Aviso Wealth Management Raises Stock Holdings in Union Pacific Co. (NYSE:UNP)

Aviso Wealth Management increased its position in Union Pacific Co. (NYSE:UNP) by 17.1% in the second quarter, HoldingsChannel.com reports. The fund owned 1,499 shares of the railroad operator’s stock after buying an additional 219 shares during the period. Aviso Wealth Management’s holdings in Union Pacific were worth $339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas purchased a new position in shares of Union Pacific during the 1st quarter valued at about $1,088,000. Envestnet Portfolio Solutions Inc. raised its stake in shares of Union Pacific by 19.0% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 126,369 shares of the railroad operator’s stock valued at $31,078,000 after buying an additional 20,173 shares during the last quarter. Shellback Capital LP raised its stake in shares of Union Pacific by 28.2% during the 2nd quarter. Shellback Capital LP now owns 20,000 shares of the railroad operator’s stock valued at $4,525,000 after buying an additional 4,400 shares during the last quarter. M&G Plc purchased a new position in shares of Union Pacific during the 1st quarter valued at about $10,378,000. Finally, Kestra Advisory Services LLC raised its stake in shares of Union Pacific by 13.6% during the 1st quarter. Kestra Advisory Services LLC now owns 90,758 shares of the railroad operator’s stock valued at $22,320,000 after buying an additional 10,876 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on UNP shares. Evercore ISI lowered Union Pacific from an “outperform” rating to an “inline” rating and reduced their price objective for the company from $254.00 to $247.00 in a research note on Wednesday. Royal Bank of Canada reiterated an “outperform” rating and set a $275.00 price objective on shares of Union Pacific in a research note on Friday, September 20th. TD Cowen dropped their target price on Union Pacific from $259.00 to $255.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. Daiwa America cut Union Pacific from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Finally, Wells Fargo & Company began coverage on Union Pacific in a research report on Friday, June 7th. They set an “overweight” rating and a $270.00 target price on the stock. Seven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $258.11.

Insider Transactions at Union Pacific

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

Union Pacific Trading Up 0.4 %

UNP stock opened at $244.22 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89. Union Pacific Co. has a 12-month low of $199.33 and a 12-month high of $258.66. The stock has a market cap of $148.78 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 2.26 and a beta of 1.05. The business’s 50-day moving average is $245.80 and its 200 day moving average is $238.89.

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

Union Pacific Increases Dividend

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

About Union Pacific

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.