Confluence Wealth Services Inc. Purchases 2,453 Shares of Union Pacific Corporation (NYSE:UNP)

Confluence Wealth Services Inc. boosted its position in Union Pacific Corporation (NYSE:UNP - Free Report) by 27.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,426 shares of the railroad operator's stock after acquiring an additional 2,453 shares during the period. Confluence Wealth Services Inc.'s holdings in Union Pacific were worth $2,511,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Highline Wealth Partners LLC boosted its stake in Union Pacific by 103.5% during the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock worth $27,000 after acquiring an additional 59 shares in the last quarter. EnRich Financial Partners LLC bought a new stake in Union Pacific during the fourth quarter worth about $31,000. Strategic Investment Solutions Inc. IL boosted its stake 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 worth $39,000 after acquiring an additional 45 shares in the last quarter. Meeder Asset Management Inc. raised its holdings 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 buying an additional 212 shares during the last quarter. Finally, Transce3nd LLC purchased a new position in Union Pacific in the fourth quarter worth about $72,000. Institutional investors own 80.38% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Redburn Atlantic raised shares of Union Pacific from a "neutral" rating to a "buy" rating and set a $259.00 target price for the company in a report on Wednesday, April 16th. Stifel Nicolaus decreased their target price on shares of Union Pacific from $270.00 to $248.00 and set a "buy" rating for the company in a report on Monday, April 14th. Jefferies Financial Group decreased their target price on shares of Union Pacific from $255.00 to $230.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Argus raised shares of Union Pacific to a "strong-buy" rating in a report on Friday, May 16th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of Union Pacific in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $258.39.

Union Pacific Stock Performance

NYSE UNP traded up $1.97 during trading hours on Friday, hitting $231.36. 7,430,636 shares of the company's stock traded hands, compared to its average volume of 2,710,642. The business's fifty day moving average price is $222.11 and its two-hundred day moving average price is $230.70. 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 capitalization of $138.23 billion, a P/E ratio of 20.85, a P/E/G ratio of 2.32 and a beta of 1.05. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $258.07.

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

Union Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be given a dividend of $1.34 per share. The ex-dividend date is Friday, May 30th. This represents a $5.36 annualized dividend and a yield of 2.32%. Union Pacific's dividend payout ratio (DPR) is 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.