Union Pacific Corporation $UNP Shares Acquired by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc boosted its stake in shares of Union Pacific Corporation (NYSE:UNP) by 7.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,450 shares of the railroad operator’s stock after purchasing an additional 2,391 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Union Pacific were worth $8,386,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC boosted its position in Union Pacific by 103.5% during the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator’s stock worth $27,000 after acquiring an additional 59 shares during the period. CBIZ Investment Advisory Services LLC boosted its position in Union Pacific by 1,400.0% during the 1st 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 period. Financial Gravity Asset Management Inc. acquired a new position in Union Pacific during the 1st quarter worth $32,000. WPG Advisers LLC acquired a new position in Union Pacific during the 1st quarter worth $33,000. Finally, Cornerstone Planning Group LLC boosted its position in 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 acquiring an additional 56 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Up 0.9%

Shares of Union Pacific stock opened at $236.60 on Monday. The stock’s fifty day moving average is $223.67 and its 200-day moving average is $224.44. The firm has a market capitalization of $140.33 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 2.47 and a beta of 1.07. 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.

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, topping analysts’ consensus estimates of $2.84 by $0.19. The company had revenue of $6.15 billion for 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%.Union Pacific’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.74 earnings per share. Equities analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 29th were given a dividend of $1.38 per share. The ex-dividend date of this dividend 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 payout ratio is presently 47.96%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Royal Bank Of Canada boosted their price target on Union Pacific from $257.00 to $276.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Robert W. Baird initiated coverage on Union Pacific in a report on Tuesday, July 1st. They issued a “neutral” rating and a $231.00 price objective for the company. UBS Group set a $253.00 price objective on Union Pacific and gave the company a “neutral” rating in a report on Friday. Weiss Ratings restated a “hold (c+)” rating on shares of Union Pacific in a report on Saturday, September 27th. Finally, Baird R W upgraded Union Pacific to a “hold” rating in a report on Tuesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $260.54.

Union Pacific 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.