Thrive Wealth Management LLC Increases Stock Holdings in Union Pacific Co. (NYSE:UNP)

Thrive Wealth Management LLC increased its holdings in shares of Union Pacific Co. (NYSE:UNP) by 21.1% during the second quarter, HoldingsChannel reports. The institutional investor owned 3,932 shares of the railroad operator’s stock after acquiring an additional 684 shares during the period. Thrive Wealth Management LLC’s holdings in Union Pacific were worth $805,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. MAS Advisors LLC purchased a new position in Union Pacific in the 1st quarter valued at $233,000. Roundview Capital LLC lifted its holdings in Union Pacific by 3.8% in the 1st quarter. Roundview Capital LLC now owns 16,608 shares of the railroad operator’s stock valued at $4,537,000 after purchasing an additional 614 shares in the last quarter. Dakota Wealth Management purchased a new position in Union Pacific in the 1st quarter valued at $569,000. Candriam Luxembourg S.C.A. increased its stake in shares of Union Pacific by 3.7% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 47,144 shares of the railroad operator’s stock worth $12,880,000 after acquiring an additional 1,664 shares during the last quarter. Finally, Mather Group LLC. increased its stake in shares of Union Pacific by 10.1% in the 1st quarter. Mather Group LLC. now owns 1,745 shares of the railroad operator’s stock worth $477,000 after acquiring an additional 160 shares during the last quarter. Hedge funds and other institutional investors own 77.36% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on UNP. Citigroup raised their target price on Union Pacific from $235.00 to $270.00 in a research note on Thursday, July 27th. StockNews.com began coverage on Union Pacific in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Morgan Stanley cut their target price on Union Pacific from $171.00 to $168.00 in a research note on Thursday, July 6th. Benchmark raised their price objective on Union Pacific from $230.00 to $264.00 in a research report on Thursday, July 27th. Finally, Robert W. Baird raised their price objective on Union Pacific from $228.00 to $260.00 in a research report on Thursday, July 27th. Twelve investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $233.97.

Insider Buying and Selling

In related news, CFO Jennifer L. Hamann sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $222.83, for a total transaction of $222,830.00. Following the completion of the sale, the chief financial officer now owns 99,378 shares in the company, valued at $22,144,399.74. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 transaction of $1,935,141.00. Following the transaction, the executive vice president now owns 42,061 shares of the company’s stock, valued at $9,355,628.23. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 transaction, the chief financial officer now directly owns 99,378 shares in the company, valued at approximately $22,144,399.74. The disclosure for this sale can be found here. 0.28% of the stock is owned by company insiders.

Union Pacific Stock Down 0.2 %

Shares of UNP traded down $0.44 during midday trading on Monday, hitting $212.88. The company had a trading volume of 118,428 shares, compared to its average volume of 2,938,051. The company’s 50-day simple moving average is $220.88 and its 200-day simple moving average is $206.44. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.57 and a current ratio of 0.71. The firm has a market capitalization of $129.74 billion, a P/E ratio of 19.46, a P/E/G ratio of 2.05 and a beta of 1.11. Union Pacific Co. has a 1 year low of $183.69 and a 1 year high of $240.48.

Union Pacific (NYSE:UNP) last posted its earnings results on Wednesday, July 26th. The railroad operator reported $2.57 earnings per share 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 analysts’ expectations of $6.09 billion. Union Pacific had a return on equity of 55.03% and a net margin of 27.18%. Union Pacific’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.93 EPS. As a group, sell-side analysts expect that Union Pacific Co. will post 10.5 EPS for the current year.

Union Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.44%. The ex-dividend date is Wednesday, August 30th. Union Pacific’s payout ratio is 47.45%.

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, 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.