Angeles Wealth Management LLC Purchases 111 Shares of Union Pacific Corporation (NYSE:UNP)

Angeles Wealth Management LLC increased its position in Union Pacific Corporation (NYSE:UNP) by 1.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,650 shares of the railroad operator’s stock after acquiring an additional 111 shares during the period. Angeles Wealth Management LLC’s holdings in Union Pacific were worth $1,571,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Highline Wealth Partners LLC increased its holdings in Union Pacific by 103.5% in the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator’s stock worth $27,000 after buying an additional 59 shares in the last quarter. EnRich Financial Partners LLC purchased a new stake in shares of Union Pacific during the 4th quarter valued at about $31,000. Financial Gravity Asset Management Inc. bought a new stake in shares of Union Pacific in the first quarter worth approximately $32,000. Cornerstone Planning Group LLC grew its stake in shares of Union Pacific by 50.5% in the first 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 period. Finally, Strategic Investment Solutions Inc. IL raised its holdings in shares of Union Pacific by 38.8% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator’s stock valued at $39,000 after purchasing an additional 45 shares during the last quarter. 80.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on UNP shares. Citigroup raised their target price on shares of Union Pacific from $244.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. The Goldman Sachs Group restated a “neutral” rating and issued a $263.00 price target on shares of Union Pacific in a research note on Monday, June 2nd. Morgan Stanley cut their price objective on Union Pacific from $220.00 to $215.00 and set an “equal weight” rating for the company in a report on Monday, July 7th. Stephens lowered their target price on Union Pacific from $275.00 to $255.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. Finally, Baird R W raised Union Pacific to a “hold” rating in a research report on Tuesday, July 1st. One analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $259.46.

Union Pacific Stock Performance

NYSE:UNP opened at $224.71 on Friday. The stock has a 50-day moving average price of $227.17 and a 200 day moving average price of $231.03. The stock has a market capitalization of $134.26 billion, a P/E ratio of 19.52, a P/E/G ratio of 2.20 and a beta of 1.05. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $258.07. The company has a current ratio of 0.65, a quick ratio of 0.61 and a debt-to-equity ratio of 1.86.

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

Union Pacific Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.46%. This is a boost from Union Pacific’s previous quarterly dividend of $1.34. The ex-dividend date of this dividend is Friday, August 29th. Union Pacific’s dividend payout ratio (DPR) is presently 48.29%.

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.