2,616 Shares in Union Pacific Corporation $UNP Purchased by OneAscent Financial Services LLC

OneAscent Financial Services LLC bought a new stake in shares of Union Pacific Corporation (NYSE:UNP) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 2,616 shares of the railroad operator’s stock, valued at approximately $712,000.

A number of other large investors also recently added to or reduced their stakes in UNP. Tucker Asset Management LLC purchased a new position in shares of Union Pacific in the fourth quarter worth $25,000. SWAN Capital LLC grew its stake in Union Pacific by 2,575.0% during the fourth quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock valued at $25,000 after acquiring an additional 103 shares in the last quarter. Rachor Investment Advisory Services LLC purchased a new position in Union Pacific during the fourth quarter valued at $25,000. High Point Wealth Management LLC bought a new stake in Union Pacific in the 4th quarter valued at $26,000. Finally, Scarborough Advisors LLC bought a new stake in Union Pacific in the 1st quarter valued at $27,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Susquehanna increased their price objective on shares of Union Pacific from $305.00 to $333.00 and gave the company a “positive” rating in a report on Tuesday, July 14th. TD Cowen reaffirmed a “buy” rating and issued a $325.00 target price (up from $282.00) on shares of Union Pacific in a report on Friday, July 24th. Robert W. Baird boosted their target price on Union Pacific from $311.00 to $344.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Citigroup increased their price target on Union Pacific from $326.00 to $349.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Finally, Wells Fargo & Company restated an “overweight” rating and set a $335.00 price target (up from $315.00) on shares of Union Pacific in a report on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $320.89.

Union Pacific Stock Performance

Shares of NYSE:UNP opened at $307.97 on Friday. Union Pacific Corporation has a 52 week low of $210.84 and a 52 week high of $315.99. The stock has a market capitalization of $182.96 billion, a P/E ratio of 24.94, a PEG ratio of 3.10 and a beta of 0.96. The firm has a fifty day simple moving average of $286.30 and a two-hundred day simple moving average of $267.60. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.26 by $0.15. The firm had revenue of $6.86 billion for the quarter, compared to analysts’ expectations of $6.72 billion. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The business’s revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the company earned $3.03 EPS. On average, analysts expect that Union Pacific Corporation will post 12.93 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be paid a dividend of $1.42 per share. The ex-dividend date of this dividend is Monday, August 31st. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. This represents a $5.68 annualized dividend and a yield of 1.8%. Union Pacific’s payout ratio is presently 44.70%.

Insiders Place Their Bets

In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total transaction of $789,504.36. Following the sale, the executive vice president directly owned 43,012 shares in the company, valued at $11,353,447.52. This represents a 6.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.22% of the stock is owned by insiders.

Union Pacific 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.