NewEdge Wealth LLC Increases Stake in Union Pacific Corporation $UNP

NewEdge Wealth LLC grew its stake in shares of Union Pacific Corporation (NYSE:UNP) by 1.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,096 shares of the railroad operator’s stock after buying an additional 2,177 shares during the period. NewEdge Wealth LLC’s holdings in Union Pacific were worth $30,108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Rachor Investment Advisory Services LLC purchased a new position in Union Pacific during the fourth quarter valued at $25,000. Tucker Asset Management LLC bought a new stake in Union Pacific in the 4th quarter valued at $25,000. SWAN Capital LLC lifted its stake in Union Pacific by 2,575.0% in the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock worth $25,000 after purchasing an additional 103 shares in the last quarter. High Point Wealth Management LLC purchased a new stake in Union Pacific in the 4th quarter worth $26,000. Finally, Cornerstone Financial Management LLC bought a new position in shares of Union Pacific during the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Performance

Shares of NYSE:UNP opened at $292.15 on Thursday. The firm has a fifty day simple moving average of $273.68 and a two-hundred day simple moving average of $257.46. Union Pacific Corporation has a 52 week low of $210.84 and a 52 week high of $303.15. The company has a quick ratio of 0.73, a current ratio of 0.92 and a debt-to-equity ratio of 1.53. The stock has a market capitalization of $173.45 billion, a P/E ratio of 24.06, a PEG ratio of 3.07 and a beta of 0.96.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.07. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The firm had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.12 billion. During the same period in the prior year, the company earned $2.70 EPS. The business’s revenue was up 3.2% compared to the same quarter last year. On average, analysts expect that Union Pacific Corporation will post 12.62 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th were given a dividend of $1.38 per share. The ex-dividend date was Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a yield of 1.9%. Union Pacific’s dividend payout ratio is 45.47%.

Insider Activity

In other news, EVP Eric J. Gehringer sold 2,991 shares of Union Pacific stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total value of $789,504.36. Following the completion of the transaction, the executive vice president owned 43,012 shares in the company, valued at approximately $11,353,447.52. The trade was a 6.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jennifer L. Hamann sold 2,000 shares of Union Pacific stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $274.70, for a total value of $549,400.00. Following the completion of the transaction, the chief financial officer owned 114,642 shares of the company’s stock, valued at approximately $31,492,157.40. This trade represents a 1.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 32,378 shares of company stock valued at $8,781,595 in the last ninety days. Insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

UNP has been the subject of a number of research analyst reports. Susquehanna raised their price objective on Union Pacific from $305.00 to $333.00 and gave the company a “positive” rating in a research report on Tuesday, July 14th. Citizens Jmp assumed coverage on Union Pacific in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $350.00 target price on the stock. Stephens raised Union Pacific to a “strong-buy” rating in a research note on Wednesday, July 8th. Evercore restated an “outperform” rating and set a $294.00 price target on shares of Union Pacific in a report on Thursday, June 25th. Finally, Wells Fargo & Company lifted their price objective on Union Pacific from $300.00 to $315.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $299.11.

Key Stories Impacting Union Pacific

Here are the key news stories impacting Union Pacific this week:

• Positive Sentiment: Union Pacific and CN announced a binding agreement tied to Union Pacific’s proposed Norfolk Southern merger, including expanded operating rights in Chicago and new access routes that could improve network efficiency and customer service. The deal may help support regulatory approval by addressing competitive access concerns and could create longer-term synergies if the merger goes through. Union Pacific and CN Reach Agreement to Expand Customer Opportunities in Connection with Merger
• Positive Sentiment: The agreement also gives Union Pacific expanded operating rights over CN’s EJ&E corridor in Chicago, which CEO Jim Vena said offers a faster route around the city and may improve rail flow, reliability, and operating efficiency. Union Pacific and CN Announce Agreement to Improve North American Rail Connectivity
• Neutral Sentiment: CN will not oppose the proposed Union Pacific-Norfolk Southern transaction and both companies will work through the Surface Transportation Board process, leaving some execution and approval risk until regulators make a decision. Union Pacific and CN Announce Agreement to Improve North American Rail Connectivity
• Neutral Sentiment: Union Pacific is also due to report second-quarter earnings, which may keep investor focus on whether the company can back up the merger optimism with solid near-term financial results. Union Pacific to post Q2 earnings amid merger push

Union Pacific Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two?thirds of the United States.