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

Triangle Securities Wealth Management increased its holdings in Union Pacific Corporation (NYSE:UNP) by 97.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,524 shares of the railroad operator’s stock after purchasing an additional 2,234 shares during the period. Triangle Securities Wealth Management’s holdings in Union Pacific were worth $1,058,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Capital World Investors raised its position in Union Pacific by 193.3% in the 3rd quarter. Capital World Investors now owns 10,481,043 shares of the railroad operator’s stock worth $2,477,404,000 after purchasing an additional 6,908,016 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Union Pacific by 72.7% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,177,002 shares of the railroad operator’s stock valued at $2,169,168,000 after buying an additional 3,861,636 shares during the period. Capital Research Global Investors grew its stake in shares of Union Pacific by 95.0% during the third quarter. Capital Research Global Investors now owns 8,713,196 shares of the railroad operator’s stock valued at $2,059,538,000 after buying an additional 4,244,226 shares during the last quarter. Norges Bank bought a new position in shares of Union Pacific during the second quarter valued at about $1,856,340,000. Finally, Franklin Resources Inc. increased its holdings in shares of Union Pacific by 18.9% in the third quarter. Franklin Resources Inc. now owns 7,164,334 shares of the railroad operator’s stock worth $1,693,434,000 after buying an additional 1,139,926 shares during the period. Institutional investors own 80.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on UNP shares. BMO Capital Markets reissued a “market perform” rating and issued a $295.00 target price on shares of Union Pacific in a research note on Thursday, February 19th. Barclays restated an “overweight” rating and set a $285.00 price target (up from $270.00) on shares of Union Pacific in a research report on Tuesday, December 16th. Royal Bank Of Canada set a $280.00 price objective on Union Pacific in a research report on Thursday, December 18th. JPMorgan Chase & Co. dropped their price objective on Union Pacific from $270.00 to $265.00 and set a “neutral” rating for the company in a research note on Wednesday, January 28th. Finally, Susquehanna restated a “buy” rating on shares of Union Pacific in a report on Monday, January 19th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $264.86.

Union Pacific Price Performance

Shares of UNP stock opened at $238.91 on Friday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.75 and a current ratio of 0.91. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $268.14. The firm has a market cap of $141.77 billion, a P/E ratio of 19.96, a P/E/G ratio of 2.63 and a beta of 0.95. The business’s 50 day moving average price is $248.16 and its 200-day moving average price is $234.77.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Tuesday, January 27th. The railroad operator reported $2.86 EPS for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.06). The business had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.15 billion. Union Pacific had a return on equity of 40.89% and a net margin of 29.12%.The business’s revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.91 EPS. On average, equities research analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

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

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.