Union Pacific Corporation $UNP Shares Acquired by IFP Advisors Inc

IFP Advisors Inc lifted its position in shares of Union Pacific Corporation (NYSE:UNP) by 28.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,309 shares of the railroad operator’s stock after purchasing an additional 4,304 shares during the period. IFP Advisors Inc’s holdings in Union Pacific were worth $5,252,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tucker Asset Management LLC acquired a new stake in Union Pacific in the fourth quarter valued at $25,000. SWAN Capital LLC boosted its position in shares of Union Pacific by 2,575.0% during the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock worth $25,000 after acquiring an additional 103 shares in the last quarter. Cornerstone Financial Management LLC acquired a new position in shares of Union Pacific during the 4th quarter worth about $27,000. Scarborough Advisors LLC purchased a new position in shares of Union Pacific in the 1st quarter valued at about $27,000. Finally, Merkkuri Wealth Advisors LLC purchased a new position in shares of Union Pacific in the 1st quarter valued at about $29,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. UBS Group reissued a “neutral” rating and set a $310.00 target price (up from $286.00) on shares of Union Pacific in a research report on Friday, July 24th. Robert W. Baird upped their price target on Union Pacific from $311.00 to $344.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Susquehanna increased their price target on shares of Union Pacific from $305.00 to $333.00 and gave the company a “positive” rating in a research note on Tuesday, July 14th. The Goldman Sachs Group set a $317.00 price objective on shares of Union Pacific and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Union Pacific from $304.00 to $334.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $320.89.

Union Pacific Stock Down 1.1%

UNP opened at $285.27 on Thursday. The business’s 50-day simple moving average is $294.77 and its 200-day simple moving average is $271.51. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.82 and a current ratio of 0.99. Union Pacific Corporation has a one year low of $210.84 and a one year high of $315.99. The stock has a market capitalization of $169.47 billion, a P/E ratio of 23.10, a price-to-earnings-growth ratio of 2.87 and a beta of 0.96.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, beating the consensus estimate of $3.26 by $0.15. The business had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.72 billion. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The business’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the business earned $3.03 EPS. Analysts anticipate that Union Pacific Corporation will post 13.02 EPS for the current year.

Union Pacific Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 2.0%. This is a positive change from Union Pacific’s previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Monday, August 31st. Union Pacific’s dividend payout ratio is presently 45.99%.

Union Pacific Profile

Union Pacific Corporation is a transportation company that operates Union Pacific Railroad, one of the largest freight railroad networks in the United States. The company provides rail transportation and logistics services for a broad range of commodities, including agricultural products, automotive goods, chemicals, coal, industrial products, and intermodal shipments.

Union Pacific’s railroad network serves the western two-thirds of the United States, connecting major markets and ports across approximately 23 states.