Proficio Capital Partners LLC Makes New Investment in Union Pacific Corporation $UNP

Proficio Capital Partners LLC purchased a new position in Union Pacific Corporation (NYSE:UNPFree Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,633 shares of the railroad operator’s stock, valued at approximately $716,000.

Several other hedge funds also recently made changes to their positions in the stock. Acadian Asset Management LLC raised its stake in shares of Union Pacific by 40.4% during the 1st quarter. Acadian Asset Management LLC now owns 2,312 shares of the railroad operator’s stock valued at $546,000 after purchasing an additional 665 shares during the period. Schnieders Capital Management LLC. boosted its stake in Union Pacific by 0.5% in the 2nd quarter. Schnieders Capital Management LLC. now owns 20,606 shares of the railroad operator’s stock worth $4,741,000 after purchasing an additional 102 shares during the period. Main Street Financial Solutions LLC boosted its stake in Union Pacific by 1.6% in the 2nd quarter. Main Street Financial Solutions LLC now owns 3,733 shares of the railroad operator’s stock worth $859,000 after purchasing an additional 58 shares during the period. HUB Investment Partners LLC grew its holdings in Union Pacific by 10.0% during the 2nd quarter. HUB Investment Partners LLC now owns 6,091 shares of the railroad operator’s stock valued at $1,401,000 after buying an additional 554 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in Union Pacific by 7.4% during the 2nd quarter. Alliancebernstein L.P. now owns 1,528,426 shares of the railroad operator’s stock valued at $351,660,000 after buying an additional 105,664 shares in the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Price Performance

Union Pacific stock opened at $290.29 on Wednesday. The stock has a market cap of $172.46 billion, a price-to-earnings ratio of 23.51, a PEG ratio of 2.99 and a beta of 0.96. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. The business has a 50-day simple moving average of $292.52 and a 200 day simple moving average of $270.39. Union Pacific Corporation has a 52 week low of $210.84 and a 52 week high of $315.99.

Union Pacific (NYSE:UNPGet Free Report) last released its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, beating the consensus estimate of $3.26 by $0.15. The firm had revenue of $6.86 billion for the quarter, compared to analysts’ expectations of $6.72 billion. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The company’s revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the firm posted $3.03 EPS. On average, research analysts forecast that Union Pacific Corporation will post 13.02 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be paid a $1.42 dividend. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. This represents a $5.68 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Monday, August 31st. Union Pacific’s payout ratio is 45.99%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on UNP shares. Evercore reissued an “outperform” rating and issued a $294.00 price target on shares of Union Pacific in a report on Thursday, June 25th. Robert W. Baird boosted their price objective on shares of Union Pacific from $311.00 to $344.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. JPMorgan Chase & Co. boosted their price objective on shares of Union Pacific from $304.00 to $334.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Erste Group Bank assumed coverage on shares of Union Pacific in a report on Thursday, August 27th. They set a “buy” rating on the stock. Finally, Barclays reiterated an “overweight” rating and issued a $350.00 target price (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $320.89.

Check Out Our Latest Research Report on Union Pacific

About Union Pacific

(Free Report)

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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