Drake & Associates LLC Purchases 94 Shares of Union Pacific Corporation $UNP

Drake & Associates LLC lifted its position in Union Pacific Corporation (NYSE:UNP) by 9.9% during the second quarter, Holdings Channel reports. The institutional investor owned 1,046 shares of the railroad operator’s stock after buying an additional 94 shares during the quarter. Drake & Associates LLC’s holdings in Union Pacific were worth $241,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Highline Wealth Partners LLC grew its holdings in Union Pacific by 103.5% in the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator’s stock worth $27,000 after purchasing an additional 59 shares during the last quarter. CBIZ Investment Advisory Services LLC boosted its position 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 purchasing an additional 112 shares in the last quarter. Financial Gravity Asset Management Inc. purchased a new position in Union Pacific during the 1st quarter worth $32,000. WPG Advisers LLC acquired a new position in Union Pacific during the 1st quarter valued at about $33,000. Finally, Cornerstone Planning Group LLC increased its position in Union Pacific by 50.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock valued at $37,000 after buying an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Trading Up 0.2%

Shares of Union Pacific stock opened at $237.33 on Tuesday. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. The stock has a market cap of $140.77 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 2.47 and a beta of 1.07. The firm has a fifty day moving average price of $223.83 and a 200 day moving average price of $224.46.

Union Pacific (NYSE:UNP) last announced 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 company had revenue of $6.15 billion for 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 last year, the firm earned $2.74 EPS. Equities research analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current 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 dividend of $1.38 per share. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a yield of 2.3%. The ex-dividend date was Friday, August 29th. Union Pacific’s dividend payout ratio (DPR) is 47.96%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on UNP. Wells Fargo & Company boosted their price target on Union Pacific from $250.00 to $260.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. UBS Group set a $253.00 target price on shares of Union Pacific and gave the stock a “neutral” rating in a research report on Friday. Susquehanna reaffirmed a “positive” rating and issued a $272.00 price target (up previously from $257.00) on shares of Union Pacific in a report on Thursday, September 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Union Pacific in a research note on Saturday, September 27th. Finally, Argus lowered Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, August 12th. 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 data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.