NewEdge Advisors LLC Has $19.81 Million Position in Union Pacific Co. (NYSE:UNP)

NewEdge Advisors LLC raised its stake in Union Pacific Co. (NYSE:UNP) by 11.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 87,566 shares of the railroad operator’s stock after buying an additional 8,650 shares during the period. NewEdge Advisors LLC’s holdings in Union Pacific were worth $19,813,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. BNP Paribas bought a new stake in shares of Union Pacific in the first quarter valued at about $1,088,000. Envestnet Portfolio Solutions Inc. lifted its position in Union Pacific by 19.0% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 126,369 shares of the railroad operator’s stock worth $31,078,000 after purchasing an additional 20,173 shares during the period. Shellback Capital LP lifted its position in Union Pacific by 28.2% during the second quarter. Shellback Capital LP now owns 20,000 shares of the railroad operator’s stock worth $4,525,000 after purchasing an additional 4,400 shares during the period. M&G Plc bought a new stake in Union Pacific during the first quarter worth about $10,378,000. Finally, Kestra Advisory Services LLC lifted its position in Union Pacific by 13.6% during the first quarter. Kestra Advisory Services LLC now owns 90,758 shares of the railroad operator’s stock worth $22,320,000 after purchasing an additional 10,876 shares during the period. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Union Pacific

In other news, President Elizabeth F. Whited sold 3,552 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total transaction of $875,887.68. Following the completion of the sale, the president now owns 64,945 shares of the company’s stock, valued at approximately $16,014,787.55. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.28% of the company’s stock.

Union Pacific Stock Performance

NYSE:UNP opened at $244.22 on Monday. The company has a market capitalization of $149.00 billion, a PE ratio of 23.30, a P/E/G ratio of 2.26 and a beta of 1.05. Union Pacific Co. has a fifty-two week low of $199.33 and a fifty-two week high of $258.66. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 1.05. The company has a 50 day simple moving average of $245.80 and a two-hundred day simple moving average of $238.82.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 25th. The railroad operator reported $2.74 EPS for the quarter, topping the consensus estimate of $2.71 by $0.03. The company had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $6.05 billion. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm posted $2.57 EPS. Research analysts anticipate that Union Pacific Co. will post 11.11 earnings per share for the current year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be given a dividend of $1.34 per share. This is an increase from Union Pacific’s previous quarterly dividend of $1.30. The ex-dividend date is Friday, August 30th. This represents a $5.36 annualized dividend and a dividend yield of 2.19%. Union Pacific’s dividend payout ratio (DPR) is 51.15%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on UNP shares. Benchmark reaffirmed a “buy” rating and set a $266.00 price objective on shares of Union Pacific in a research report on Monday, July 29th. Stifel Nicolaus dropped their target price on shares of Union Pacific from $267.00 to $265.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Sanford C. Bernstein dropped their target price on shares of Union Pacific from $290.00 to $273.00 and set an “outperform” rating for the company in a report on Monday, July 8th. Wells Fargo & Company started coverage on shares of Union Pacific in a report on Friday, June 7th. They issued an “overweight” rating and a $270.00 target price for the company. Finally, Bank of America dropped their target price on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Seven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $258.11.

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.