RKL Wealth Management LLC Sells 1,060 Shares of Union Pacific Corporation $UNP

RKL Wealth Management LLC decreased its position in Union Pacific Corporation (NYSE:UNP) by 5.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 17,079 shares of the railroad operator’s stock after selling 1,060 shares during the period. RKL Wealth Management LLC’s holdings in Union Pacific were worth $3,930,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Highline Wealth Partners LLC boosted its position in Union Pacific by 103.5% during the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator’s stock worth $27,000 after purchasing an additional 59 shares during the period. CBIZ Investment Advisory Services LLC boosted its holdings in Union Pacific by 1,400.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock worth $28,000 after buying an additional 112 shares during the period. Financial Gravity Asset Management Inc. purchased a new position in Union Pacific in the 1st quarter valued at approximately $32,000. WPG Advisers LLC purchased a new position in Union Pacific in the 1st quarter valued at approximately $33,000. Finally, Cornerstone Planning Group LLC raised its holdings in Union Pacific by 50.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock valued at $37,000 after acquiring an additional 56 shares during the period. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Trading Down 0.7%

Shares of UNP stock opened at $234.77 on Thursday. The business has a 50-day moving average price of $223.15 and a two-hundred day moving average price of $224.61. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. The firm has a market cap of $139.23 billion, a P/E ratio of 20.40, a price-to-earnings-growth ratio of 2.46 and a beta of 1.07.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.19. The company had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.Union Pacific’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period last year, the firm posted $2.74 EPS. Equities analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 29th were issued a dividend of $1.38 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. Union Pacific’s payout ratio is 47.96%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Citigroup upgraded Union Pacific from a “neutral” rating to a “buy” rating and lifted their price target for the company from $250.00 to $251.00 in a research report on Monday, September 15th. Evercore ISI dropped their price objective on Union Pacific from $244.00 to $238.00 and set an “in-line” rating on the stock in a report on Friday, July 25th. Argus lowered Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, August 12th. Royal Bank Of Canada upped their price target on Union Pacific from $257.00 to $276.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Finally, Robert W. Baird initiated coverage on shares of Union Pacific in a research report on Tuesday, July 1st. They issued a “neutral” rating and a $231.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $260.00.

About Union Pacific

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.