Western Wealth Management LLC Has $1.02 Million Holdings in Union Pacific Co. (NYSE:UNP)

Western Wealth Management LLC raised its stake in Union Pacific Co. (NYSE:UNP) by 2.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,517 shares of the railroad operator’s stock after buying an additional 108 shares during the quarter. Western Wealth Management LLC’s holdings in Union Pacific were worth $1,022,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Silver Oak Advisory Group Inc. bought a new stake in Union Pacific during the 4th quarter worth approximately $219,000. Allegheny Financial Group LTD increased its position in shares of Union Pacific by 22.5% during the fourth quarter. Allegheny Financial Group LTD now owns 10,885 shares of the railroad operator’s stock worth $2,674,000 after acquiring an additional 2,000 shares in the last quarter. Silver Oak Securities Incorporated acquired a new stake in shares of Union Pacific during the fourth quarter worth $238,000. BNP Paribas bought a new stake in Union Pacific in the 1st quarter valued at $1,088,000. Finally, Stifel Financial Corp boosted its stake in Union Pacific by 10.8% in the 4th quarter. Stifel Financial Corp now owns 2,273,959 shares of the railroad operator’s stock worth $558,542,000 after purchasing an additional 222,318 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Insider Activity at Union Pacific

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total transaction of $875,887.68. Following the completion of the sale, the president now directly owns 64,945 shares in the company, valued at $16,014,787.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.28% of the stock is owned by company insiders.

Union Pacific Stock Performance

NYSE:UNP traded up $0.91 on Monday, hitting $245.44. The company’s stock had a trading volume of 199,596 shares, compared to its average volume of 2,269,526. Union Pacific Co. has a one year low of $199.33 and a one year high of $258.66. The firm has a market capitalization of $149.52 billion, a P/E ratio of 23.33, a price-to-earnings-growth ratio of 2.13 and a beta of 1.06. The stock has a fifty day moving average of $232.77 and a two-hundred day moving average of $239.02. The company has a current ratio of 1.05, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share for the quarter, beating 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 business had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $6.05 billion. During the same quarter in the prior year, the business earned $2.57 EPS. The firm’s revenue for the quarter was up .7% on a year-over-year basis. Research analysts predict that Union Pacific Co. will post 11.12 earnings per share for the current year.

Union Pacific Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be paid a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Friday, August 30th. This is a boost from Union Pacific’s previous quarterly dividend of $1.30. Union Pacific’s dividend payout ratio (DPR) is currently 49.62%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on UNP. Morgan Stanley boosted their price target on Union Pacific from $198.00 to $210.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Susquehanna reduced their price target on Union Pacific from $270.00 to $250.00 and set a “neutral” rating for the company in a research report on Tuesday, June 25th. Wells Fargo & Company assumed coverage on shares of Union Pacific in a report on Friday, June 7th. They issued an “overweight” rating and a $270.00 price objective on the stock. Sanford C. Bernstein reduced their target price on shares of Union Pacific from $290.00 to $273.00 and set an “outperform” rating for the company in a report on Monday, July 8th. Finally, Stifel Nicolaus decreased their target price on shares of Union Pacific from $267.00 to $265.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Seven research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Union Pacific currently has an average rating of “Moderate Buy” and an average target price of $258.79.

About Union Pacific

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.