Axxcess Wealth Management LLC Has $5.40 Million Stock Position in Union Pacific Corporation $UNP

Axxcess Wealth Management LLC lifted its holdings in Union Pacific Corporation (NYSE:UNP) by 18.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,860 shares of the railroad operator’s stock after acquiring an additional 3,635 shares during the period. Axxcess Wealth Management LLC’s holdings in Union Pacific were worth $5,403,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on UNP shares. Citigroup reaffirmed a “buy” rating and issued a $270.00 price target (up previously from $265.00) on shares of Union Pacific in a research note on Wednesday, January 28th. Weiss Ratings upgraded shares of Union Pacific from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 6th. Raymond James Financial reiterated a “strong-buy” rating on shares of Union Pacific in a research report on Tuesday, January 27th. TD Cowen decreased their price objective on shares of Union Pacific from $257.00 to $255.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Finally, Royal Bank Of Canada set a $280.00 target price on Union Pacific in a research note on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Union Pacific currently has a consensus rating of “Moderate Buy” and an average target price of $258.32.

Union Pacific Price Performance

UNP stock opened at $264.67 on Thursday. The stock has a market cap of $157.05 billion, a price-to-earnings ratio of 22.11, a P/E/G ratio of 2.87 and a beta of 0.98. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.91 and a quick ratio of 0.75. The company has a 50 day simple moving average of $238.15 and a 200 day simple moving average of $229.47. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $265.37.

Union Pacific (NYSE:UNP) last posted its earnings results on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.06). The company had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.15 billion. Union Pacific had a return on equity of 40.89% and a net margin of 29.12%.The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.91 EPS. Research analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, February 27th. Union Pacific’s dividend payout ratio is presently 46.12%.

Union Pacific Company Profile

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.