PUREfi Wealth LLC Decreases Stock Holdings in Union Pacific Corporation $UNP

PUREfi Wealth LLC decreased its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 3.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,304 shares of the railroad operator’s stock after selling 81 shares during the period. PUREfi Wealth LLC’s holdings in Union Pacific were worth $530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in UNP. Highline Wealth Partners LLC raised its stake in 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 purchasing an additional 59 shares during the last quarter. CBIZ Investment Advisory Services LLC increased its stake 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 worth $28,000 after acquiring an additional 112 shares during the last quarter. Financial Gravity Asset Management Inc. acquired a new stake in shares of Union Pacific in the 1st quarter worth $32,000. WPG Advisers LLC acquired a new stake in shares of Union Pacific in the 1st quarter worth $33,000. Finally, Cornerstone Planning Group LLC increased its stake in shares of Union Pacific by 50.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock worth $37,000 after acquiring an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Performance

Shares of UNP opened at $236.60 on Monday. The stock has a 50-day simple moving average of $223.67 and a 200-day simple moving average of $224.44. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. The stock has a market capitalization of $140.33 billion, a PE ratio of 20.56, a PEG ratio of 2.47 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.

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

Union Pacific Increases Dividend

The business 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. This represents a $5.52 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, August 29th. This is a boost from Union Pacific’s previous quarterly dividend of $1.34. Union Pacific’s dividend payout ratio (DPR) is 47.96%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Loop Capital raised Union Pacific from a “sell” rating to a “hold” rating and raised their target price for the stock from $214.00 to $227.00 in a research note on Tuesday, September 16th. Royal Bank Of Canada raised their target price on Union Pacific from $257.00 to $276.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Union Pacific in a research note on Saturday, September 27th. Argus downgraded Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, August 12th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of Union Pacific in a research report on Tuesday, July 15th. One equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $260.54.

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.