Apollon Wealth Management LLC Grows Stake in Union Pacific Corporation $UNP

Apollon Wealth Management LLC raised its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 6.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,678 shares of the railroad operator’s stock after purchasing an additional 2,749 shares during the period. Apollon Wealth Management LLC’s holdings in Union Pacific were worth $10,560,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. CBIZ Investment Advisory Services LLC increased its position in Union Pacific by 1,400.0% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock valued at $28,000 after buying an additional 112 shares in the last quarter. Howard Hughes Medical Institute acquired a new stake in Union Pacific in the second quarter worth about $30,000. Total Investment Management Inc. purchased a new stake in shares of Union Pacific during the second quarter worth about $31,000. Financial Gravity Companies Inc. acquired a new position in shares of Union Pacific during the second quarter valued at about $31,000. Finally, Access Investment Management LLC acquired a new position in shares of Union Pacific during the second quarter valued at about $32,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

UNP has been the subject of a number of recent analyst reports. BMO Capital Markets lowered their target price on shares of Union Pacific from $277.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday, October 24th. TD Cowen decreased their price target on shares of Union Pacific from $258.00 to $257.00 and set a “buy” rating for the company in a report on Friday, October 24th. Cowen reiterated a “buy” rating on shares of Union Pacific in a research note on Friday, October 24th. JPMorgan Chase & Co. boosted their price objective on shares of Union Pacific from $265.00 to $267.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Finally, The Goldman Sachs Group set a $263.00 target price on Union Pacific and gave the company a “neutral” rating in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $260.33.

Union Pacific Stock Down 0.8%

Shares of UNP opened at $233.23 on Friday. The company has a market capitalization of $138.34 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 2.71 and a beta of 0.99. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $256.84. The stock’s 50-day moving average price is $227.71 and its 200-day moving average price is $226.71. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 1.75.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.09. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.The company had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6.24 billion. During the same period last year, the business earned $2.75 earnings per share. Union Pacific’s quarterly revenue was up 2.5% on a year-over-year basis. On average, sell-side analysts predict that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 5th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, December 5th. Union Pacific’s payout ratio is 46.90%.

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.