Axxcess Wealth Management LLC Has $5.40 Million Position in Union Pacific Corporation $UNP

Axxcess Wealth Management LLC lifted its holdings in Union Pacific Corporation (NYSE:UNP) by 18.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 22,860 shares of the railroad operator’s stock after purchasing an additional 3,635 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Union Pacific were worth $5,403,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Union Pacific in the 2nd quarter valued at about $1,856,340,000. Fisher Asset Management LLC grew its holdings in shares of Union Pacific by 0.7% during the second quarter. Fisher Asset Management LLC now owns 6,398,715 shares of the railroad operator’s stock worth $1,472,217,000 after buying an additional 46,436 shares in the last quarter. Amundi raised its position in Union Pacific by 35.6% in the 2nd quarter. Amundi now owns 4,782,577 shares of the railroad operator’s stock valued at $1,134,236,000 after buying an additional 1,255,231 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Union Pacific by 32.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,152,042 shares of the railroad operator’s stock valued at $725,222,000 after acquiring an additional 778,411 shares in the last quarter. Finally, Laurel Wealth Advisors LLC lifted its stake in Union Pacific by 22,618.2% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,624,636 shares of the railroad operator’s stock valued at $603,876,000 after acquiring an additional 2,613,083 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on UNP. TD Cowen reduced their target price on shares of Union Pacific from $257.00 to $255.00 and set a “buy” rating for the company in a report on Wednesday, January 28th. Royal Bank Of Canada set a $280.00 price objective on shares of Union Pacific in a research note on Thursday, December 18th. JPMorgan Chase & Co. lowered their target price on Union Pacific from $270.00 to $265.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 28th. Barclays reissued an “overweight” rating and set a $285.00 price target (up from $270.00) on shares of Union Pacific in a research report on Tuesday, December 16th. Finally, Weiss Ratings raised Union Pacific from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $258.32.

Union Pacific Stock Up 0.7%

UNP stock opened at $264.67 on Thursday. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $265.37. The business’s 50 day simple moving average is $238.15 and its 200 day simple moving average is $229.47. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 1.64. The firm has a market capitalization of $157.05 billion, a PE ratio of 22.11, a PEG ratio of 2.87 and a beta of 0.98.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Tuesday, January 27th. The railroad operator reported $2.86 EPS for the quarter, missing the consensus estimate of $2.92 by ($0.06). The company had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.15 billion. Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. Union Pacific’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.91 earnings per share. As a group, research analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be given a dividend of $1.38 per share. The ex-dividend date is Friday, February 27th. This represents a $5.52 annualized dividend and a yield of 2.1%. Union Pacific’s dividend payout ratio (DPR) is 46.12%.

Union Pacific 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.