Keudell Morrison Wealth Management Buys 623 Shares of Union Pacific Corporation $UNP

Keudell Morrison Wealth Management boosted its stake in Union Pacific Corporation (NYSE:UNP) by 30.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,680 shares of the railroad operator’s stock after acquiring an additional 623 shares during the period. Keudell Morrison Wealth Management’s holdings in Union Pacific were worth $617,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Beacon Financial Advisory LLC bought a new stake in Union Pacific in the second quarter valued at approximately $216,000. Simplicity Wealth LLC boosted its holdings in Union Pacific by 101.8% in the second quarter. Simplicity Wealth LLC now owns 15,946 shares of the railroad operator’s stock valued at $3,669,000 after acquiring an additional 8,046 shares during the last quarter. OLD National Bancorp IN boosted its holdings in Union Pacific by 2.5% in the second quarter. OLD National Bancorp IN now owns 27,540 shares of the railroad operator’s stock valued at $6,336,000 after acquiring an additional 666 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in Union Pacific by 40.8% in the second quarter. Wealthcare Advisory Partners LLC now owns 5,007 shares of the railroad operator’s stock valued at $1,152,000 after acquiring an additional 1,452 shares during the last quarter. Finally, O Keefe Stevens Advisory Inc. boosted its holdings in Union Pacific by 13.0% in the second quarter. O Keefe Stevens Advisory Inc. now owns 26,132 shares of the railroad operator’s stock valued at $6,012,000 after acquiring an additional 3,000 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Evercore ISI cut their price target on Union Pacific from $244.00 to $238.00 and set an “in-line” rating on the stock in a report on Friday, July 25th. Barclays cut Union Pacific from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 30th. Robert W. Baird assumed coverage on Union Pacific in a report on Tuesday, July 1st. They set a “neutral” rating and a $231.00 price target on the stock. Baird R W upgraded Union Pacific to a “hold” rating in a report on Tuesday, July 1st. Finally, Loop Capital upgraded Union Pacific from a “sell” rating to a “hold” rating and increased their price target for the stock from $214.00 to $227.00 in a report on Tuesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, Union Pacific presently has an average rating of “Moderate Buy” and a consensus price target of $260.54.

Union Pacific Price Performance

Shares of UNP opened at $236.60 on Friday. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84. The business’s fifty day moving average is $223.67 and its 200 day moving average is $224.51. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. The stock has a market cap of $140.33 billion, a P/E ratio of 20.56, a P/E/G ratio of 2.47 and a beta of 1.07.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.19. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The company had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $6.09 billion. During the same period last year, the business earned $2.74 EPS. Union Pacific’s quarterly revenue was up 2.4% compared to the same quarter last year. Sell-side analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

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

About Union Pacific

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.