Checchi Capital Advisers LLC Has $1.35 Million Position in Union Pacific Corporation $UNP

Checchi Capital Advisers LLC cut its position in Union Pacific Corporation (NYSE:UNP) by 1.8% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 5,874 shares of the railroad operator’s stock after selling 108 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Union Pacific were worth $1,352,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Highline Wealth Partners LLC raised its position in shares of Union Pacific by 103.5% in the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator’s stock valued at $27,000 after buying an additional 59 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its position in shares of Union Pacific by 1,400.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock valued at $28,000 after buying an additional 112 shares in the last quarter. Financial Gravity Asset Management Inc. bought a new stake in shares of Union Pacific during the 1st quarter valued at approximately $32,000. WPG Advisers LLC bought a new stake in shares of Union Pacific during the 1st quarter valued at approximately $33,000. Finally, Cornerstone Planning Group LLC grew its holdings in shares of Union Pacific by 50.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock valued at $37,000 after purchasing an additional 56 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Trading Up 0.9%

UNP opened at $236.60 on Friday. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week 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. The firm has a market capitalization of $140.33 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 2.47 and a beta of 1.07. The company’s 50 day moving average price is $223.67 and its two-hundred day moving average price is $224.51.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The firm had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same period in the previous year, the firm posted $2.74 EPS. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, research analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

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

Analyst Upgrades and Downgrades

UNP has been the topic of several research reports. Wells Fargo & Company lifted their price target 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. Baird R W raised shares of Union Pacific to a “hold” rating in a report on Tuesday, July 1st. Loop Capital raised shares of Union Pacific from a “sell” rating to a “hold” rating and lifted their price target for the company from $214.00 to $227.00 in a report on Tuesday, September 16th. Royal Bank Of Canada lifted their price target on shares of Union Pacific from $257.00 to $276.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Finally, Robert W. Baird initiated coverage on shares of Union Pacific in a report on Tuesday, July 1st. They set a “neutral” rating and a $231.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $260.54.

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.