Axxcess Wealth Management LLC Has $4.63 Million Stock Holdings in Union Pacific Corporation $UNP

Axxcess Wealth Management LLC trimmed its position in shares of Union Pacific Corporation (NYSE:UNP) by 24.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,089 shares of the railroad operator’s stock after selling 6,259 shares during the period. Axxcess Wealth Management LLC’s holdings in Union Pacific were worth $4,632,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of UNP. Capital World Investors raised its stake in shares of Union Pacific by 92.1% during the 4th 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 in the last quarter. Norges Bank bought a new stake in shares of Union Pacific in the 4th quarter valued at approximately $1,779,907,000. Capital Research Global Investors grew its stake in shares of Union Pacific by 95.0% in the 3rd 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Union Pacific by 72.7% in 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 worth $2,169,168,000 after buying an additional 3,861,636 shares during the last quarter. Finally, EdgePoint Investment Group Inc. acquired a new position in Union Pacific in the third quarter worth approximately $408,592,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Trading Up 0.2%

Shares of NYSE:UNP opened at $283.07 on Wednesday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.73 and a current ratio of 0.92. The stock’s 50-day moving average is $268.18 and its 200-day moving average is $253.01. The company has a market cap of $168.06 billion, a P/E ratio of 23.32, a P/E/G ratio of 2.97 and a beta of 0.96. Union Pacific Corporation has a 52-week low of $210.84 and a 52-week high of $285.79.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.07. The firm had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.12 billion. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.70 EPS. Equities research analysts predict that Union Pacific Corporation will post 12.55 earnings per share for the current year.

Union Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 29th were given a dividend of $1.38 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a yield of 2.0%. Union Pacific’s payout ratio is 45.47%.

Insider Activity at Union Pacific

In other news, CFO Jennifer L. Hamann sold 2,000 shares of the business’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $274.70, for a total transaction of $549,400.00. Following the transaction, the chief financial officer owned 114,642 shares in the company, valued at approximately $31,492,157.40. The trade was a 1.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kenyatta G. Rocker sold 27,387 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $271.76, for a total transaction of $7,442,691.12. Following the transaction, the executive vice president directly owned 61,102 shares of the company’s stock, valued at $16,605,079.52. This represents a 30.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 32,378 shares of company stock worth $8,781,595 in the last ninety days. 0.22% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

UNP has been the subject of a number of analyst reports. Evercore reiterated an “outperform” rating and issued a $294.00 target price on shares of Union Pacific in a research note on Thursday, June 25th. TD Cowen raised their price target on shares of Union Pacific from $256.00 to $282.00 and gave the company a “buy” rating in a report on Friday, April 24th. Benchmark lifted their price objective on shares of Union Pacific from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, April 24th. BMO Capital Markets reiterated a “market perform” rating and issued a $285.00 price objective (up from $278.00) on shares of Union Pacific in a report on Friday, April 24th. Finally, Wells Fargo & Company restated an “overweight” rating and set a $300.00 target price (up from $260.00) on shares of Union Pacific in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $286.89.

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.