Buckley Wealth Management LLC Acquires 846 Shares of Union Pacific Co. (NYSE:UNP)

Buckley Wealth Management LLC boosted its position in Union Pacific Co. (NYSE:UNP) by 23.9% in the second quarter, Holdings Channel.com reports. The firm owned 4,388 shares of the railroad operator’s stock after buying an additional 846 shares during the quarter. Buckley Wealth Management LLC’s holdings in Union Pacific were worth $898,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. NewSquare Capital LLC raised its holdings in Union Pacific by 116.7% in the first quarter. NewSquare Capital LLC now owns 130 shares of the railroad operator’s stock worth $26,000 after purchasing an additional 70 shares in the last quarter. Tucker Asset Management LLC bought a new position in Union Pacific in the first quarter worth $26,000. Miller Wealth Advisors LLC raised its holdings in Union Pacific by 108.3% in the first quarter. Miller Wealth Advisors LLC now owns 125 shares of the railroad operator’s stock worth $30,000 after purchasing an additional 65 shares in the last quarter. Centerpoint Advisors LLC raised its holdings in Union Pacific by 86.7% in the first quarter. Centerpoint Advisors LLC now owns 155 shares of the railroad operator’s stock worth $31,000 after purchasing an additional 72 shares in the last quarter. Finally, Coppell Advisory Solutions Corp. bought a new position in shares of Union Pacific during the fourth quarter valued at $32,000. Institutional investors own 77.36% of the company’s stock.

Wall Street Analysts Forecast Growth

UNP has been the subject of several analyst reports. Stifel Nicolaus raised their price target on Union Pacific from $216.00 to $223.00 in a report on Monday, July 17th. Wells Fargo & Company raised their price target on Union Pacific from $200.00 to $245.00 in a report on Thursday, July 27th. Barclays raised their price target on Union Pacific from $230.00 to $285.00 and gave the company an “overweight” rating in a report on Thursday, July 27th. Royal Bank of Canada upgraded Union Pacific from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $193.00 to $282.00 in a report on Wednesday, July 26th. Finally, StockNews.com initiated coverage on Union Pacific in a report on Thursday, August 17th. They set a “hold” rating for the company. Twelve investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Union Pacific currently has an average rating of “Moderate Buy” and a consensus price target of $233.97.

Union Pacific Stock Performance

Shares of NYSE UNP traded up $0.47 during trading on Monday, hitting $213.79. The company had a trading volume of 354,462 shares, compared to its average volume of 2,939,171. The stock has a 50 day simple moving average of $220.88 and a 200 day simple moving average of $206.44. The firm has a market capitalization of $130.30 billion, a P/E ratio of 19.46, a price-to-earnings-growth ratio of 2.05 and a beta of 1.11. Union Pacific Co. has a 12 month low of $183.69 and a 12 month high of $240.48. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.57 and a current ratio of 0.71.

Union Pacific (NYSE:UNP) last issued its earnings results on Wednesday, July 26th. The railroad operator reported $2.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.75 by ($0.18). The business had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.09 billion. Union Pacific had a net margin of 27.18% and a return on equity of 55.03%. The firm’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period last year, the business posted $2.93 EPS. As a group, analysts anticipate that Union Pacific Co. will post 10.5 earnings per share for the current year.

Union Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date is Wednesday, August 30th. Union Pacific’s payout ratio is 47.45%.

Insiders Place Their Bets

In other Union Pacific news, EVP Kenyatta G. Rocker sold 8,700 shares of Union Pacific stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $222.43, for a total value of $1,935,141.00. Following the sale, the executive vice president now owns 42,061 shares of the company’s stock, valued at approximately $9,355,628.23. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Union Pacific news, EVP Kenyatta G. Rocker sold 8,700 shares of Union Pacific stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $222.43, for a total value of $1,935,141.00. Following the sale, the executive vice president now owns 42,061 shares of the company’s stock, valued at approximately $9,355,628.23. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Jennifer L. Hamann sold 1,000 shares of Union Pacific stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $222.83, for a total value of $222,830.00. Following the completion of the transaction, the chief financial officer now owns 99,378 shares of the company’s stock, valued at approximately $22,144,399.74. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.

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, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.