Oak Hill Wealth Advisors LLC Acquires Shares of 1,548 Union Pacific Corporation $UNP

Oak Hill Wealth Advisors LLC acquired a new stake in Union Pacific Corporation (NYSE:UNP) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,548 shares of the railroad operator’s stock, valued at approximately $366,000.

Several other institutional investors and hedge funds have also modified their holdings of UNP. Nuveen LLC acquired a new position in shares of Union Pacific in the first quarter valued at about $988,822,000. Goldman Sachs Group Inc. grew its stake in shares of Union Pacific by 29.8% in the first quarter. Goldman Sachs Group Inc. now owns 3,699,109 shares of the railroad operator’s stock valued at $873,878,000 after acquiring an additional 850,025 shares in the last quarter. Auto Owners Insurance Co grew its stake in shares of Union Pacific by 61,054.6% in the first quarter. Auto Owners Insurance Co now owns 625,000 shares of the railroad operator’s stock valued at $147,650,000 after acquiring an additional 623,978 shares in the last quarter. Menora Mivtachim Holdings LTD. bought a new stake in Union Pacific during the first quarter worth about $115,096,000. Finally, Canada Pension Plan Investment Board lifted its position in Union Pacific by 10.8% during the first quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock worth $1,092,893,000 after purchasing an additional 452,788 shares during the period. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UNP has been the subject of several recent analyst reports. Robert W. Baird initiated coverage on shares of Union Pacific in a research report on Tuesday, July 1st. They set a “neutral” rating and a $231.00 price objective for the company. Jefferies Financial Group raised shares of Union Pacific from a “hold” rating to a “buy” rating and upped their price objective for the stock from $250.00 to $285.00 in a research report on Friday, July 25th. Citigroup raised shares of Union Pacific from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $250.00 to $251.00 in a research report on Monday, September 15th. Baird R W raised shares of Union Pacific to a “hold” rating in a research report on Tuesday, July 1st. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $260.54.

Union Pacific Stock Up 0.9%

Shares of NYSE UNP opened at $236.60 on Friday. The company has a 50 day simple moving average of $223.67 and a 200 day simple moving average of $224.59. The firm has a market cap of $140.33 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 2.44 and a beta of 1.07. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.19. The business had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the business earned $2.74 EPS. On average, research analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 29th were issued a $1.38 dividend. This is a boost from Union Pacific’s previous quarterly dividend of $1.34. The ex-dividend date was Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a yield of 2.3%. Union Pacific’s dividend payout ratio (DPR) is 47.96%.

Union Pacific Company 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.