Turn8 Private Wealth Inc. Increases Stake in Union Pacific Corporation $UNP

Turn8 Private Wealth Inc. lifted its position in Union Pacific Corporation (NYSE:UNP) by 2.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,108 shares of the railroad operator’s stock after acquiring an additional 280 shares during the quarter. Union Pacific accounts for approximately 2.6% of Turn8 Private Wealth Inc.’s investment portfolio, making the stock its 16th largest holding. Turn8 Private Wealth Inc.’s holdings in Union Pacific were worth $3,333,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Jacobi Capital Management LLC raised its holdings in shares of Union Pacific by 2.4% in the 1st quarter. Jacobi Capital Management LLC now owns 9,645 shares of the railroad operator’s stock valued at $2,278,000 after purchasing an additional 223 shares in the last quarter. BOS Asset Management LLC purchased a new position in Union Pacific during the first quarter valued at approximately $217,000. WBI Investments LLC bought a new position in Union Pacific in the first quarter worth approximately $376,000. MBL Wealth LLC purchased a new stake in Union Pacific during the first quarter worth $230,000. Finally, Acadian Asset Management LLC lifted its holdings in Union Pacific by 40.4% during the first quarter. Acadian Asset Management LLC now owns 2,312 shares of the railroad operator’s stock worth $546,000 after buying an additional 665 shares during the period. 80.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on UNP shares. Robert W. Baird initiated coverage on Union Pacific in a research report on Tuesday, July 1st. They set a “neutral” rating and a $231.00 price objective on the stock. Sanford C. Bernstein raised their price target on shares of Union Pacific from $271.00 to $286.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Jefferies Financial Group upgraded shares of Union Pacific from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $250.00 to $285.00 in a research note on Friday, July 25th. Morgan Stanley lowered their target price on shares of Union Pacific from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Monday, July 7th. Finally, Evercore ISI dropped their target price on 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. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $258.21.

Union Pacific Trading Down 0.5%

Shares of NYSE:UNP opened at $214.87 on Thursday. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $256.84. The stock has a market cap of $127.43 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 2.10 and a beta of 1.03. The business has a 50-day moving average price of $225.30 and a 200-day moving average price of $226.45.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.19. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The firm had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same quarter in the prior year, the firm earned $2.74 earnings per share. Union Pacific’s revenue for the quarter was up 2.4% on a year-over-year basis. Equities analysts predict that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be paid a $1.38 dividend. The ex-dividend date is Friday, August 29th. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.6%. Union Pacific’s dividend payout ratio (DPR) is currently 47.96%.

Union Pacific Company Profile

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.