Broadway Wealth Solutions Inc. Acquires 65 Shares of Union Pacific Corporation $UNP

Broadway Wealth Solutions Inc. lifted its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 5.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,209 shares of the railroad operator’s stock after purchasing an additional 65 shares during the quarter. Broadway Wealth Solutions Inc.’s holdings in Union Pacific were worth $278,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in UNP. LGT Group Foundation increased its stake in Union Pacific by 9.7% in the first quarter. LGT Group Foundation now owns 5,398 shares of the railroad operator’s stock valued at $1,275,000 after acquiring an additional 477 shares during the last quarter. Nuveen LLC bought a new position in Union Pacific in the first quarter valued at approximately $988,822,000. SlateStone Wealth LLC increased its stake in Union Pacific by 6.2% in the first quarter. SlateStone Wealth LLC now owns 13,264 shares of the railroad operator’s stock valued at $3,133,000 after acquiring an additional 772 shares during the last quarter. Meadow Creek Wealth Advisors LLC increased its stake in Union Pacific by 10.9% in the first quarter. Meadow Creek Wealth Advisors LLC now owns 3,666 shares of the railroad operator’s stock valued at $866,000 after acquiring an additional 359 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Union Pacific by 16.8% in the first quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator’s stock valued at $2,491,000 after acquiring an additional 1,520 shares during the last quarter. 80.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. UBS Group lifted their price objective on shares of Union Pacific from $238.00 to $240.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Citigroup upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating and raised their target price for the company from $250.00 to $251.00 in a research report on Monday, September 15th. Evercore ISI cut their target price on shares of Union Pacific from $244.00 to $238.00 and set an “in-line” rating on the stock in a research report on Friday, July 25th. Barclays lowered shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 30th. Finally, Loop Capital upgraded shares of Union Pacific from a “sell” rating to a “hold” rating and raised their target price for the company from $214.00 to $227.00 in a research report on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $260.00.

Union Pacific Price Performance

UNP stock opened at $236.40 on Wednesday. The firm has a market cap of $140.19 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 2.46 and a beta of 1.03. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84. The company’s fifty day simple moving average is $223.07 and its 200 day simple moving average is $224.54.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.19. The business had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. Union Pacific’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.74 earnings per share. On average, analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 29th were issued a $1.38 dividend. The ex-dividend date was Friday, August 29th. This is a positive change from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a yield of 2.3%. Union Pacific’s dividend payout ratio (DPR) is presently 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.