Cyndeo Wealth Partners LLC Acquires 891 Shares of Union Pacific Corporation $UNP

Cyndeo Wealth Partners LLC lifted its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 2.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,973 shares of the railroad operator’s stock after acquiring an additional 891 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Union Pacific were worth $9,887,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Pines Wealth Management LLC lifted its stake in Union Pacific by 1.7% in the 2nd quarter. Pines Wealth Management LLC now owns 2,520 shares of the railroad operator’s stock worth $595,000 after purchasing an additional 43 shares in the last quarter. Titleist Asset Management LLC raised its position in Union Pacific by 1.1% in the 1st quarter. Titleist Asset Management LLC now owns 4,004 shares of the railroad operator’s stock worth $946,000 after purchasing an additional 44 shares during the period. Five Oceans Advisors raised its position in Union Pacific by 3.9% in the 2nd quarter. Five Oceans Advisors now owns 1,183 shares of the railroad operator’s stock worth $272,000 after purchasing an additional 44 shares during the period. Stiles Financial Services Inc raised its position in Union Pacific by 1.6% in the 1st quarter. Stiles Financial Services Inc now owns 2,963 shares of the railroad operator’s stock worth $700,000 after purchasing an additional 48 shares during the period. Finally, Avalon Trust Co increased its position in shares of Union Pacific by 5.1% in the first quarter. Avalon Trust Co now owns 1,004 shares of the railroad operator’s stock valued at $237,000 after acquiring an additional 49 shares during the period. 80.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

UNP has been the topic of a number of analyst reports. Baird R W upgraded shares of Union Pacific to a “hold” rating in a research report on Tuesday, July 1st. Evercore ISI dropped their price objective on shares of Union Pacific from $244.00 to $238.00 and set an “in-line” rating on the stock in a research note on Friday, July 25th. Robert W. Baird began coverage on shares of Union Pacific in a research note on Tuesday, July 1st. They set a “neutral” rating and a $231.00 price objective on the stock. Loop Capital upgraded shares of Union Pacific from a “sell” rating to a “hold” rating and upped their target price for the stock from $214.00 to $227.00 in a research note on Tuesday, September 16th. Finally, Morgan Stanley cut their price target on shares of Union Pacific from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Union Pacific currently has an average rating of “Moderate Buy” and an average price target of $261.08.

Union Pacific Stock Performance

Shares of UNP opened at $231.44 on Friday. The business’s fifty day simple moving average is $224.32 and its two-hundred day simple moving average is $224.54. The company has a current ratio of 0.65, a quick ratio of 0.53 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. The company has a market cap of $137.27 billion, a price-to-earnings ratio of 20.11, a P/E/G ratio of 2.42 and a beta of 1.07.

Union Pacific (NYSE:UNP) last issued 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. The company had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.74 earnings per share. Research 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 was paid on Tuesday, September 30th. Investors 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 yield of 2.4%. This is a positive change from Union Pacific’s previous quarterly dividend of $1.34. The ex-dividend date was Friday, August 29th. Union Pacific’s payout ratio is currently 47.96%.

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.