Avaii Wealth Management LLC Acquires Shares of 2,493 Union Pacific Corporation $UNP

Avaii Wealth Management LLC bought a new position in shares of Union Pacific Corporation (NYSE:UNP) during the third quarter, according to its most recent filing with the SEC. The fund bought 2,493 shares of the railroad operator’s stock, valued at approximately $589,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. CBIZ Investment Advisory Services LLC boosted its stake in Union Pacific by 1,400.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock valued at $28,000 after acquiring an additional 112 shares during the last quarter. Howard Hughes Medical Institute bought a new stake in shares of Union Pacific in the 2nd quarter worth approximately $30,000. Financial Gravity Companies Inc. purchased a new position in Union Pacific in the second quarter valued at approximately $31,000. Total Investment Management Inc. bought a new position in Union Pacific during the second quarter valued at $31,000. Finally, Access Investment Management LLC purchased a new stake in Union Pacific in the second quarter worth $32,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Trading Down 0.7%

NYSE:UNP opened at $231.33 on Thursday. The company has a fifty day moving average of $228.10 and a 200 day moving average of $226.88. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $256.84. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $137.22 billion, a P/E ratio of 19.65, a P/E/G ratio of 2.71 and a beta of 0.99.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.09. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.The company had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6.24 billion. During the same quarter in the prior year, the company earned $2.75 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, research analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Friday, December 5th were paid a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Friday, December 5th. Union Pacific’s dividend payout ratio is currently 46.90%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on UNP shares. Barclays reiterated an “overweight” rating and issued a $285.00 target price (up previously from $270.00) on shares of Union Pacific in a research note on Tuesday, December 16th. Cowen reissued a “buy” rating on shares of Union Pacific in a report on Friday, October 24th. The Goldman Sachs Group set a $263.00 target price on Union Pacific and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. UBS Group set a $253.00 price target on Union Pacific and gave the company a “neutral” rating in a research report on Friday, October 3rd. Finally, Susquehanna reissued a “positive” rating and set a $272.00 price objective (up previously from $257.00) on shares of Union Pacific in a report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, Union Pacific currently has an average rating of “Moderate Buy” and an average price target of $260.33.

Union Pacific Company Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.