Belpointe Asset Management LLC Buys 71 Shares of Union Pacific Co. (NYSE:UNP)

Belpointe Asset Management LLC lifted its stake in Union Pacific Co. (NYSE:UNP) by 0.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,875 shares of the railroad operator’s stock after buying an additional 71 shares during the quarter. Belpointe Asset Management LLC’s holdings in Union Pacific were worth $1,782,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UNP. OLD Point Trust & Financial Services N A bought a new stake in Union Pacific in the 4th quarter worth approximately $25,000. Richardson Capital Management LLC purchased a new stake in Union Pacific during the first quarter valued at $26,000. Raleigh Capital Management Inc. raised its stake in Union Pacific by 211.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 109 shares of the railroad operator’s stock valued at $27,000 after purchasing an additional 74 shares in the last quarter. Scarborough Advisors LLC bought a new position in Union Pacific during the fourth quarter valued at $29,000. Finally, Cultivar Capital Inc. purchased a new position in shares of Union Pacific in the 2nd quarter worth $27,000. Institutional investors own 80.38% of the company’s stock.

Insider Activity at Union Pacific

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the business’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total value of $875,887.68. Following the completion of the transaction, the president now directly owns 64,945 shares in the company, valued at $16,014,787.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.28% of the stock is owned by corporate insiders.

Union Pacific Price Performance

UNP opened at $255.70 on Thursday. The company has a current ratio of 1.05, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89. The business’s fifty day simple moving average is $239.52 and its 200-day simple moving average is $239.27. The company has a market capitalization of $155.77 billion, a price-to-earnings ratio of 24.40, a PEG ratio of 2.27 and a beta of 1.05. Union Pacific Co. has a 12-month low of $199.33 and a 12-month high of $258.66.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.71 by $0.03. 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 26.90% and a return on equity of 42.62%. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.57 EPS. On average, equities research analysts anticipate that Union Pacific Co. will post 11.11 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors 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. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Friday, August 30th. Union Pacific’s dividend payout ratio is 51.15%.

Wall Street Analyst Weigh In

UNP has been the topic of several recent research reports. Wells Fargo & Company began coverage on shares of Union Pacific in a report on Friday, June 7th. They issued an “overweight” rating and a $270.00 price target for the company. Stifel Nicolaus lowered their price objective on Union Pacific from $267.00 to $265.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Barclays cut their target price on Union Pacific from $290.00 to $280.00 and set an “overweight” rating on the stock in a research report on Friday, July 26th. Sanford C. Bernstein lowered their price target on Union Pacific from $290.00 to $273.00 and set an “outperform” rating for the company in a research report on Monday, July 8th. Finally, StockNews.com cut shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $258.79.

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.