9,098 Shares in Union Pacific Co. (NYSE:UNP) Purchased by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV purchased a new position in Union Pacific Co. (NYSE:UNP - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,098 shares of the railroad operator's stock, valued at approximately $2,149,000.

A number of other hedge funds have also made changes to their positions in the stock. CVA Family Office LLC increased its holdings in Union Pacific by 4.3% in the first quarter. CVA Family Office LLC now owns 3,157 shares of the railroad operator's stock worth $746,000 after buying an additional 129 shares during the last quarter. Salem Investment Counselors Inc. increased its holdings in Union Pacific by 9.1% in the first quarter. Salem Investment Counselors Inc. now owns 3,544 shares of the railroad operator's stock worth $837,000 after buying an additional 295 shares during the last quarter. Everhart Financial Group Inc. increased its holdings in Union Pacific by 45.7% in the first quarter. Everhart Financial Group Inc. now owns 2,387 shares of the railroad operator's stock worth $564,000 after buying an additional 749 shares during the last quarter. Bar Harbor Wealth Management increased its holdings in Union Pacific by 0.4% in the first quarter. Bar Harbor Wealth Management now owns 45,846 shares of the railroad operator's stock worth $10,831,000 after buying an additional 181 shares during the last quarter. Finally, Relyea Zuckerberg Hanson LLC increased its holdings in Union Pacific by 1.1% in the first quarter. Relyea Zuckerberg Hanson LLC now owns 4,892 shares of the railroad operator's stock worth $1,156,000 after buying an additional 55 shares during the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on UNP shares. Raymond James restated a "strong-buy" rating on shares of Union Pacific in a report on Friday, April 25th. Stephens dropped their price objective on Union Pacific from $275.00 to $255.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. The Goldman Sachs Group reiterated a "neutral" rating and set a $263.00 price target on shares of Union Pacific in a report on Monday, June 2nd. Deutsche Bank Aktiengesellschaft started coverage on Union Pacific in a report on Friday, March 7th. They set a "buy" rating and a $295.00 price target on the stock. Finally, Bank of America increased their price target on Union Pacific from $256.00 to $262.00 and gave the company a "buy" rating in a report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Union Pacific has a consensus rating of "Moderate Buy" and a consensus target price of $257.74.

Union Pacific Stock Performance

UNP stock traded down $2.32 during midday trading on Friday, hitting $223.17. The stock had a trading volume of 1,670,100 shares, compared to its average volume of 2,685,196. The firm has a market capitalization of $133.34 billion, a price-to-earnings ratio of 20.12, a P/E/G ratio of 2.15 and a beta of 1.05. Union Pacific Co. has a 52 week low of $204.66 and a 52 week high of $258.07. The stock has a 50-day simple moving average of $220.90 and a 200 day simple moving average of $231.55. 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 data 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 net margin of 27.82% and a return on equity of 41.12%. The company had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.11 billion. During the same period in the previous year, the business posted $2.69 earnings per share. The firm's revenue was down .1% compared to the same quarter last year. As a group, equities research analysts anticipate that Union Pacific Co. will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

The firm also recently announced 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 2.40%. Union Pacific's dividend payout ratio (DPR) is presently 48.29%.

Union Pacific 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.