Union Pacific Corporation $UNP Shares Acquired by Massachusetts Wealth Management

Massachusetts Wealth Management grew its holdings in Union Pacific Corporation (NYSE:UNP) by 1.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 6,327 shares of the railroad operator’s stock after buying an additional 60 shares during the quarter. Massachusetts Wealth Management’s holdings in Union Pacific were worth $1,456,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of UNP. Highline Wealth Partners LLC increased its position 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 purchasing an additional 59 shares during the last quarter. CBIZ Investment Advisory Services LLC increased 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 purchasing an additional 112 shares during the last quarter. Financial Gravity Asset Management Inc. acquired a new stake in Union Pacific during the first quarter worth about $32,000. WPG Advisers LLC acquired a new stake in shares of Union Pacific during the first quarter valued at about $33,000. Finally, Cornerstone Planning Group LLC increased its position 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 valued at $37,000 after acquiring an additional 56 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Stock Up 0.4%

Shares of Union Pacific stock opened at $232.72 on Thursday. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $256.84. The company has a 50 day moving average of $224.14 and a 200 day moving average of $224.57. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $138.03 billion, a P/E ratio of 20.22, a P/E/G ratio of 2.41 and a beta of 1.07.

Union Pacific (NYSE:UNP) last issued its quarterly 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. 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 the consensus estimate of $6.09 billion. During the same quarter in the previous year, the firm earned $2.74 earnings per share. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, research analysts forecast 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 was paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th were issued a dividend of $1.38 per share. The ex-dividend date of this dividend was Friday, August 29th. 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 2.4%. Union Pacific’s dividend payout ratio is 47.96%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on UNP. Citigroup upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating and lifted their price target for the company from $250.00 to $251.00 in a research report on Monday, September 15th. Sanford C. Bernstein lifted their price target on shares of Union Pacific from $271.00 to $286.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Robert W. Baird began coverage on shares of Union Pacific in a research report on Tuesday, July 1st. They set a “neutral” rating and a $231.00 price target for the company. JPMorgan Chase & Co. dropped their price target on shares of Union Pacific from $267.00 to $265.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, BMO Capital Markets lifted their price target on shares of Union Pacific from $270.00 to $277.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $261.08.

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.