Benjamin Edwards Inc. Purchases 2,448 Shares of Union Pacific Corporation $UNP

Benjamin Edwards Inc. lifted its position in Union Pacific Corporation (NYSE:UNP) by 10.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,920 shares of the railroad operator’s stock after acquiring an additional 2,448 shares during the quarter. Benjamin Edwards Inc.’s holdings in Union Pacific were worth $6,127,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC boosted its position in shares of Union Pacific by 1,400.0% during the first 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 during the period. Howard Hughes Medical Institute purchased a new stake in shares of Union Pacific in the second quarter worth approximately $30,000. Total Investment Management Inc. bought a new stake in shares of Union Pacific during the 2nd quarter worth approximately $31,000. Financial Gravity Companies Inc. purchased a new position in Union Pacific during the 2nd quarter valued at $31,000. Finally, Access Investment Management LLC bought a new position in Union Pacific in the 2nd quarter valued at $32,000. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Trading Down 0.7%

UNP stock opened at $228.30 on Friday. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84. The business’s 50-day moving average is $229.76 and its 200 day moving average is $227.21. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.75. The stock has a market cap of $135.42 billion, a price-to-earnings ratio of 19.40, a PEG ratio of 2.49 and a beta of 0.99.

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

Union Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Friday, December 5th were paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, December 5th. Union Pacific’s dividend payout ratio is 46.90%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Union Pacific in a research report on Wednesday, October 8th. The Goldman Sachs Group set a $263.00 price target on shares of Union Pacific and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Citigroup set a $264.00 price objective on shares of Union Pacific and gave the company a “buy” rating in a research report on Thursday. Barclays restated an “overweight” rating and issued a $285.00 target price (up from $270.00) on shares of Union Pacific in a research note on Tuesday, December 16th. Finally, BMO Capital Markets set a $255.00 price target on shares of Union Pacific in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, Union Pacific currently has a consensus rating of “Moderate Buy” and an average price target of $259.46.

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.