Union Pacific Corporation $UNP Shares Purchased by Smith Chas P & Associates PA Cpas

Smith Chas P & Associates PA Cpas lifted its stake in Union Pacific Corporation (NYSE:UNP) by 2.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 126,076 shares of the railroad operator’s stock after purchasing an additional 2,470 shares during the period. Union Pacific comprises about 1.8% of Smith Chas P & Associates PA Cpas’ holdings, making the stock its 27th largest holding. Smith Chas P & Associates PA Cpas’ holdings in Union Pacific were worth $36,441,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of UNP. Scarborough Advisors LLC acquired a new position in shares of Union Pacific during the first quarter worth $27,000. Merkkuri Wealth Advisors LLC purchased a new position in Union Pacific in the first quarter valued at approximately $29,000. Wiser Advisor Group LLC purchased a new stake in shares of Union Pacific during the 2nd quarter worth approximately $30,000. Kelly Lawrence W & Associates Inc. CA purchased a new position in shares of Union Pacific in the 2nd quarter valued at $34,000. Finally, Clark Wealth Partners boosted its stake in Union Pacific by 37.4% in the third quarter. Clark Wealth Partners now owns 136 shares of the railroad operator’s stock valued at $37,000 after acquiring an additional 37 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Price Performance

Union Pacific stock opened at $287.85 on Thursday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.82. The stock has a market capitalization of $171.01 billion, a P/E ratio of 23.31, a P/E/G ratio of 2.86 and a beta of 0.95. The firm’s 50-day moving average is $287.41 and its two-hundred day moving average is $277.80. Union Pacific Corporation has a 12-month low of $215.53 and a 12-month high of $315.99.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, beating analysts’ consensus estimates 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 revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.03 earnings per share. Equities analysts predict that Union Pacific Corporation will post 13.05 earnings per share for the current year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st were paid a $1.42 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.0%. This is a boost from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s payout ratio is 45.99%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Erste Group Bank initiated coverage on Union Pacific in a report on Thursday, August 27th. They issued a “buy” rating for the company. Susquehanna lowered their target price on Union Pacific from $345.00 to $333.00 and set a “positive” rating on the stock in a research note on Friday, October 2nd. JPMorgan Chase & Co. decreased their price target on Union Pacific from $334.00 to $322.00 and set a “neutral” rating for the company in a report on Monday, October 5th. The Goldman Sachs Group set a $317.00 price target on shares of Union Pacific and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Finally, Stephens raised Union Pacific to a “strong-buy” rating in a report on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $325.00.

About Union Pacific

Union Pacific Corporation (NYSE: UNP) is a transportation company that operates one of the largest freight railroad networks in the United States. Through its Union Pacific Railroad subsidiary, the company moves goods across the western two-thirds of the country, connecting major agricultural, industrial, energy, population and port markets.

Union Pacific transports a broad range of commodities and products, including agricultural goods, automotive shipments, chemicals, coal, industrial products, forest products and intermodal containers.