Union Pacific Co. (NYSE:UNP) Shares Bought by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC lifted its position in shares of Union Pacific Co. (NYSE:UNP) by 0.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,952 shares of the railroad operator’s stock after buying an additional 136 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Union Pacific were worth $3,836,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. OLD Point Trust & Financial Services N A acquired a new position in Union Pacific during the fourth quarter worth about $25,000. Richardson Capital Management LLC acquired a new position in shares of Union Pacific during the 1st quarter worth approximately $26,000. Raleigh Capital Management Inc. lifted its stake in Union Pacific by 211.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 109 shares of the railroad operator’s stock valued at $27,000 after buying an additional 74 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in Union Pacific during the 4th quarter valued at $29,000. Finally, Cultivar Capital Inc. purchased a new position in Union Pacific during the second quarter worth $27,000. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Trading Up 0.4 %

Shares of UNP opened at $253.55 on Wednesday. The stock’s fifty day simple moving average is $244.22 and its 200 day simple moving average is $239.08. Union Pacific Co. has a twelve month low of $199.33 and a twelve month high of $258.66. The company has a current ratio of 1.05, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89. The firm has a market capitalization of $154.70 billion, a P/E ratio of 24.19, a price-to-earnings-growth ratio of 2.20 and a beta of 1.05.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, July 25th. The railroad operator reported $2.74 EPS for the quarter, topping analysts’ consensus estimates of $2.71 by $0.03. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The company had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $6.05 billion. During the same period last year, the business posted $2.57 EPS. The company’s quarterly revenue was up .7% compared to the same quarter last year. On average, equities research analysts forecast that Union Pacific Co. will post 11.11 earnings per share for the current year.

Union Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be given a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 2.11%. This is a boost from Union Pacific’s previous quarterly dividend of $1.30. The ex-dividend date is Friday, August 30th. Union Pacific’s payout ratio is 51.15%.

Insiders Place Their Bets

In other news, President Elizabeth F. Whited sold 3,552 shares of the firm’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total value of $875,887.68. Following the transaction, the president now owns 64,945 shares of the company’s stock, valued at approximately $16,014,787.55. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.28% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on UNP shares. Stifel Nicolaus reduced their price objective on Union Pacific from $267.00 to $265.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Barclays reduced their target price on shares of Union Pacific from $290.00 to $280.00 and set an “overweight” rating on the stock in a report on Friday, July 26th. Daiwa America downgraded shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. StockNews.com downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Finally, Susquehanna lowered their target price on shares of Union Pacific from $270.00 to $250.00 and set a “neutral” rating for the company in a research note on Tuesday, June 25th. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Union Pacific presently has an average rating of “Moderate Buy” and a consensus target price of $258.79.

Union Pacific Company Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.