5,143 Union Pacific Corporation $UNP Shares Bought by Peterson Wealth Services

Peterson Wealth Services grew its holdings in Union Pacific Corporation (NYSE:UNP) by 24.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,841 shares of the railroad operator’s stock after purchasing an additional 5,143 shares during the period. Union Pacific makes up 1.5% of Peterson Wealth Services’ portfolio, making the stock its 20th biggest position. Peterson Wealth Services’ holdings in Union Pacific were worth $7,032,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of UNP. Leo Wealth LLC purchased a new stake in Union Pacific in the 3rd quarter worth about $209,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in Union Pacific by 2.2% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 248,382 shares of the railroad operator’s stock worth $67,592,000 after acquiring an additional 5,275 shares during the period. Tower View Wealth Management LLC boosted its position in Union Pacific by 57.3% during the 3rd quarter. Tower View Wealth Management LLC now owns 6,603 shares of the railroad operator’s stock worth $1,797,000 after acquiring an additional 2,406 shares during the period. Kingswood Wealth Advisors LLC grew its stake in Union Pacific by 10.0% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 7,910 shares of the railroad operator’s stock valued at $2,153,000 after acquiring an additional 719 shares in the last quarter. Finally, Sigma Planning Corp grew its stake in Union Pacific by 28.4% during the 3rd quarter. Sigma Planning Corp now owns 5,560 shares of the railroad operator’s stock valued at $1,505,000 after acquiring an additional 1,231 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on UNP shares. Erste Group Bank began coverage on Union Pacific in a report on Thursday, August 27th. They issued a “buy” rating on the stock. Wells Fargo & Company reissued an “overweight” rating and issued a $335.00 price target (up from $315.00) on shares of Union Pacific in a research report on Friday, July 24th. Benchmark raised their price target on shares of Union Pacific from $325.00 to $335.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Barclays reaffirmed an “overweight” rating and set a $350.00 price objective (up from $315.00) on shares of Union Pacific in a research report on Friday, July 24th. Finally, Royal Bank Of Canada set a $328.00 price objective on shares of Union Pacific in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $325.78.

Union Pacific Price Performance

Shares of NYSE:UNP opened at $296.82 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 0.99 and a debt-to-equity ratio of 1.32. Union Pacific Corporation has a 1 year low of $215.53 and a 1 year high of $315.99. The business has a fifty day simple moving average of $287.48 and a 200 day simple moving average of $268.29. The firm has a market cap of $176.39 billion, a price-to-earnings ratio of 23.14, a P/E/G ratio of 2.89 and a beta of 0.95.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, October 22nd. The railroad operator reported $3.53 EPS for the quarter, beating analysts’ consensus estimates of $3.47 by $0.06. Union Pacific had a return on equity of 37.54% and a net margin of 28.90%. The firm had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $7.16 billion. During the same quarter in the previous year, the company posted $3.08 earnings per share. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. As a group, sell-side analysts predict that Union Pacific Corporation will post 13.13 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st were issued a dividend of $1.42 per share. The ex-dividend date was Monday, August 31st. This represents a $5.68 annualized dividend and a dividend yield of 1.9%. This is a positive change from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s dividend payout ratio is presently 44.27%.

Union Pacific Company Profile

Union Pacific Corporation (NYSE: UNP) is a transportation company that operates one of the largest freight railroad networks in the United States. Through its Union Pacific Railroad subsidiary, the company moves goods across the western two-thirds of the country, connecting major agricultural, industrial, energy, population and port markets.

Union Pacific transports a broad range of commodities and products, including agricultural goods, automotive shipments, chemicals, coal, industrial products, forest products and intermodal containers.