Axiom Advisory LLC Has $601,000 Stock Position in Union Pacific Co. (NYSE:UNP)

Axiom Advisory LLC raised its stake in Union Pacific Co. (NYSE:UNP) by 2.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,496 shares of the railroad operator’s stock after purchasing an additional 66 shares during the period. Axiom Advisory LLC’s holdings in Union Pacific were worth $601,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of UNP. Richardson Capital Management LLC bought a new position in Union Pacific during the first quarter valued at about $26,000. Raleigh Capital Management Inc. increased its position in shares of 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 during the period. Cultivar Capital Inc. acquired a new position in shares of Union Pacific in the second quarter valued at $27,000. Strategic Investment Solutions Inc. IL bought a new position in Union Pacific in the second quarter worth $28,000. Finally, Scarborough Advisors LLC bought a new position in Union Pacific in the fourth quarter worth $29,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Trading Up 0.3 %

UNP stock opened at $237.56 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.89. Union Pacific Co. has a twelve month low of $199.97 and a twelve month high of $258.66. The company has a market cap of $144.72 billion, a P/E ratio of 22.67, a PEG ratio of 2.20 and a beta of 1.05. The business has a fifty day moving average of $246.08 and a 200-day moving average of $238.68.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.71 by $0.03. The company had revenue of $6.01 billion for the quarter, compared to the consensus estimate 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 period in the prior year, the company posted $2.57 EPS. As a group, equities research analysts expect that Union Pacific Co. will post 11.1 EPS for the current year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 30th were given 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 was Friday, August 30th. This represents a $5.36 annualized dividend and a dividend yield of 2.26%. Union Pacific’s payout ratio is presently 51.15%.

Wall Street Analyst Weigh In

UNP has been the subject of a number of recent research reports. Loop Capital cut shares of Union Pacific from a “buy” rating to a “hold” rating and dropped their price objective for the company from $276.00 to $238.00 in a research note on Monday, June 17th. TD Cowen lowered their target price on shares of Union Pacific from $259.00 to $255.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Benchmark restated a “buy” rating and set a $266.00 price target on shares of Union Pacific in a research note on Monday, July 29th. StockNews.com downgraded Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Finally, BMO Capital Markets dropped their target price on Union Pacific from $280.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, September 20th. Eight equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Union Pacific has a consensus rating of “Moderate Buy” and an average price target of $259.32.

Insider Transactions at Union Pacific

In related news, President Elizabeth F. Whited sold 3,552 shares of the company’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total value of $875,887.68. Following the completion of the sale, the president now owns 64,945 shares in the company, valued at approximately $16,014,787.55. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.28% of the stock is owned by corporate insiders.

Union Pacific 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.