Onyx Bridge Wealth Group LLC Buys Shares of 2,410 Union Pacific Corporation $UNP

Onyx Bridge Wealth Group LLC bought a new stake in shares of Union Pacific Corporation (NYSE:UNP) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,410 shares of the railroad operator’s stock, valued at approximately $570,000.

A number of other large investors have also bought and sold shares of UNP. Norges Bank acquired a new position in shares of Union Pacific during the second quarter worth approximately $1,856,340,000. Laurel Wealth Advisors LLC grew its position in Union Pacific by 22,618.2% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,624,636 shares of the railroad operator’s stock worth $603,876,000 after purchasing an additional 2,613,083 shares in the last quarter. Amundi lifted its holdings in Union Pacific by 35.6% during the second quarter. Amundi now owns 4,782,577 shares of the railroad operator’s stock worth $1,134,236,000 after acquiring an additional 1,255,231 shares during the period. Rothschild & Co Wealth Management UK Ltd raised its stake in shares of Union Pacific by 3,536.2% during the 2nd quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,011,677 shares of the railroad operator’s stock worth $232,767,000 after purchasing an additional 983,855 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Union Pacific by 32.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,152,042 shares of the railroad operator’s stock valued at $725,222,000 after acquiring an additional 778,411 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Stock Down 0.5%

Shares of Union Pacific stock opened at $261.51 on Friday. The stock has a market capitalization of $155.18 billion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 2.86 and a beta of 0.98. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $265.37. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.60 and a current ratio of 0.91. The company has a 50-day simple moving average of $235.94 and a two-hundred day simple moving average of $228.37.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Tuesday, January 27th. The railroad operator reported $2.86 EPS for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.06). Union Pacific had a return on equity of 40.89% and a net margin of 29.12%.The company had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.15 billion. During the same quarter in the prior year, the firm earned $2.91 earnings per share. The business’s revenue was down .6% compared to the same quarter last year. On average, analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be issued a $1.38 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.52 annualized dividend and a yield of 2.1%. Union Pacific’s dividend payout ratio is currently 46.12%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $267.00 target price on shares of Union Pacific in a research note on Tuesday, January 27th. Weiss Ratings upgraded Union Pacific from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 6th. JPMorgan Chase & Co. cut their target price on shares of Union Pacific from $270.00 to $265.00 and set a “neutral” rating for the company in a research report on Wednesday, January 28th. Barclays reiterated an “overweight” rating and set a $285.00 price target (up from $270.00) on shares of Union Pacific in a research report on Tuesday, December 16th. Finally, TD Cowen lowered their target price on Union Pacific from $257.00 to $255.00 and set a “buy” rating for the company in a research note on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $258.32.

About Union Pacific

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.