Concurrent Investment Advisors LLC Boosts Stock Holdings in Union Pacific Corporation $UNP

Concurrent Investment Advisors LLC raised its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 12.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 22,684 shares of the railroad operator’s stock after acquiring an additional 2,503 shares during the period. Concurrent Investment Advisors LLC’s holdings in Union Pacific were worth $5,219,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in shares of Union Pacific by 16.8% during the first quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator’s stock worth $2,491,000 after purchasing an additional 1,520 shares during the period. Azzad Asset Management Inc. ADV purchased a new stake in shares of Union Pacific during the first quarter worth about $2,149,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Union Pacific by 12.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 162,314 shares of the railroad operator’s stock worth $38,345,000 after purchasing an additional 18,453 shares during the period. Hennessy Advisors Inc. purchased a new stake in shares of Union Pacific during the first quarter worth about $2,717,000. Finally, Grant Private Wealth Management Inc purchased a new stake in shares of Union Pacific during the first quarter worth about $204,000. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on UNP shares. Evercore ISI dropped their target price on shares of Union Pacific from $244.00 to $238.00 and set an “in-line” rating for the company in a report on Friday, July 25th. Loop Capital upgraded shares of Union Pacific from a “sell” rating to a “hold” rating and increased their target price for the stock from $214.00 to $227.00 in a report on Tuesday, September 16th. Jefferies Financial Group upgraded shares of Union Pacific from a “hold” rating to a “buy” rating and raised their price objective for the stock from $250.00 to $285.00 in a report on Friday, July 25th. Weiss Ratings restated a “hold (c+)” rating on shares of Union Pacific in a report on Wednesday, October 8th. Finally, BMO Capital Markets raised their price objective on shares of Union Pacific from $270.00 to $277.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $261.08.

Union Pacific Price Performance

Shares of NYSE UNP opened at $225.54 on Monday. 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 50 day simple moving average of $224.45 and a two-hundred day simple moving average of $224.30. The company has a market capitalization of $133.77 billion, a price-to-earnings ratio of 19.60, a P/E/G ratio of 2.34 and a beta of 1.07. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, beating 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 business had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.09 billion. During the same quarter last year, the firm earned $2.74 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. Analysts expect that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th were paid 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 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, August 29th. Union Pacific’s payout ratio is 47.96%.

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.