Trek Financial LLC Acquires New Position in Union Pacific Corporation $UNP

Trek Financial LLC acquired 5,508 shares of Union Pacific Corporation, valued at approximately $1,267,000, in the second quarter. This acquisition is part of a broader trend of institutional investment in Union Pacific, with 80.38% of the stock owned by hedge funds and institutional investors. Union Pacific's stock has shown positive performance, with a recent quarterly earnings report exceeding expectations. The company also announced a quarterly dividend of $1.38 per share, reflecting a 2.3% yield.

Trek Financial LLC acquired a new stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,508 shares of the railroad operator's stock, valued at approximately $1,267,000.

Union Pacific: Laying the Tracks for America's Industrial Renewal

Several other large investors have also bought and sold shares of UNP. McClarren Financial Advisors Inc. bought a new position in Union Pacific in the 1st quarter valued at approximately $56,000. Wealthspire Advisors LLC lifted its holdings in shares of Union Pacific by 101.6% during the first quarter. Wealthspire Advisors LLC now owns 28,392 shares of the railroad operator's stock valued at $6,708,000 after purchasing an additional 14,309 shares in the last quarter. Intrust Bank NA lifted its holdings in shares of Union Pacific by 1.6% during the first quarter. Intrust Bank NA now owns 15,094 shares of the railroad operator's stock valued at $3,566,000 after purchasing an additional 237 shares in the last quarter. Natural Investments LLC boosted its position in shares of Union Pacific by 3.7% during the first quarter. Natural Investments LLC now owns 10,293 shares of the railroad operator's stock valued at $2,431,000 after buying an additional 364 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Union Pacific by 29.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,699,109 shares of the railroad operator's stock worth $873,878,000 after buying an additional 850,025 shares in the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

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Union Pacific Stock Up 1.3%

Shares of UNP stock opened at $235.27 on Thursday. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.75. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84. The stock has a market cap of $139.55 billion, a P/E ratio of 19.99, a P/E/G ratio of 2.57 and a beta of 0.99. The company has a 50 day simple moving average of $226.28 and a two-hundred day simple moving average of $225.25.

This Railroad Stock Is Chugging Along to a New All-Time High

Union Pacific (NYSE:UNP - Get Free Report) last issued its quarterly earnings data on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.99 by $0.09. The firm had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6.24 billion. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.75 EPS. On average, research analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Friday, December 5th will be given a $1.38 dividend. The ex-dividend date is Friday, December 5th. This represents a $5.52 dividend on an annualized basis and a yield of 2.3%. Union Pacific's dividend payout ratio is presently 46.90%.

Analyst Ratings Changes

Transports Are Trending Higher: It’s a Golden Time to Buy More

Several research firms have issued reports on UNP. TD Cowen lowered their target price on shares of Union Pacific from $258.00 to $257.00 and set a "buy" rating on the stock in a research note on Friday, October 24th. UBS Group set a $253.00 price objective on shares of Union Pacific and gave the company a "neutral" rating in a report on Friday, October 3rd. Argus cut shares of Union Pacific from a "buy" rating to a "hold" rating in a report on Tuesday, August 12th. BMO Capital Markets decreased 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. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Union Pacific in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $261.63.

Read Our Latest Research Report on Union Pacific

Union Pacific Profile

(Free Report)

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.

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