Olde Wealth Management LLC Purchases Shares of 5,800 Union Pacific Corporation $UNP

Olde Wealth Management LLC acquired a new position in Union Pacific Corporation (NYSE:UNP) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,800 shares of the railroad operator’s stock, valued at approximately $1,298,000.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in Union Pacific during the 2nd quarter valued at approximately $1,856,340,000. Capital World Investors boosted its stake in Union Pacific by 193.3% in the 3rd quarter. Capital World Investors now owns 10,481,043 shares of the railroad operator’s stock worth $2,477,404,000 after purchasing an additional 6,908,016 shares during the period. Capital Research Global Investors grew its holdings in Union Pacific by 95.0% during the 3rd quarter. Capital Research Global Investors now owns 8,713,196 shares of the railroad operator’s stock valued at $2,059,538,000 after buying an additional 4,244,226 shares in the last quarter. Laurel Wealth Advisors LLC grew its holdings in Union Pacific by 22,618.2% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,624,636 shares of the railroad operator’s stock valued at $603,876,000 after buying an additional 2,613,083 shares in the last quarter. Finally, Baupost Group LLC MA bought a new stake in shares of Union Pacific during the third quarter valued at approximately $353,658,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Trading Down 0.8%

UNP stock opened at $242.22 on Friday. The firm has a fifty day moving average price of $246.47 and a 200 day moving average price of $233.74. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $268.14. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.75 and a current ratio of 0.91. The firm has a market cap of $143.73 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 2.66 and a beta of 0.95.

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

Union Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be issued a $1.38 dividend. The ex-dividend date is Friday, February 27th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.3%. Union Pacific’s payout ratio is 46.12%.

Analyst Ratings Changes

Several research firms have recently commented on UNP. Susquehanna reissued a “buy” rating on shares of Union Pacific in a report on Monday, January 19th. Deutsche Bank Aktiengesellschaft set a $245.00 price target on shares of Union Pacific in a report on Thursday, December 11th. BMO Capital Markets reiterated a “market perform” rating and issued a $295.00 price target on shares of Union Pacific in a research note on Thursday, February 19th. Raymond James Financial reissued a “strong-buy” rating on shares of Union Pacific in a report on Tuesday, January 27th. Finally, Barclays restated an “overweight” rating and set a $285.00 price objective (up from $270.00) on shares of Union Pacific in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $263.77.

Union Pacific Company 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.