Bill Few Associates Inc. Boosts Position in Union Pacific Corporation $UNP

Bill Few Associates Inc. raised its stake in shares of Union Pacific Corporation (NYSE:UNP) by 14.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,575 shares of the railroad operator’s stock after purchasing an additional 330 shares during the period. Bill Few Associates Inc.’s holdings in Union Pacific were worth $592,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC grew its holdings in Union Pacific by 5.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 84,008 shares of the railroad operator’s stock valued at $19,790,000 after purchasing an additional 4,256 shares during the period. Advocate Group LLC grew its holdings in Union Pacific by 1.4% during the second quarter. Advocate Group LLC now owns 34,126 shares of the railroad operator’s stock valued at $7,852,000 after purchasing an additional 477 shares during the period. OFI Invest Asset Management grew its holdings in Union Pacific by 7.1% during the second quarter. OFI Invest Asset Management now owns 182,455 shares of the railroad operator’s stock valued at $41,979,000 after purchasing an additional 12,067 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in Union Pacific by 4.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 74,002 shares of the railroad operator’s stock valued at $17,030,000 after purchasing an additional 2,965 shares during the period. Finally, Sather Financial Group Inc grew its holdings in Union Pacific by 5.5% during the second quarter. Sather Financial Group Inc now owns 99,615 shares of the railroad operator’s stock valued at $22,919,000 after purchasing an additional 5,167 shares during the period. Institutional investors own 80.38% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Jefferies Financial Group raised Union Pacific from a “hold” rating to a “buy” rating and boosted their price target for the company from $250.00 to $285.00 in a report on Friday, July 25th. Evercore ISI cut their price target on Union Pacific from $244.00 to $238.00 and set an “in-line” rating for the company in a report on Friday, July 25th. Susquehanna reissued a “positive” rating and set a $272.00 price target (up previously from $257.00) on shares of Union Pacific in a report on Thursday, September 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of Union Pacific in a report on Wednesday, October 8th. Finally, UBS Group set a $253.00 price target on Union Pacific and gave the company a “neutral” rating in a report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $261.08.

Union Pacific Stock Performance

NYSE UNP opened at $225.54 on Monday. The firm has a market cap of $133.77 billion, a price-to-earnings ratio of 19.60, a price-to-earnings-growth ratio of 2.34 and a beta of 1.07. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. The business has a 50-day moving average price of $224.45 and a 200-day moving average price of $224.30. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84.

Union Pacific (NYSE:UNP) last released its quarterly earnings data 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 firm had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.74 earnings per share. As a group, equities research analysts predict that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 29th were paid a dividend of $1.38 per share. The ex-dividend date of this dividend was Friday, August 29th. This is a boost from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 dividend on an annualized basis and a yield of 2.4%. Union Pacific’s dividend payout ratio is currently 47.96%.

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.