Sheaff Brock Investment Advisors LLC Grows Holdings in Union Pacific Co. (NYSE:UNP)
Sheaff Brock Investment Advisors LLC lifted its holdings in Union Pacific Co. (NYSE:UNP) by 91.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,213 shares of the railroad operator’s stock after buying an additional 4,402 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Union Pacific were worth $1,558,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Cibc Bank USA boosted its stake in Union Pacific by 19.9% in the 2nd quarter. Cibc Bank USA now owns 5,153 shares of the railroad operator’s stock worth $872,000 after purchasing an additional 857 shares in the last quarter. CWM LLC boosted its stake in Union Pacific by 54.1% in the 2nd quarter. CWM LLC now owns 92,183 shares of the railroad operator’s stock worth $15,589,000 after purchasing an additional 32,379 shares in the last quarter. Rosenblum Silverman Sutton S F Inc. CA bought a new position in Union Pacific in the 2nd quarter worth about $224,000. Geneva Partners LLC bought a new position in Union Pacific in the 2nd quarter worth about $1,276,000. Finally, Signaturefd LLC boosted its stake in Union Pacific by 2.3% in the 2nd quarter. Signaturefd LLC now owns 5,840 shares of the railroad operator’s stock worth $988,000 after purchasing an additional 130 shares in the last quarter. 79.02% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have issued reports on the stock. ValuEngine cut shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Raymond James set a $197.00 price objective on shares of Union Pacific and gave the company a “buy” rating in a report on Friday, July 19th. UBS Group set a $201.00 price objective on shares of Union Pacific and gave the company a “buy” rating in a report on Friday, July 19th. Morgan Stanley set a $140.00 price objective on shares of Union Pacific and gave the company a “sell” rating in a report on Friday, July 19th. Finally, Goldman Sachs Group initiated coverage on shares of Union Pacific in a report on Wednesday, July 10th. They issued a “buy” rating and a $198.00 target price for the company. One analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $182.62.
Shares of UNP stock traded up $3.60 on Tuesday, reaching $169.27. The company’s stock had a trading volume of 1,569,544 shares, compared to its average volume of 3,571,146. The stock’s fifty day simple moving average is $171.53. Union Pacific Co. has a 1 year low of $128.08 and a 1 year high of $180.54. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.72 and a quick ratio of 0.58. The stock has a market capitalization of $118.37 billion, a P/E ratio of 21.40, a price-to-earnings-growth ratio of 1.88 and a beta of 1.04.
Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, July 18th. The railroad operator reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.10. The firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.62 billion. Union Pacific had a net margin of 26.95% and a return on equity of 31.74%. Union Pacific’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period last year, the firm posted $1.98 earnings per share. On average, research analysts expect that Union Pacific Co. will post 8.96 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be given a $0.97 dividend. The ex-dividend date is Thursday, August 29th. This is an increase from Union Pacific’s previous quarterly dividend of $0.88. This represents a $3.88 dividend on an annualized basis and a yield of 2.29%. Union Pacific’s dividend payout ratio (DPR) is currently 44.50%.
Union Pacific Company Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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