Union Pacific Corporation (NYSE:UNP) Shares Sold by Waypoint Wealth Partners Inc.

Waypoint Wealth Partners Inc. cut its holdings in Union Pacific Corporation (NYSE:UNP) by 4.1% during the first quarter, HoldingsChannel reports. The fund owned 2,000 shares of the railroad operator’s stock after selling 86 shares during the period. Waypoint Wealth Partners Inc.’s holdings in Union Pacific were worth $472,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC lifted its holdings in 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 acquiring an additional 59 shares during the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in Union Pacific in the first quarter valued at approximately $32,000. Strategic Investment Solutions Inc. IL raised its position in Union Pacific by 38.8% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator’s stock valued at $39,000 after purchasing an additional 45 shares during the period. Cornerstone Planning Group LLC raised its position in Union Pacific by 50.5% in the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock valued at $37,000 after purchasing an additional 56 shares during the period. Finally, IMA Advisory Services Inc. purchased a new stake in Union Pacific in the first quarter valued at approximately $43,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Stock Performance

NYSE:UNP opened at $223.20 on Thursday. The firm has a market capitalization of $132.37 billion, a PE ratio of 19.39, a price-to-earnings-growth ratio of 2.13 and a beta of 1.05. The business’s fifty day moving average price is $227.09 and its 200 day moving average price is $229.99. 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 Corporation has a 12 month low of $204.66 and a 12 month high of $258.07.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, beating the consensus estimate of $2.84 by $0.19. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%. The firm had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same quarter in the prior year, the company posted $2.74 earnings per share. Union Pacific’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share 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. Shareholders of record on Friday, August 29th will be paid a $1.38 dividend. This is a boost from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, August 29th. Union Pacific’s payout ratio is currently 46.57%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on UNP shares. Jefferies Financial Group raised Union Pacific from a “hold” rating to a “buy” rating and boosted their target price for the company from $250.00 to $285.00 in a research report on Friday, July 25th. Wells Fargo & Company boosted their target price on Union Pacific from $250.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Morgan Stanley cut their target price on Union Pacific from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Monday, July 7th. UBS Group boosted their target price on Union Pacific from $238.00 to $240.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Finally, Susquehanna cut their target price on Union Pacific from $260.00 to $257.00 and set a “positive” rating on the stock in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $258.21.

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.