Alpine Bank Wealth Management Takes $609,000 Position in Union Pacific Corporation (NYSE:UNP)

Alpine Bank Wealth Management bought a new stake in Union Pacific Corporation (NYSE:UNP - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,576 shares of the railroad operator's stock, valued at approximately $609,000.

Other large investors have also modified their holdings of the company. Highline Wealth Partners LLC increased its stake in Union Pacific by 103.5% during the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock worth $27,000 after buying an additional 59 shares during the period. EnRich Financial Partners LLC acquired a new position in shares of Union Pacific during the fourth quarter worth approximately $31,000. Strategic Investment Solutions Inc. IL lifted its holdings in Union Pacific by 38.8% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator's stock worth $39,000 after purchasing an additional 45 shares during the period. Meeder Asset Management Inc. lifted its position in Union Pacific by 223.2% in the fourth quarter. Meeder Asset Management Inc. now owns 307 shares of the railroad operator's stock worth $70,000 after purchasing an additional 212 shares during the period. Finally, Transce3nd LLC acquired a new position in Union Pacific during the fourth quarter worth about $72,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Trading Up 1.3%

Shares of UNP traded up $3.04 during trading hours on Thursday, reaching $229.85. 2,960,164 shares of the company traded hands, compared to its average volume of 2,691,307. The company has a current ratio of 0.73, a quick ratio of 0.61 and a debt-to-equity ratio of 1.91. The firm has a market cap of $137.33 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 2.28 and a beta of 1.05. The stock's fifty day moving average price is $221.70 and its 200 day moving average price is $230.78. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $258.07.

Union Pacific (NYSE:UNP - Get Free Report) last posted its earnings results on Thursday, April 24th. The railroad operator reported $2.70 EPS for the quarter, missing analysts' consensus estimates of $2.73 by ($0.03). Union Pacific had a net margin of 27.76% and a return on equity of 40.80%. The business had revenue of $6.03 billion for the quarter, compared to analysts' expectations of $6.11 billion. During the same period last year, the business posted $2.69 EPS. The company's revenue for the quarter was down .1% on a year-over-year basis. Sell-side analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be issued a dividend of $1.34 per share. 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 dividend payout ratio (DPR) is 48.29%.

Analyst Upgrades and Downgrades

UNP has been the subject of several recent analyst reports. Bank of America raised their target price on Union Pacific from $256.00 to $262.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Citigroup raised Union Pacific from a "neutral" rating to a "buy" rating and reduced their price target for the stock from $260.00 to $244.00 in a research report on Tuesday, April 8th. Redburn Atlantic upgraded shares of Union Pacific from a "neutral" rating to a "buy" rating and set a $259.00 target price on the stock in a report on Wednesday, April 16th. Argus upgraded shares of Union Pacific to a "strong-buy" rating in a research note on Friday, May 16th. Finally, Raymond James Financial restated a "strong-buy" rating on shares of Union Pacific in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $258.39.

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.