Triangle Securities Wealth Management Buys 2,234 Shares of Union Pacific Corporation $UNP

Triangle Securities Wealth Management boosted its stake in Union Pacific Corporation (NYSE:UNP) by 97.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,524 shares of the railroad operator’s stock after buying an additional 2,234 shares during the period. Triangle Securities Wealth Management’s holdings in Union Pacific were worth $1,058,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Union Bancaire Privee UBP SA increased its stake in shares of Union Pacific by 9.8% in the 3rd quarter. Union Bancaire Privee UBP SA now owns 52,849 shares of the railroad operator’s stock worth $12,492,000 after acquiring an additional 4,707 shares in the last quarter. Midwest Trust Co lifted its position in Union Pacific by 2.8% during the 3rd quarter. Midwest Trust Co now owns 281,036 shares of the railroad operator’s stock valued at $66,428,000 after acquiring an additional 7,759 shares during the period. CX Institutional boosted its stake in Union Pacific by 39.8% during the third quarter. CX Institutional now owns 65,826 shares of the railroad operator’s stock worth $15,559,000 after acquiring an additional 18,742 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in Union Pacific by 15.1% during the third quarter. Thrivent Financial for Lutherans now owns 135,188 shares of the railroad operator’s stock worth $31,955,000 after acquiring an additional 17,696 shares in the last quarter. Finally, AustralianSuper Pty Ltd purchased a new stake in Union Pacific in the third quarter worth about $802,000. 80.38% of the stock is owned by institutional investors.

Union Pacific Price Performance

NYSE UNP opened at $238.91 on Friday. Union Pacific Corporation has a one year low of $204.66 and a one year high of $268.14. The stock has a 50-day moving average of $248.16 and a 200 day moving average of $234.77. 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 company has a market capitalization of $141.77 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 2.63 and a beta of 0.95.

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

Union Pacific Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on UNP shares. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a research note on Tuesday, January 27th. Royal Bank Of Canada set a $280.00 price target on Union Pacific in a research report on Thursday, December 18th. Deutsche Bank Aktiengesellschaft set a $245.00 price target on Union Pacific in a research note on Thursday, December 11th. Weiss Ratings raised Union Pacific from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 6th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $295.00 price objective on shares of Union Pacific in a research note on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Union Pacific presently has an average rating of “Moderate Buy” and an average target price of $264.86.

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.