SteelPeak Wealth LLC Purchases 125 Shares of Union Pacific Corporation $UNP

SteelPeak Wealth LLC grew its position in shares of Union Pacific Corporation (NYSE:UNP) by 5.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,287 shares of the railroad operator’s stock after buying an additional 125 shares during the quarter. SteelPeak Wealth LLC’s holdings in Union Pacific were worth $526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of UNP. Nuveen LLC bought a new position in Union Pacific in the 1st quarter worth $988,822,000. Goldman Sachs Group Inc. raised its holdings in Union Pacific by 29.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,699,109 shares of the railroad operator’s stock worth $873,878,000 after purchasing an additional 850,025 shares during the period. Auto Owners Insurance Co raised its holdings in Union Pacific by 61,054.6% in the 1st quarter. Auto Owners Insurance Co now owns 625,000 shares of the railroad operator’s stock worth $147,650,000 after purchasing an additional 623,978 shares during the period. Menora Mivtachim Holdings LTD. bought a new position in Union Pacific in the 1st quarter worth $115,096,000. Finally, Canada Pension Plan Investment Board raised its holdings in Union Pacific by 10.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock worth $1,092,893,000 after purchasing an additional 452,788 shares during the period. 80.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

UNP has been the topic of a number of recent research reports. BMO Capital Markets raised their target price on Union Pacific from $270.00 to $277.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Wells Fargo & Company raised their target price on Union Pacific from $250.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Morgan Stanley decreased their target price on Union Pacific from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Monday, July 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of Union Pacific in a report on Wednesday. Finally, Argus cut Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $261.08.

Union Pacific Trading Up 0.4%

Shares of Union Pacific stock opened at $232.72 on Thursday. The firm has a market cap of $138.03 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 2.41 and a beta of 1.07. The business has a 50-day moving average price of $224.14 and a 200-day moving average price of $224.57. 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 twelve month low of $204.66 and a twelve month high of $256.84.

Union Pacific (NYSE:UNP) last issued 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 firm had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.74 earnings per share. Equities research analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were given a dividend of $1.38 per share. The ex-dividend date was Friday, August 29th. This is a positive change 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 2.4%. Union Pacific’s dividend payout ratio (DPR) is 47.96%.

Union Pacific 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.