Golden State Wealth Management LLC Increases Position in Union Pacific Corporation (NYSE:UNP)

Golden State Wealth Management LLC lifted its position in Union Pacific Corporation (NYSE:UNP - Free Report) by 224.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,195 shares of the railroad operator's stock after buying an additional 3,593 shares during the period. Golden State Wealth Management LLC's holdings in Union Pacific were worth $1,228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Highline Wealth Partners LLC lifted its position in Union Pacific by 103.5% during the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock valued at $27,000 after purchasing an additional 59 shares in the last quarter. EnRich Financial Partners LLC purchased a new position in Union Pacific during the fourth quarter valued at $31,000. Strategic Investment Solutions Inc. IL raised its holdings 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 valued at $39,000 after acquiring an additional 45 shares during the period. Meeder Asset Management Inc. raised its holdings in Union Pacific by 223.2% during the fourth quarter. Meeder Asset Management Inc. now owns 307 shares of the railroad operator's stock valued at $70,000 after acquiring an additional 212 shares during the period. Finally, Transce3nd LLC bought a new stake in Union Pacific during the fourth quarter valued at about $72,000. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UNP has been the topic of a number of recent analyst reports. The Goldman Sachs Group reissued a "neutral" rating and set a $263.00 price target on shares of Union Pacific in a report on Monday, June 2nd. Wells Fargo & Company decreased their price target on Union Pacific from $265.00 to $260.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Argus raised Union Pacific to a "strong-buy" rating in a report on Friday, May 16th. Susquehanna raised Union Pacific from a "neutral" rating to a "positive" rating and raised their price target for the company from $245.00 to $260.00 in a report on Tuesday, June 24th. Finally, Jefferies Financial Group decreased their price target on Union Pacific from $255.00 to $230.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $258.39.

Union Pacific Trading Up 0.9%

UNP traded up $1.97 on Friday, hitting $231.36. The company had a trading volume of 7,430,636 shares, compared to its average volume of 2,710,642. The company has a market cap of $138.23 billion, a PE ratio of 20.84, a PEG ratio of 2.32 and a beta of 1.05. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $258.07. 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 business's fifty day simple moving average is $222.11 and its 200 day simple moving average is $230.68.

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

Union Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be given a $1.34 dividend. 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 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.