Capital Asset Advisory Services LLC Increases Stock Position in Union Pacific Corporation $UNP

Capital Asset Advisory Services LLC raised its holdings in Union Pacific Corporation (NYSE:UNP) by 3.5% during the 2nd quarter, Holdings Channel reports. The firm owned 12,641 shares of the railroad operator’s stock after purchasing an additional 431 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Union Pacific were worth $2,978,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Highline Wealth Partners LLC lifted its holdings in shares of Union Pacific by 103.5% in the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator’s stock valued at $27,000 after purchasing an additional 59 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Union Pacific by 1,400.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock valued at $28,000 after purchasing an additional 112 shares in the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in shares of Union Pacific in the first quarter valued at about $32,000. WPG Advisers LLC purchased a new stake in shares of Union Pacific during the first quarter worth about $33,000. Finally, Cornerstone Planning Group LLC grew its holdings in shares of Union Pacific by 50.5% during the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock worth $37,000 after buying an additional 56 shares in 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 brokerages have recently commented on UNP. Argus downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, August 12th. Robert W. Baird began coverage on shares of Union Pacific in a report on Tuesday, July 1st. They set a “neutral” rating and a $231.00 price target for the company. Royal Bank Of Canada lifted their price target on shares of Union Pacific from $257.00 to $276.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Baird R W upgraded shares of Union Pacific to a “hold” rating in a report on Tuesday, July 1st. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of Union Pacific in a report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $258.21.

Union Pacific Price Performance

Union Pacific stock opened at $214.73 on Friday. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84. The firm has a 50 day moving average price of $224.46 and a 200 day moving average price of $225.92. The company has a market cap of $127.34 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 2.10 and a beta of 1.03. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65.

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 analysts’ consensus estimates of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The firm had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.09 billion. During the same period in the previous year, the firm earned $2.74 earnings per share. Union Pacific’s revenue was up 2.4% compared to the same quarter last year. Sell-side analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be issued a $1.38 dividend. The ex-dividend date is Friday, August 29th. This is a positive change from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 dividend on an annualized basis and a yield of 2.6%. Union Pacific’s payout ratio is presently 47.96%.

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.