Sax Wealth Advisors LLC Increases Stock Holdings in Union Pacific Corporation $UNP

Sax Wealth Advisors LLC boosted its position in Union Pacific Corporation (NYSE:UNP) by 22.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,651 shares of the railroad operator’s stock after purchasing an additional 298 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Union Pacific were worth $380,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. LGT Group Foundation raised its holdings in Union Pacific by 9.7% in the first quarter. LGT Group Foundation now owns 5,398 shares of the railroad operator’s stock worth $1,275,000 after purchasing an additional 477 shares in the last quarter. Nuveen LLC bought a new position in Union Pacific in the first quarter worth $988,822,000. SlateStone Wealth LLC raised its holdings in Union Pacific by 6.2% in the first quarter. SlateStone Wealth LLC now owns 13,264 shares of the railroad operator’s stock worth $3,133,000 after purchasing an additional 772 shares in the last quarter. Meadow Creek Wealth Advisors LLC raised its holdings in Union Pacific by 10.9% in the first quarter. Meadow Creek Wealth Advisors LLC now owns 3,666 shares of the railroad operator’s stock worth $866,000 after purchasing an additional 359 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Union Pacific by 16.8% during the first quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator’s stock valued at $2,491,000 after acquiring an additional 1,520 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

Union Pacific Trading Down 0.5%

Shares of NYSE:UNP opened at $231.44 on Friday. The stock has a market capitalization of $137.27 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 2.42 and a beta of 1.07. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. The stock’s 50-day simple moving average is $224.32 and its two-hundred day simple moving average is $224.54. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $256.84.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $6.09 billion. During the same period in the previous year, the firm earned $2.74 EPS. The business’s quarterly revenue was up 2.4% on a year-over-year basis. Analysts expect that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.4%. 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. Union Pacific’s payout ratio is presently 47.96%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on UNP shares. Argus downgraded Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, August 12th. JPMorgan Chase & Co. reduced their price target on Union Pacific from $267.00 to $265.00 and set a “neutral” rating for the company in a report on Wednesday. Susquehanna restated a “positive” rating and set a $272.00 price target (up from $257.00) on shares of Union Pacific in a report on Thursday, September 25th. Loop Capital upgraded Union Pacific from a “sell” rating to a “hold” rating and raised their price target for the company from $214.00 to $227.00 in a report on Tuesday, September 16th. Finally, UBS Group set a $253.00 price target on Union Pacific and gave the company a “neutral” rating in a report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Union Pacific presently has an average rating of “Moderate Buy” and a consensus target price of $261.08.

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.