Allegheny Financial Group Grows Position in Union Pacific Corporation $UNP

Allegheny Financial Group raised its stake in shares of Union Pacific Corporation (NYSE:UNP) by 32.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,128 shares of the railroad operator’s stock after purchasing an additional 1,994 shares during the period. Allegheny Financial Group’s holdings in Union Pacific were worth $1,921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Howard Hughes Medical Institute purchased a new stake in Union Pacific during the second quarter worth $30,000. Total Investment Management Inc. purchased a new stake in Union Pacific in the 2nd quarter worth $31,000. Financial Gravity Companies Inc. acquired a new stake in shares of Union Pacific in the second quarter worth approximately $31,000. Access Investment Management LLC acquired a new stake in Union Pacific in the 2nd quarter valued at about $32,000. Finally, Sagard Holdings Management Inc. purchased a new stake in shares of Union Pacific in the second quarter valued at about $33,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Stock Up 2.8%

UNP stock opened at $261.47 on Wednesday. The firm has a 50 day simple moving average of $234.90 and a 200-day simple moving average of $227.90. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $261.55. The company has a market capitalization of $155.15 billion, a P/E ratio of 21.84, a PEG ratio of 2.77 and a beta of 0.98. The company has a current ratio of 0.91, a quick ratio of 0.60 and a debt-to-equity ratio of 1.64.

Union Pacific (NYSE:UNP) last released its earnings results on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share for the quarter, missing the consensus estimate of $2.92 by ($0.06). Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. The business had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.15 billion. During the same quarter in the previous year, the firm earned $2.91 EPS. The firm’s revenue for the quarter was down .6% on a year-over-year basis. On average, equities research analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, February 27th. Union Pacific’s payout ratio is currently 46.12%.

Analysts Set New Price Targets

A number of research firms recently weighed in on UNP. JPMorgan Chase & Co. lowered their price objective on shares of Union Pacific from $270.00 to $265.00 and set a “neutral” rating for the company in a research report on Wednesday, January 28th. Royal Bank Of Canada set a $280.00 price target on Union Pacific in a research report on Thursday, December 18th. Susquehanna reissued a “buy” rating on shares of Union Pacific in a report on Monday, January 19th. Deutsche Bank Aktiengesellschaft set a $245.00 price target on shares of Union Pacific in a report on Thursday, December 11th. Finally, Citigroup reiterated a “buy” rating and set a $270.00 target price (up from $265.00) on shares of Union Pacific in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Union Pacific presently has a consensus rating of “Moderate Buy” and a consensus target price of $258.32.

Union Pacific 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.