Fragasso Financial Advisors Inc Grows Stock Holdings in Union Pacific Co. (NYSE:UNP)

Fragasso Financial Advisors Inc raised its holdings in Union Pacific Co. (NYSE:UNP) by 6.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,972 shares of the railroad operator’s stock after purchasing an additional 1,342 shares during the quarter. Fragasso Financial Advisors Inc’s holdings in Union Pacific were worth $5,416,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Miracle Mile Advisors LLC boosted its holdings in Union Pacific by 0.8% in the 3rd quarter. Miracle Mile Advisors LLC now owns 38,173 shares of the railroad operator’s stock valued at $9,409,000 after purchasing an additional 292 shares in the last quarter. Consilio Wealth Advisors LLC purchased a new stake in Union Pacific in the 3rd quarter valued at approximately $218,000. Chemistry Wealth Management LLC purchased a new stake in Union Pacific in the 3rd quarter valued at approximately $227,000. Diversified Trust Co boosted its holdings in Union Pacific by 23.8% in the 3rd quarter. Diversified Trust Co now owns 18,983 shares of the railroad operator’s stock valued at $4,679,000 after purchasing an additional 3,646 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV boosted its holdings in Union Pacific by 3.0% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 8,632 shares of the railroad operator’s stock valued at $2,128,000 after purchasing an additional 248 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Trading Down 0.8 %

UNP traded down $1.99 during trading on Monday, hitting $236.87. The company’s stock had a trading volume of 1,683,806 shares, compared to its average volume of 2,285,173. The firm’s 50 day moving average price is $246.18 and its 200-day moving average price is $238.75. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.05 and a quick ratio of 0.86. The stock has a market cap of $144.30 billion, a PE ratio of 22.60, a PEG ratio of 2.24 and a beta of 1.05. Union Pacific Co. has a twelve month low of $199.97 and a twelve month high of $258.66.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.03. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The company had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $6.05 billion. During the same period in the previous year, the firm posted $2.57 EPS. Union Pacific’s revenue was up .7% on a year-over-year basis. On average, analysts expect that Union Pacific Co. will post 11.1 earnings per share for the current year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were paid a dividend of $1.34 per share. The ex-dividend date was Friday, August 30th. This is a boost from Union Pacific’s previous quarterly dividend of $1.30. This represents a $5.36 annualized dividend and a dividend yield of 2.26%. Union Pacific’s payout ratio is currently 51.15%.

Insider Activity

In other news, President Elizabeth F. Whited sold 3,552 shares of the business’s stock in a transaction 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 completion of the sale, the president now directly owns 64,945 shares of the company’s stock, valued at $16,014,787.55. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.28% of the company’s stock.

Wall Street Analysts Forecast Growth

UNP has been the topic of a number of analyst reports. Royal Bank of Canada lifted their price objective on Union Pacific from $275.00 to $288.00 and gave the company an “outperform” rating in a report on Monday, September 30th. TD Cowen reduced their price target on shares of Union Pacific from $259.00 to $255.00 and set a “buy” rating for the company in a research report on Friday, July 26th. Benchmark reiterated a “buy” rating and set a $266.00 price target on shares of Union Pacific in a research report on Monday, July 29th. Stifel Nicolaus reduced their price target on shares of Union Pacific from $267.00 to $265.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Finally, Bank of America reduced their price target on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $259.32.

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.