Croban Invests $1.05 Million in Union Pacific Corporation (NYSE:UNP)

Croban purchased a new position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,426 shares of the railroad operator's stock, valued at approximately $1,046,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Highline Wealth Partners LLC lifted its position 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 acquiring an additional 59 shares in the last quarter. EnRich Financial Partners LLC acquired a new position in shares of Union Pacific in the 4th quarter valued at approximately $31,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Union Pacific in the 1st quarter valued at approximately $32,000. Cornerstone Planning Group LLC raised its position in shares of Union Pacific by 50.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock valued at $37,000 after purchasing an additional 56 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL raised its position in shares of Union Pacific by 38.8% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator's stock valued at $39,000 after purchasing an additional 45 shares in the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UNP has been the subject of a number of research analyst reports. Citigroup boosted their price target on Union Pacific from $244.00 to $270.00 and gave the company a "buy" rating in a report on Wednesday. Jefferies Financial Group lowered their price target on Union Pacific from $255.00 to $230.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Bank of America boosted 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. Robert W. Baird initiated coverage on Union Pacific in a report on Tuesday, July 1st. They issued a "neutral" rating and a $231.00 price target for the company. Finally, Redburn Atlantic upgraded Union Pacific from a "neutral" rating to a "buy" rating and set a $259.00 price target for the company in a report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $256.63.

Union Pacific Stock Down 0.8%

Shares of UNP traded down $1.99 during midday trading on Friday, reaching $235.01. 3,211,722 shares of the stock were exchanged, compared to its average volume of 2,739,891. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $258.07. The firm has a 50 day simple moving average of $225.77 and a 200-day simple moving average of $231.10. The company has a quick ratio of 0.61, a current ratio of 0.73 and a debt-to-equity ratio of 1.91. The company has a market cap of $140.41 billion, a price-to-earnings ratio of 21.17, a P/E/G ratio of 2.38 and a beta of 1.05.

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 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 company had revenue of $6.03 billion during 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% on a year-over-year basis. Research analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, May 30th were given a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 2.28%. The ex-dividend date was Friday, May 30th. Union Pacific's dividend 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.