Eagle Global Advisors LLC Has $8.42 Million Position in Union Pacific Corporation $UNP

Eagle Global Advisors LLC reduced its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 2.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,604 shares of the railroad operator’s stock after selling 770 shares during the period. Eagle Global Advisors LLC’s holdings in Union Pacific were worth $8,422,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC boosted its position in Union Pacific by 103.5% in the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator’s stock valued at $27,000 after buying an additional 59 shares in the last quarter. CBIZ Investment Advisory Services LLC boosted its position in Union Pacific by 1,400.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock valued at $28,000 after buying an additional 112 shares in the last quarter. Financial Gravity Asset Management Inc. acquired a new position in Union Pacific in the first quarter valued at about $32,000. WPG Advisers LLC acquired a new position in Union Pacific in the first quarter valued at about $33,000. Finally, Cornerstone Planning Group LLC boosted its position in Union Pacific by 50.5% in the first 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. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Trading Up 1.4%

UNP opened at $235.14 on Friday. 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 company has a market cap of $139.45 billion, a price-to-earnings ratio of 20.43, a price-to-earnings-growth ratio of 2.42 and a beta of 1.03. The firm has a 50 day simple moving average of $222.73 and a 200 day simple moving average of $224.63. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84.

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 analysts’ consensus estimates 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 net margin of 28.43% and a return on equity of 41.73%. Union Pacific’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.74 earnings per share. On average, sell-side analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 2.3%. This is a positive change from Union Pacific’s previous quarterly dividend of $1.34. The ex-dividend date of this dividend is Friday, August 29th. Union Pacific’s payout ratio is presently 47.96%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on UNP. Baird R W upgraded shares of Union Pacific to a “hold” rating in a research report on Tuesday, July 1st. Jefferies Financial Group upgraded shares of Union Pacific from a “hold” rating to a “buy” rating and upped their target price for the stock from $250.00 to $285.00 in a research report on Friday, July 25th. Wells Fargo & Company upped their target price on shares of Union Pacific from $250.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Evercore ISI reduced their target price on shares of Union Pacific from $244.00 to $238.00 and set an “in-line” rating on the stock in a research report on Friday, July 25th. Finally, Susquehanna reiterated a “positive” rating and set a $272.00 target price (up from $257.00) on shares of Union Pacific in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $260.00.

Union Pacific Company 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.