Turtle Creek Wealth Advisors LLC Grows Stock Position in Union Pacific Corporation $UNP

Turtle Creek Wealth Advisors LLC increased its stake in Union Pacific Corporation (NYSE:UNP) by 67.8% in the third quarter, HoldingsChannel reports. The fund owned 14,312 shares of the railroad operator’s stock after purchasing an additional 5,784 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in Union Pacific were worth $3,383,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Howard Hughes Medical Institute bought a new stake in Union Pacific in the second quarter valued at approximately $30,000. Financial Gravity Companies Inc. purchased a new position in shares of Union Pacific in the second quarter worth $31,000. Total Investment Management Inc. bought a new stake in Union Pacific during the 2nd quarter valued at $31,000. Access Investment Management LLC bought a new stake in Union Pacific during the 2nd quarter valued at $32,000. Finally, Sagard Holdings Management Inc. purchased a new stake in Union Pacific during the 2nd quarter valued at $33,000. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Stock Down 0.3%

UNP stock opened at $229.75 on Tuesday. 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 capitalization of $136.28 billion, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 2.65 and a beta of 0.99. The business’s 50 day moving average price is $230.84 and its two-hundred day moving average price is $227.03. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.60 and a current ratio of 0.75.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.09. The company had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6.24 billion. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.The firm’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.75 earnings per share. As a group, analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Friday, December 5th were paid a dividend of $1.38 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.4%. Union Pacific’s dividend payout ratio (DPR) is currently 46.90%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Citigroup set a $264.00 price objective on shares of Union Pacific and gave the company a “buy” rating in a research report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft set a $245.00 target price on Union Pacific in a research note on Thursday, December 11th. TD Cowen lowered their price target on Union Pacific from $258.00 to $257.00 and set a “buy” rating for the company in a research report on Friday, October 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Union Pacific in a report on Wednesday, October 8th. Finally, UBS Group set a $253.00 price objective on Union Pacific and gave the stock a “neutral” rating in a research report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $259.58.

About Union Pacific

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.