Axxcess Wealth Management LLC Has $4.14 Million Stock Position in Union Pacific Co. (NYSE:UNP)

Axxcess Wealth Management LLC raised its holdings in Union Pacific Co. (NYSE:UNP) by 4.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,816 shares of the railroad operator’s stock after buying an additional 718 shares during the period. Axxcess Wealth Management LLC’s holdings in Union Pacific were worth $4,135,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Desjardins Global Asset Management Inc. raised its holdings in shares of Union Pacific by 1.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 3,000 shares of the railroad operator’s stock valued at $737,000 after buying an additional 41 shares in the last quarter. Twin Capital Management Inc. lifted its stake in Union Pacific by 3.0% in the fourth quarter. Twin Capital Management Inc. now owns 1,394 shares of the railroad operator’s stock worth $342,000 after acquiring an additional 41 shares during the period. Forum Financial Management LP boosted its holdings in Union Pacific by 0.6% in the first quarter. Forum Financial Management LP now owns 7,037 shares of the railroad operator’s stock valued at $1,731,000 after acquiring an additional 41 shares in the last quarter. Mission Wealth Management LP increased its position in Union Pacific by 0.5% during the 4th quarter. Mission Wealth Management LP now owns 7,838 shares of the railroad operator’s stock valued at $1,925,000 after purchasing an additional 42 shares during the period. Finally, Berkeley Capital Partners LLC boosted its stake in shares of Union Pacific by 1.0% during the 4th quarter. Berkeley Capital Partners LLC now owns 4,100 shares of the railroad operator’s stock valued at $1,007,000 after purchasing an additional 42 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Performance

Union Pacific stock traded up $5.01 during mid-day trading on Friday, reaching $240.36. 2,786,994 shares of the company traded hands, compared to its average volume of 2,313,676. The company has a market capitalization of $146.65 billion, a price-to-earnings ratio of 23.05, a price-to-earnings-growth ratio of 2.03 and a beta of 1.06. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.93 and a quick ratio of 0.76. Union Pacific Co. has a fifty-two week low of $199.33 and a fifty-two week high of $258.66. The firm’s fifty day moving average is $229.99 and its two-hundred day moving average is $238.99.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $0.04. The firm had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $6.05 billion. Union Pacific had a net margin of 26.52% and a return on equity of 44.34%. The firm’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the company posted $2.57 earnings per share. On average, equities research analysts expect that Union Pacific Co. will post 11.14 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The company also recently disclosed 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 is a boost from Union Pacific’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Friday, August 30th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.23%. Union Pacific’s dividend payout ratio (DPR) is presently 49.62%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on UNP shares. Raymond James reissued a “strong-buy” rating and issued a $280.00 target price (up previously from $275.00) on shares of Union Pacific in a research report on Friday, April 26th. Jefferies Financial Group initiated coverage on Union Pacific in a research note on Monday, April 8th. They issued a “hold” rating and a $250.00 target price on the stock. Sanford C. Bernstein cut their price target on shares of Union Pacific from $290.00 to $273.00 and set an “outperform” rating on the stock in a report on Monday, July 8th. Benchmark boosted their price objective on shares of Union Pacific from $260.00 to $266.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Finally, Loop Capital lowered Union Pacific from a “buy” rating to a “hold” rating and reduced their target price for the stock from $276.00 to $238.00 in a report on Monday, June 17th. Eight investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $258.75.

Union Pacific Company Profile

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.