Dock Street Asset Management Inc. Invests $1.20 Million in Union Pacific Corporation (NYSE:UNP)

Dock Street Asset Management Inc. acquired a new stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 5,059 shares of the railroad operator's stock, valued at approximately $1,195,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pittenger & Anderson Inc. raised its holdings in shares of Union Pacific by 1.5% in the first quarter. Pittenger & Anderson Inc. now owns 91,545 shares of the railroad operator's stock worth $21,627,000 after buying an additional 1,365 shares during the last quarter. Platform Technology Partners increased its stake in shares of Union Pacific by 24.4% in the first quarter. Platform Technology Partners now owns 10,390 shares of the railroad operator's stock worth $2,455,000 after acquiring an additional 2,035 shares during the period. Arizona State Retirement System increased its stake in shares of Union Pacific by 0.9% in the first quarter. Arizona State Retirement System now owns 177,920 shares of the railroad operator's stock worth $42,032,000 after acquiring an additional 1,573 shares during the period. Kathmere Capital Management LLC increased its stake in shares of Union Pacific by 28.3% in the first quarter. Kathmere Capital Management LLC now owns 8,150 shares of the railroad operator's stock worth $1,925,000 after acquiring an additional 1,800 shares during the period. Finally, Ballentine Partners LLC increased its stake in shares of Union Pacific by 4.2% in the first quarter. Ballentine Partners LLC now owns 17,070 shares of the railroad operator's stock worth $4,033,000 after acquiring an additional 695 shares during the period. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Stock Down 0.0%

NYSE UNP traded down $0.05 on Wednesday, hitting $231.09. 2,349,897 shares of the stock were exchanged, compared to its average volume of 2,735,288. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $258.07. The company has a 50-day moving average price of $226.80 and a 200-day moving average price of $231.18. 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 $138.07 billion, a PE ratio of 20.82, a PEG ratio of 2.32 and a beta of 1.05.

Union Pacific (NYSE:UNP - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $6.03 billion during the quarter, compared to analysts' expectations of $6.11 billion. During the same period in the prior year, the company posted $2.69 earnings per share. The company's revenue for the quarter was down .1% on a year-over-year basis. Sell-side analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, May 30th were issued a dividend of $1.34 per share. The ex-dividend date was Friday, May 30th. This represents a $5.36 annualized dividend and a yield of 2.32%. Union Pacific's dividend payout ratio (DPR) is currently 48.29%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on UNP shares. Morgan Stanley cut their price objective on shares of Union Pacific from $220.00 to $215.00 and set an "equal weight" rating for the company in a report on Monday, July 7th. Wells Fargo & Company cut their price objective on shares of Union Pacific from $265.00 to $260.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $271.00 target price (up previously from $267.00) on shares of Union Pacific in a research report on Tuesday, July 8th. Citigroup lifted their target price on shares of Union Pacific from $244.00 to $270.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Finally, Raymond James Financial reiterated a "strong-buy" rating on shares of Union Pacific in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $257.13.

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.