Livelsberger Financial Advisory bought a new position in shares of Union Pacific Corporation (NYSE:UNP – Free Report) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 185 shares of the railroad operator’s stock, valued at approximately $43,000.
A number of other institutional investors have also added to or reduced their stakes in the company. Heartwood Wealth Advisors LLC increased its holdings in Union Pacific by 7.4% during the second quarter. Heartwood Wealth Advisors LLC now owns 5,835 shares of the railroad operator’s stock worth $1,343,000 after buying an additional 400 shares during the last quarter. Gallacher Capital Management LLC increased its holdings in shares of Union Pacific by 4.2% in the second quarter. Gallacher Capital Management LLC now owns 2,619 shares of the railroad operator’s stock valued at $603,000 after purchasing an additional 106 shares during the last quarter. Trust Co. of Oklahoma increased its holdings in shares of Union Pacific by 1.1% in the second quarter. Trust Co. of Oklahoma now owns 8,662 shares of the railroad operator’s stock valued at $1,993,000 after purchasing an additional 94 shares during the last quarter. Capital Asset Advisory Services LLC increased its holdings in shares of Union Pacific by 3.5% in the second quarter. Capital Asset Advisory Services LLC now owns 12,641 shares of the railroad operator’s stock valued at $2,978,000 after purchasing an additional 431 shares during the last quarter. Finally, Wesbanco Bank Inc. increased its holdings in shares of Union Pacific by 0.7% in the second quarter. Wesbanco Bank Inc. now owns 27,543 shares of the railroad operator’s stock valued at $6,337,000 after purchasing an additional 183 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.
Union Pacific Trading Down 0.6%
UNP stock opened at $214.73 on Monday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. The company’s 50-day simple moving average is $224.46 and its 200 day simple moving average is $225.79. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $256.84. The company has a market capitalization of $127.34 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 2.09 and a beta of 1.03.
Union Pacific Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be given a dividend of $1.38 per share. This is a positive change from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, August 29th. Union Pacific’s dividend payout ratio (DPR) is currently 47.96%.
Analysts Set New Price Targets
Several equities analysts have commented on the stock. Raymond James Financial reiterated a “strong-buy” rating on shares of Union Pacific in a report on Tuesday, July 15th. Susquehanna decreased their price objective on shares of Union Pacific from $260.00 to $257.00 and set a “positive” rating on the stock in a report on Wednesday, July 30th. Evercore ISI decreased their price objective on shares of Union Pacific from $244.00 to $238.00 and set an “in-line” rating on the stock in a report on Friday, July 25th. Baird R W upgraded shares of Union Pacific to a “hold” rating in a report on Tuesday, July 1st. Finally, Wells Fargo & Company upped their price objective on shares of Union Pacific from $250.00 to $260.00 and gave the company an “overweight” rating in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Union Pacific presently has a consensus rating of “Moderate Buy” and a consensus target price of $258.21.
Check Out Our Latest Report on UNP
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.
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