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

Axxcess Wealth Management LLC boosted its position in shares of Union Pacific Co. (NYSE:UNP) by 0.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,952 shares of the railroad operator’s stock after purchasing an additional 136 shares during the period. Axxcess Wealth Management LLC’s holdings in Union Pacific were worth $3,836,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Research Global Investors grew its stake in shares of Union Pacific by 7.6% during the first quarter. Capital Research Global Investors now owns 7,370,752 shares of the railroad operator’s stock valued at $1,812,689,000 after acquiring an additional 518,985 shares in the last quarter. Fisher Asset Management LLC grew its stake in Union Pacific by 2.0% during the 4th quarter. Fisher Asset Management LLC now owns 5,856,266 shares of the railroad operator’s stock valued at $1,438,417,000 after purchasing an additional 113,946 shares in the last quarter. Clearbridge Investments LLC increased its holdings in Union Pacific by 5.7% during the 1st quarter. Clearbridge Investments LLC now owns 4,396,974 shares of the railroad operator’s stock worth $1,081,348,000 after purchasing an additional 237,083 shares during the last quarter. Capital World Investors increased its holdings in Union Pacific by 35.3% during the 1st quarter. Capital World Investors now owns 4,118,477 shares of the railroad operator’s stock worth $1,012,857,000 after purchasing an additional 1,073,625 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Union Pacific by 5.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 3,896,601 shares of the railroad operator’s stock valued at $958,291,000 after buying an additional 205,640 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Insider Buying and Selling

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of Union Pacific stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total transaction of $875,887.68. Following the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.28% of the company’s stock.

Wall Street Analysts Forecast Growth

UNP has been the subject of a number of research analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $275.00 price target on shares of Union Pacific in a research note on Thursday, September 12th. Benchmark reissued a “buy” rating and issued a $266.00 target price on shares of Union Pacific in a research report on Monday, July 29th. Daiwa America cut shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Wells Fargo & Company started coverage on Union Pacific in a report on Friday, June 7th. They issued an “overweight” rating and a $270.00 price objective for the company. Finally, Barclays reduced their target price on Union Pacific from $290.00 to $280.00 and set an “overweight” rating on the stock in a report on Friday, July 26th. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Union Pacific currently has a consensus rating of “Moderate Buy” and an average target price of $258.79.

Union Pacific Stock Performance

UNP stock opened at $253.55 on Wednesday. Union Pacific Co. has a 1 year low of $199.33 and a 1 year high of $258.66. The stock has a market capitalization of $154.70 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 2.20 and a beta of 1.05. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 1.05. The stock’s fifty day moving average is $244.22 and its two-hundred day moving average is $239.08.

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

Union Pacific Increases Dividend

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

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.