Perfromance Wealth Partners LLC Invests $252,000 in Union Pacific Co. (NYSE:UNP)

Perfromance Wealth Partners LLC bought a new position in shares of Union Pacific Co. (NYSE:UNP) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,021 shares of the railroad operator’s stock, valued at approximately $252,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. BNP Paribas purchased a new position in Union Pacific during the first quarter worth about $1,088,000. Envestnet Portfolio Solutions Inc. boosted its holdings in Union Pacific by 19.0% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 126,369 shares of the railroad operator’s stock worth $31,078,000 after purchasing an additional 20,173 shares during the last quarter. Shellback Capital LP boosted its holdings in Union Pacific by 28.2% during the second quarter. Shellback Capital LP now owns 20,000 shares of the railroad operator’s stock worth $4,525,000 after purchasing an additional 4,400 shares during the last quarter. Peoples Bank KS purchased a new position in Union Pacific during the third quarter worth about $834,000. Finally, M&G Plc purchased a new position in Union Pacific during the first quarter worth about $10,378,000. 80.38% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, President Elizabeth F. Whited sold 3,552 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The shares were 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.28% of the stock is currently owned by insiders.

Analyst Ratings Changes

UNP has been the topic of several analyst reports. Royal Bank of Canada boosted their price target on shares of Union Pacific from $275.00 to $288.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Stifel Nicolaus cut their price target on shares of Union Pacific from $267.00 to $265.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Bank of America dropped their target price on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Daiwa America cut shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Finally, Sanford C. Bernstein dropped their target price on shares of Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a research note on Wednesday. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Union Pacific currently has an average rating of “Moderate Buy” and an average target price of $259.50.

Union Pacific Stock Performance

Shares of UNP stock opened at $242.31 on Friday. The stock has a market capitalization of $147.62 billion, a P/E ratio of 22.75, a PEG ratio of 2.21 and a beta of 1.05. 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 firm’s 50 day moving average is $245.67 and its 200 day moving average is $238.59. Union Pacific Co. has a 12 month low of $199.97 and a 12 month high of $258.66.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share for the quarter, topping analysts’ consensus estimates of $2.71 by $0.03. The business had revenue of $6.01 billion for the quarter, compared to analyst estimates of $6.05 billion. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. Union Pacific’s revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.57 EPS. On average, sell-side analysts anticipate that Union Pacific Co. will post 11.06 earnings per share for the current year.

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were issued a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date was Friday, August 30th. This is a positive change from Union Pacific’s previous quarterly dividend of $1.30. Union Pacific’s dividend payout ratio is 50.33%.

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.