Union Pacific Corporation $UNP Shares Sold by Wealthspire Advisors LLC

Wealthspire Advisors LLC decreased its position in Union Pacific Corporation (NYSE:UNP) by 20.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,724 shares of the railroad operator’s stock after selling 5,668 shares during the period. Wealthspire Advisors LLC’s holdings in Union Pacific were worth $5,228,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in UNP. CBIZ Investment Advisory Services LLC increased its position in 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 valued at $28,000 after acquiring an additional 112 shares during the period. Financial Gravity Companies Inc. bought a new position in shares of Union Pacific in the second quarter worth $31,000. Access Investment Management LLC acquired a new position in shares of Union Pacific during the second quarter valued at $32,000. WPG Advisers LLC bought a new stake in shares of Union Pacific during the first quarter valued at about $33,000. Finally, GFG Capital LLC bought a new stake in shares of Union Pacific during the second quarter valued at about $38,000. Institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Down 0.0%

UNP stock opened at $220.97 on Wednesday. The firm has a market cap of $131.07 billion, a PE ratio of 18.77, a P/E/G ratio of 2.27 and a beta of 1.04. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.75 and a quick ratio of 0.60. The firm has a 50 day simple moving average of $224.36 and a 200 day simple moving average of $224.79.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $0.09. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The firm had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6.24 billion. During the same quarter in the previous year, the business posted $2.75 earnings per share. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. Equities research analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 5th will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.5%. Union Pacific’s payout ratio is 46.90%.

Analysts Set New Price Targets

UNP has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their target price on shares of Union Pacific from $265.00 to $267.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. UBS Group set a $253.00 price objective on shares of Union Pacific and gave the company a “neutral” rating in a report on Friday, October 3rd. BMO Capital Markets lowered their price objective on shares of Union Pacific from $277.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, October 24th. Cowen restated a “buy” rating on shares of Union Pacific in a research report on Friday, October 24th. Finally, The Goldman Sachs Group set a $263.00 price target on Union Pacific and gave the company a “neutral” rating in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $261.63.

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.