Cornerstone Financial Group LLC NE Purchases Shares of 3,305 Union Pacific Co. (NYSE:UNP)

Cornerstone Financial Group LLC NE purchased a new position in shares of Union Pacific Co. (NYSE:UNP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,305 shares of the railroad operator's stock, valued at approximately $754,000.

Several other hedge funds also recently bought and sold shares of UNP. Geode Capital Management LLC lifted its stake in shares of Union Pacific by 12.6% during the fourth quarter. Geode Capital Management LLC now owns 14,430,581 shares of the railroad operator's stock worth $3,282,305,000 after purchasing an additional 1,616,895 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of Union Pacific by 14.3% in the fourth quarter. Capital Research Global Investors now owns 10,395,364 shares of the railroad operator's stock worth $2,370,559,000 after acquiring an additional 1,298,178 shares in the last quarter. Norges Bank acquired a new position in shares of Union Pacific in the fourth quarter worth about $1,927,377,000. Franklin Resources Inc. lifted its stake in shares of Union Pacific by 5.0% in the fourth quarter. Franklin Resources Inc. now owns 7,686,387 shares of the railroad operator's stock worth $1,752,804,000 after acquiring an additional 363,937 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Union Pacific by 15.2% in the fourth quarter. Northern Trust Corp now owns 6,962,650 shares of the railroad operator's stock worth $1,587,763,000 after acquiring an additional 920,414 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Jefferies Financial Group cut their price objective on Union Pacific from $255.00 to $230.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Stifel Nicolaus cut their price objective on Union Pacific from $270.00 to $248.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. UBS Group lowered their target price on Union Pacific from $255.00 to $245.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Wells Fargo & Company lowered their target price on Union Pacific from $265.00 to $260.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Finally, Citigroup raised Union Pacific from a "neutral" rating to a "buy" rating and lowered their target price for the company from $260.00 to $244.00 in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Union Pacific presently has an average rating of "Moderate Buy" and a consensus target price of $257.86.

Union Pacific Stock Performance

Shares of NYSE:UNP traded up $13.31 on Monday, reaching $229.63. 2,342,210 shares of the company's stock were exchanged, compared to its average volume of 2,612,160. The company has a fifty day moving average of $225.66 and a 200-day moving average of $233.76. Union Pacific Co. has a twelve month low of $204.66 and a twelve month high of $258.07. The company has a market capitalization of $137.20 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 2.15 and a beta of 1.07. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76.

Union Pacific (NYSE:UNP - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The railroad operator reported $2.70 earnings per share for the quarter, missing analysts' consensus estimates of $2.73 by ($0.03). Union Pacific had a return on equity of 41.12% and a net margin of 27.82%. The firm had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.11 billion. During the same period last year, the company posted $2.69 EPS. The business's revenue was down .1% on a year-over-year basis. On average, research analysts predict that Union Pacific Co. will post 11.99 EPS for the current fiscal year.

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be paid a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend is Friday, May 30th. Union Pacific's payout ratio is 48.29%.

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