RKL Wealth Management LLC Cuts Position in Union Pacific Corporation $UNP

by · The Markets Daily

RKL Wealth Management LLC decreased its holdings in Union Pacific Corporation (NYSE:UNP – Free Report) by 12.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,886 shares of the railroad operator’s stock after selling 2,193 shares during the quarter. RKL Wealth Management LLC’s holdings in Union Pacific were worth $3,519,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Howard Hughes Medical Institute purchased a new stake in shares of Union Pacific in the second quarter valued at approximately $30,000. Total Investment Management Inc. acquired a new stake in Union Pacific in the 2nd quarter valued at $31,000. Financial Gravity Companies Inc. purchased a new stake in Union Pacific in the 2nd quarter worth $31,000. Access Investment Management LLC purchased a new stake in Union Pacific in the 2nd quarter worth $32,000. Finally, Sagard Holdings Management Inc. acquired a new position in Union Pacific during the second quarter worth $33,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Trading Down 0.8%

UNP opened at $264.53 on Thursday. The firm has a market capitalization of $156.97 billion, a price-to-earnings ratio of 22.10, a price-to-earnings-growth ratio of 2.91 and a beta of 0.98. The company’s 50 day simple moving average is $240.85 and its two-hundred day simple moving average is $230.93. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $267.88. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.91 and a quick ratio of 0.75.

Union Pacific (NYSE:UNP – Get Free Report) last posted its quarterly earnings results on Tuesday, January 27th. The railroad operator reported $2.86 EPS for the quarter, missing the consensus estimate of $2.92 by ($0.06). The company had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.15 billion. Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. Union Pacific’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.91 EPS. Analysts expect that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.52 annualized dividend and a dividend yield of 2.1%. Union Pacific’s payout ratio is presently 46.12%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on UNP. The Goldman Sachs Group reiterated a “neutral” rating and issued a $267.00 target price on shares of Union Pacific in a research report on Tuesday, January 27th. BMO Capital Markets reiterated a “market perform” rating and issued a $295.00 price objective on shares of Union Pacific in a report on Thursday, February 19th. Susquehanna reiterated a “buy” rating on shares of Union Pacific in a research note on Monday, January 19th. TD Cowen decreased their target price on Union Pacific from $257.00 to $255.00 and set a “buy” rating on the stock in a research report on Wednesday, January 28th. Finally, Barclays reaffirmed an “overweight” rating and issued a $285.00 price target (up from $270.00) on shares of Union Pacific in a research note on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $260.14.

Get Our Latest Stock Report on Union Pacific

About Union Pacific

(Free Report)

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.

See Also

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