union Pacific were worth $858,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of UNP. Shell Asset Management Co. boosted its holdings in shares of Union Pacific by 63.5% in the 2nd quarter. Shell Asset Management Co. now owns 32,166 shares of the railroad operator’s stock valued at $7,401,000 after buying an additional 12,493 shares during the period. KLP Kapitalforvaltning AS boosted its position in shares of Union Pacific by 4.2% during the second quarter. KLP Kapitalforvaltning AS now owns 217,964 shares of the railroad operator’s stock worth $50,149,000 after buying an additional 8,800 shares during the period. Seamount Financial Group Inc. lifted its stake in shares of Union Pacific by 120.7% in the 2nd quarter. Seamount Financial Group Inc. now owns 3,991 shares of the railroad operator’s stock worth $918,000 after acquiring an additional 2,183 shares during the period. SteelPeak Wealth LLC lifted its stake in shares of Union Pacific by 5.8% in the 2nd quarter. SteelPeak Wealth LLC now owns 2,287 shares of the railroad operator’s stock worth $526,000 after acquiring an additional 125 shares during the period. Finally, Drake & Associates LLC lifted its stake in shares of Union Pacific by 9.9% in the 2nd quarter. Drake & Associates LLC now owns 1,046 shares of the railroad operator’s stock worth $241,000 after acquiring an additional 94 shares during the period. Institutional investors own 80.38% of the company’s stock.

Union Pacific Price Performance

Shares of Union Pacific stock opened at $232.72 on Thursday. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84. The company has a market cap of $138.03 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 2.41 and a beta of 1.07. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. The firm has a fifty day moving average price of $224.14 and a two-hundred day moving average price of $224.57.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) 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 company had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.09 billion. During the same quarter in the prior year, the company posted $2.74 EPS. The business’s revenue was up 2.4% on a year-over-year basis. Analysts expect that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 29th were given a dividend of $1.38 per share. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. The ex-dividend date was Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.4%. Union Pacific’s dividend payout ratio is 47.96%.

Analysts Set New Price Targets

UNP has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Union Pacific in a research note on Wednesday. Morgan Stanley dropped their price objective on shares of Union Pacific from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Monday, July 7th. Argus lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, August 12th. Jefferies Financial Group upgraded shares of Union Pacific from a “hold” rating to a “buy” rating and increased their price target for the stock from $250.00 to $285.00 in a research note on Friday, July 25th. Finally, UBS Group set a $253.00 price objective on shares of Union Pacific and gave the stock a “neutral” rating in a report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $261.08.

Union Pacific 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.