Wealthspire Advisors LLC Has $5.23 Million Stake in Union Pacific Corporation $UNP

Wealthspire Advisors LLC trimmed its position in shares of Union Pacific Corporation (NYSE:UNP) by 20.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,724 shares of the railroad operator’s stock after selling 5,668 shares during the period. Wealthspire Advisors LLC’s holdings in Union Pacific were worth $5,228,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC boosted its position in shares of Union Pacific by 1,400.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock worth $28,000 after buying an additional 112 shares during the period. Financial Gravity Companies Inc. purchased a new stake in Union Pacific in the 2nd quarter worth about $31,000. Access Investment Management LLC acquired a new stake in Union Pacific during the 2nd quarter worth about $32,000. WPG Advisers LLC acquired a new stake in Union Pacific during the 1st quarter worth about $33,000. Finally, GFG Capital LLC purchased a new position in Union Pacific during the 2nd quarter valued at about $38,000. 80.38% of the stock is owned by institutional investors and hedge funds.

Union Pacific Stock Performance

Shares of UNP opened at $220.97 on Wednesday. The firm has a market cap of $131.07 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 2.27 and a beta of 1.04. The company’s fifty day moving average is $224.36 and its 200-day moving average is $224.79. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 1.75. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.09. The business had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6.24 billion. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. Union Pacific’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.75 EPS. Equities analysts expect that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Friday, December 5th will be given a $1.38 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.5%. Union Pacific’s payout ratio is currently 46.90%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. TD Cowen reduced their price target on shares of Union Pacific from $258.00 to $257.00 and set a “buy” rating for the company in a research report on Friday, October 24th. Cowen reiterated a “buy” rating on shares of Union Pacific in a research report on Friday, October 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of Union Pacific in a research note on Wednesday, October 8th. Evercore ISI dropped their price target 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. Finally, Citigroup increased their price objective on Union Pacific from $263.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $261.63.

About Union Pacific

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.