Cary Street Partners Financial LLC Purchases New Position in Union Pacific Co. (NYSE:UNP)

Cary Street Partners Financial LLC bought a new stake in shares of Union Pacific Co. (NYSE:UNP - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 13,922 shares of the railroad operator's stock, valued at approximately $3,175,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Compass Financial Services Inc bought a new stake in shares of Union Pacific during the 4th quarter valued at about $25,000. Synergy Asset Management LLC bought a new stake in Union Pacific in the 4th quarter worth $29,000. EnRich Financial Partners LLC bought a new position in shares of Union Pacific during the fourth quarter valued at approximately $31,000. PrairieView Partners LLC purchased a new position in shares of Union Pacific during the 4th quarter worth approximately $34,000. Finally, Strategic Investment Solutions Inc. IL lifted its position in Union Pacific by 38.8% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator's stock valued at $39,000 after buying an additional 45 shares during the period. 80.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on UNP shares. Benchmark lifted their price objective on Union Pacific from $266.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Susquehanna decreased their target price on Union Pacific from $255.00 to $245.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. BMO Capital Markets lifted their target price on Union Pacific from $275.00 to $277.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. UBS Group dropped their price objective on shares of Union Pacific from $255.00 to $245.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Finally, TD Cowen raised their price objective on shares of Union Pacific from $245.00 to $258.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Union Pacific has an average rating of "Moderate Buy" and a consensus target price of $257.86.

Union Pacific Stock Performance

Shares of Union Pacific stock traded down $0.64 during midday trading on Friday, hitting $216.20. The company had a trading volume of 2,172,909 shares, compared to its average volume of 2,612,947. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 1.76. Union Pacific Co. has a 12-month low of $204.66 and a 12-month high of $258.07. The stock has a market cap of $129.17 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 2.15 and a beta of 1.07. The company has a fifty day simple moving average of $225.66 and a 200 day simple moving average of $233.73.

Union Pacific (NYSE:UNP - Get Free Report) last issued its earnings results on Thursday, April 24th. The railroad operator reported $2.70 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $6.11 billion. During the same quarter last year, the business earned $2.69 EPS. The business's revenue was down .1% on a year-over-year basis. As a group, analysts predict that Union Pacific Co. will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be paid a $1.34 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.48%. Union Pacific's payout ratio is currently 48.29%.

About Union Pacific

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.