NewEdge Wealth LLC Boosts Position in Union Pacific Corporation $UNP

NewEdge Wealth LLC raised its position in Union Pacific Corporation (NYSE:UNP) by 1.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 124,096 shares of the railroad operator’s stock after acquiring an additional 2,177 shares during the quarter. NewEdge Wealth LLC’s holdings in Union Pacific were worth $30,108,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tucker Asset Management LLC purchased a new stake in shares of Union Pacific during the 4th quarter valued at about $25,000. SWAN Capital LLC lifted its stake in shares of Union Pacific by 2,575.0% in the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock worth $25,000 after purchasing an additional 103 shares during the period. Rachor Investment Advisory Services LLC purchased a new position in shares of Union Pacific in the fourth quarter worth approximately $25,000. High Point Wealth Management LLC purchased a new position in shares of Union Pacific in the fourth quarter worth approximately $26,000. Finally, Scarborough Advisors LLC bought a new stake in Union Pacific during the first quarter valued at approximately $27,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Trading Down 0.3%

Shares of NYSE:UNP opened at $292.15 on Thursday. The stock has a 50 day moving average of $273.68 and a 200 day moving average of $257.46. The company has a market cap of $173.45 billion, a PE ratio of 24.06, a price-to-earnings-growth ratio of 3.07 and a beta of 0.96. Union Pacific Corporation has a 12-month low of $210.84 and a 12-month high of $303.15. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.53.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, April 23rd. The railroad operator reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.07. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The company had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.12 billion. During the same quarter last year, the business earned $2.70 EPS. The firm’s revenue was up 3.2% compared to the same quarter last year. As a group, equities research analysts expect that Union Pacific Corporation will post 12.62 EPS for the current year.

Union Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th were paid a $1.38 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.9%. Union Pacific’s dividend payout ratio is 45.47%.

Insider Transactions at Union Pacific

In other Union Pacific news, EVP Kenyatta G. Rocker sold 27,387 shares of the stock in a transaction on Friday, April 24th. The stock was sold at an average price of $271.76, for a total value of $7,442,691.12. Following the completion of the sale, the executive vice president owned 61,102 shares in the company, valued at approximately $16,605,079.52. This represents a 30.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Jennifer L. Hamann sold 2,000 shares of the firm’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $274.70, for a total value of $549,400.00. Following the sale, the chief financial officer directly owned 114,642 shares in the company, valued at approximately $31,492,157.40. This represents a 1.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 32,378 shares of company stock valued at $8,781,595 over the last three months. Corporate insiders own 0.22% of the company’s stock.

Union Pacific News Roundup

Here are the key news stories impacting Union Pacific this week:

• Positive Sentiment: Union Pacific and CN announced a binding agreement tied to Union Pacific’s proposed Norfolk Southern merger, including expanded operating rights in Chicago and new access routes that could improve network efficiency and customer service. The deal may help support regulatory approval by addressing competitive access concerns and could create longer-term synergies if the merger goes through. Union Pacific and CN Reach Agreement to Expand Customer Opportunities in Connection with Merger
• Positive Sentiment: The agreement also gives Union Pacific expanded operating rights over CN’s EJ&E corridor in Chicago, which CEO Jim Vena said offers a faster route around the city and may improve rail flow, reliability, and operating efficiency. Union Pacific and CN Announce Agreement to Improve North American Rail Connectivity
• Neutral Sentiment: CN will not oppose the proposed Union Pacific-Norfolk Southern transaction and both companies will work through the Surface Transportation Board process, leaving some execution and approval risk until regulators make a decision. Union Pacific and CN Announce Agreement to Improve North American Rail Connectivity
• Neutral Sentiment: Union Pacific is also due to report second-quarter earnings, which may keep investor focus on whether the company can back up the merger optimism with solid near-term financial results. Union Pacific to post Q2 earnings amid merger push

Wall Street Analyst Weigh In

A number of brokerages have commented on UNP. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $289.00 target price (up from $273.00) on shares of Union Pacific in a report on Friday, April 24th. Citizens Jmp initiated coverage on shares of Union Pacific in a research note on Wednesday, July 15th. They set an “outperform” rating and a $350.00 price target on the stock. Weiss Ratings cut shares of Union Pacific from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Raymond James Financial reissued a “strong-buy” rating on shares of Union Pacific in a research report on Monday, July 13th. Finally, Barclays restated an “overweight” rating and issued a $315.00 price objective (up from $285.00) on shares of Union Pacific in a research note on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $299.11.

Union Pacific Company Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.