Octavia Wealth Advisors LLC bought a new stake in Union Pacific Co. (NYSE:UNP – Get Rating) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 862 shares of the railroad operator’s stock, valued at approximately $236,000.
A number of other institutional investors also recently modified their holdings of the business. Mountain Pacific Investment Advisers Inc. ID raised its stake in shares of Union Pacific by 6.2% during the fourth quarter. Mountain Pacific Investment Advisers Inc. ID now owns 2,753 shares of the railroad operator’s stock valued at $694,000 after acquiring an additional 160 shares during the last quarter. PFG Private Wealth Management LLC raised its stake in shares of Union Pacific by 23.3% during the fourth quarter. PFG Private Wealth Management LLC now owns 428 shares of the railroad operator’s stock valued at $108,000 after acquiring an additional 81 shares during the last quarter. CWM LLC bought a new position in shares of Union Pacific during the fourth quarter valued at $4,067,000. Laurel Wealth Advisors Inc. raised its stake in shares of Union Pacific by 266.6% during the fourth quarter. Laurel Wealth Advisors Inc. now owns 5,466 shares of the railroad operator’s stock valued at $1,377,000 after acquiring an additional 3,975 shares during the last quarter. Finally, Berger Financial Group Inc raised its stake in Union Pacific by 37.0% during the fourth quarter. Berger Financial Group Inc now owns 2,453 shares of the railroad operator’s stock worth $618,000 after buying an additional 663 shares during the last quarter. Hedge funds and other institutional investors own 80.26% of the company’s stock.
A number of brokerages recently weighed in on UNP. Citigroup downgraded shares of Union Pacific from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $287.00 to $235.00 in a research note on Thursday, May 19th. TD Securities lifted their target price on shares of Union Pacific from $265.00 to $275.00 and gave the stock a “hold” rating in a research note on Friday, April 22nd. Susquehanna Bancshares lifted their target price on shares of Union Pacific from $306.00 to $310.00 in a research note on Thursday, April 7th. Raymond James lifted their target price on shares of Union Pacific from $280.00 to $285.00 and gave the stock a “strong-buy” rating in a research note on Friday, April 22nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Union Pacific from $267.00 to $276.00 and gave the stock an “overweight” rating in a report on Friday, April 8th. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $263.82.
Shares of NYSE UNP opened at $215.26 on Friday. Union Pacific Co. has a 1 year low of $195.68 and a 1 year high of $278.94. The stock has a market capitalization of $135.19 billion, a P/E ratio of 20.46, a P/E/G ratio of 1.86 and a beta of 1.22. The company has a 50-day moving average price of $221.18 and a 200-day moving average price of $240.39. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.71 and a quick ratio of 0.58.
Union Pacific (NYSE:UNP – Get Rating) last released its quarterly earnings results on Thursday, April 21st. The railroad operator reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.02. Union Pacific had a net margin of 30.06% and a return on equity of 50.20%. The business had revenue of $5.86 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same period in the previous year, the company earned $2.00 earnings per share. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Union Pacific Co. will post 11.61 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Tuesday, May 31st were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, May 27th. This is a boost from Union Pacific’s previous quarterly dividend of $1.18. This represents a $5.20 annualized dividend and a yield of 2.42%. Union Pacific’s payout ratio is 49.43%.
In related news, EVP Kenyatta G. Rocker sold 4,018 shares of the business’s stock in a transaction dated Thursday, April 21st. The shares were sold at an average price of $250.00, for a total transaction of $1,004,500.00. Following the transaction, the executive vice president now directly owns 41,177 shares in the company, valued at $10,294,250. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.28% of the stock is currently owned by insiders.
Union Pacific Company Profile: (Get Rating)
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.
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