Visionary Wealth Advisors Takes Position in Union Pacific Corporation $UNP

Visionary Wealth Advisors bought a new position in Union Pacific Corporation (NYSE:UNP) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 4,737 shares of the railroad operator’s stock, valued at approximately $1,288,000.

A number of other institutional investors have also added to or reduced their stakes in UNP. Capital World Investors lifted its stake in Union Pacific by 92.1% during the fourth quarter. Capital World Investors now owns 20,136,349 shares of the railroad operator’s stock worth $4,658,142,000 after purchasing an additional 9,655,306 shares during the last quarter. Norges Bank purchased a new position in shares of Union Pacific during the 4th quarter valued at about $1,779,907,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Union Pacific by 72.7% during the 3rd 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 in the last quarter. Capital Research Global Investors lifted its position in Union Pacific by 26.0% in the 4th quarter. Capital Research Global Investors now owns 10,980,904 shares of the railroad operator’s stock worth $2,540,105,000 after buying an additional 2,267,708 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in Union Pacific by 16.8% in the first quarter. Bank of America Corp DE now owns 14,463,071 shares of the railroad operator’s stock worth $3,509,030,000 after buying an additional 2,084,808 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

Union Pacific Price Performance

Shares of Union Pacific stock opened at $309.83 on Tuesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.82. The business’s 50 day simple moving average is $287.14 and its two-hundred day simple moving average is $268.31. The stock has a market capitalization of $184.06 billion, a P/E ratio of 25.09, a price-to-earnings-growth ratio of 3.14 and a beta of 0.96. Union Pacific Corporation has a one year low of $210.84 and a one year high of $315.99.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $3.26 by $0.15. The firm had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.72 billion. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.03 earnings per share. Analysts forecast that Union Pacific Corporation will post 12.93 EPS for the current year.

Union Pacific Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be issued a dividend of $1.42 per share. The ex-dividend date is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a yield of 1.8%. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s dividend payout ratio (DPR) is currently 45.99%.

Analyst Upgrades and Downgrades

UNP has been the topic of several research reports. Barclays reissued an “overweight” rating and set a $350.00 price target (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. Benchmark upped their price objective on shares of Union Pacific from $325.00 to $335.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $335.00 target price (up from $315.00) on shares of Union Pacific in a report on Friday, July 24th. Citigroup lifted their target price on shares of Union Pacific from $326.00 to $349.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Finally, TD Cowen reissued a “buy” rating and issued a $325.00 price target (up from $282.00) on shares of Union Pacific in a research note on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $320.89.

Insiders Place Their Bets

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

About Union Pacific

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.