PFG Investments LLC Raises Stock Holdings in Union Pacific Corporation $UNP

PFG Investments LLC grew its stake in Union Pacific Corporation (NYSE:UNP) by 3.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 9,056 shares of the railroad operator’s stock after buying an additional 308 shares during the period. PFG Investments LLC’s holdings in Union Pacific were worth $2,084,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in UNP. Merit Financial Group LLC grew its position in shares of Union Pacific by 7.4% during the first quarter. Merit Financial Group LLC now owns 25,207 shares of the railroad operator’s stock worth $5,955,000 after purchasing an additional 1,732 shares in the last quarter. RFG Advisory LLC grew its position in shares of Union Pacific by 68.1% during the first quarter. RFG Advisory LLC now owns 11,148 shares of the railroad operator’s stock worth $2,634,000 after purchasing an additional 4,518 shares in the last quarter. Triangle Securities Wealth Management grew its position in shares of Union Pacific by 5.8% during the first quarter. Triangle Securities Wealth Management now owns 2,493 shares of the railroad operator’s stock worth $589,000 after purchasing an additional 136 shares in the last quarter. Apella Capital LLC grew its position in shares of Union Pacific by 714.2% during the first quarter. Apella Capital LLC now owns 9,591 shares of the railroad operator’s stock worth $2,144,000 after purchasing an additional 8,413 shares in the last quarter. Finally, Veracity Capital LLC grew its position in shares of Union Pacific by 5.0% during the first quarter. Veracity Capital LLC now owns 3,170 shares of the railroad operator’s stock worth $749,000 after purchasing an additional 152 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on UNP. Barclays cut Union Pacific from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 30th. Baird R W raised Union Pacific to a “hold” rating in a research note on Tuesday, July 1st. Argus lowered Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, August 12th. BMO Capital Markets increased their price target on Union Pacific from $270.00 to $277.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Finally, Loop Capital raised Union Pacific from a “sell” rating to a “hold” rating and increased their price target for the company from $214.00 to $227.00 in a research note on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $260.00.

Union Pacific Price Performance

NYSE:UNP opened at $234.77 on Thursday. The firm has a market capitalization of $139.23 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 2.46 and a beta of 1.07. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84. The business has a 50 day simple moving average of $223.15 and a 200-day simple moving average of $224.61. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.19. The business had revenue of $6.15 billion during 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%.The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period last year, the company earned $2.74 EPS. Equities analysts forecast 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 paid a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. 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. Union Pacific’s dividend payout ratio is 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.