Parkside Investments LLC Buys 441 Shares of Union Pacific Corporation $UNP

Parkside Investments LLC grew its stake in shares of Union Pacific Corporation (NYSE:UNP) by 0.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,273 shares of the railroad operator’s stock after buying an additional 441 shares during the period. Union Pacific accounts for about 1.5% of Parkside Investments LLC’s investment portfolio, making the stock its 21st largest position. Parkside Investments LLC’s holdings in Union Pacific were worth $11,077,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of UNP. Baker Tilly Wealth Management LLC raised its position in shares of Union Pacific by 1.9% during the first quarter. Baker Tilly Wealth Management LLC now owns 4,283 shares of the railroad operator’s stock valued at $1,012,000 after buying an additional 78 shares during the last quarter. West Financial Advisors LLC raised its position in shares of Union Pacific by 1,419.1% during the first quarter. West Financial Advisors LLC now owns 714 shares of the railroad operator’s stock valued at $169,000 after buying an additional 667 shares during the last quarter. NBC Securities Inc. raised its position in shares of Union Pacific by 103,927.6% during the first quarter. NBC Securities Inc. now owns 30,168 shares of the railroad operator’s stock valued at $7,127,000 after buying an additional 30,139 shares during the last quarter. QV Investors Inc. increased its position in Union Pacific by 6.4% in the first quarter. QV Investors Inc. now owns 53,651 shares of the railroad operator’s stock worth $12,675,000 after purchasing an additional 3,210 shares during the last quarter. Finally, Sweeney & Michel LLC bought a new stake in Union Pacific in the first quarter worth $626,000. Institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Up 0.3%

NYSE:UNP opened at $235.98 on Tuesday. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84. The company has a 50-day moving average of $222.93 and a 200 day moving average of $224.46. The firm has a market cap of $139.95 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53.

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. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The company had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.09 billion. During the same period in the prior year, the firm earned $2.74 earnings per share. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, research analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.3%. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. The ex-dividend date is Friday, August 29th. Union Pacific’s dividend payout ratio is currently 47.96%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on UNP shares. Evercore ISI reduced their price target 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. Robert W. Baird started coverage on shares of Union Pacific in a research report on Tuesday, July 1st. They issued a “neutral” rating and a $231.00 price target on the stock. Sanford C. Bernstein boosted their price target on shares of Union Pacific from $271.00 to $286.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Royal Bank Of Canada boosted their price objective on shares of Union Pacific from $257.00 to $276.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $263.00 price objective on shares of Union Pacific in a research report on Monday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $260.00.

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.