Lineweaver Wealth Advisors LLC Invests $614,000 in Union Pacific Corporation $UNP

Lineweaver Wealth Advisors LLC bought a new stake in Union Pacific Corporation (NYSE:UNP) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,668 shares of the railroad operator’s stock, valued at approximately $614,000.

Several other institutional investors have also recently made changes to their positions in UNP. Highline Wealth Partners LLC increased its holdings in Union Pacific by 103.5% during the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator’s stock worth $27,000 after buying an additional 59 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its position in Union Pacific by 1,400.0% during the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock worth $28,000 after acquiring an additional 112 shares during the last quarter. Financial Gravity Asset Management Inc. bought a new stake in Union Pacific in the 1st quarter valued at $32,000. WPG Advisers LLC acquired a new position in shares of Union Pacific in the first quarter valued at about $33,000. Finally, Cornerstone Planning Group LLC grew its position in shares of Union Pacific by 50.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock worth $37,000 after purchasing an additional 56 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on UNP. UBS Group raised their price target on Union Pacific from $238.00 to $240.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. Jefferies Financial Group upgraded Union Pacific from a “hold” rating to a “buy” rating and increased their price target for the company from $250.00 to $285.00 in a research note on Friday, July 25th. Loop Capital upgraded shares of Union Pacific from a “sell” rating to a “hold” rating and lifted their target price for the stock from $214.00 to $227.00 in a research report on Tuesday. Evercore ISI reduced their price target on 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. Finally, BMO Capital Markets upped their price objective on shares of Union Pacific from $270.00 to $277.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $259.38.

Union Pacific Price Performance

Union Pacific stock opened at $216.06 on Wednesday. The company’s 50 day moving average price is $223.67 and its two-hundred day moving average price is $225.51. 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 52 week low of $204.66 and a 52 week high of $256.84. The stock has a market cap of $128.13 billion, a P/E ratio of 18.77, a P/E/G ratio of 2.10 and a beta of 1.03.

Union Pacific (NYSE:UNP) last announced 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 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 revenue was up 2.4% compared to the same quarter last year. During the same period last year, the firm posted $2.74 EPS. On average, equities analysts predict 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 will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be given a $1.38 dividend. This is an increase 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%. The ex-dividend date of this dividend is Friday, August 29th. Union Pacific’s dividend payout ratio (DPR) is 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.