Kathmere Capital Management LLC Grows Stake in Union Pacific Corporation (NYSE:UNP)

Kathmere Capital Management LLC grew its holdings in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 28.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,150 shares of the railroad operator's stock after buying an additional 1,800 shares during the quarter. Kathmere Capital Management LLC's holdings in Union Pacific were worth $1,925,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in UNP. Highline Wealth Partners LLC raised its position in Union Pacific by 103.5% in the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock worth $27,000 after purchasing an additional 59 shares during the period. Financial Gravity Asset Management Inc. purchased a new stake in Union Pacific in the 1st quarter worth about $32,000. EnRich Financial Partners LLC purchased a new stake in Union Pacific in the 4th quarter worth about $31,000. Strategic Investment Solutions Inc. IL raised its position in Union Pacific by 38.8% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator's stock worth $39,000 after purchasing an additional 45 shares during the period. Finally, Cornerstone Planning Group LLC raised its position in Union Pacific by 50.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock worth $37,000 after purchasing an additional 56 shares during the period. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Stock Down 0.8%

Shares of NYSE UNP traded down $1.99 during midday trading on Friday, reaching $235.01. 3,211,722 shares of the company's stock traded hands, compared to its average volume of 2,739,891. 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 stock's 50 day simple moving average is $226.11 and its 200-day simple moving average is $231.14. Union Pacific Corporation has a one year low of $204.66 and a one year high of $258.07. 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 released 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 27.76% and a return on equity of 40.80%. The business had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.11 billion. During the same quarter in the prior year, the business posted $2.69 earnings per share. Union Pacific's revenue for the quarter was down .1% on a year-over-year basis. On average, analysts predict that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, May 30th were paid a dividend of $1.34 per share. The ex-dividend date was Friday, May 30th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.28%. Union Pacific's dividend payout ratio is presently 48.29%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on UNP shares. Susquehanna raised shares of Union Pacific from a "neutral" rating to a "positive" rating and increased their price objective for the stock from $245.00 to $260.00 in a research report on Tuesday, June 24th. The Goldman Sachs Group reissued a "neutral" rating and issued a $263.00 price objective on shares of Union Pacific in a research report on Monday, June 2nd. Redburn Atlantic raised shares of Union Pacific from a "neutral" rating to a "buy" rating and set a $259.00 price objective on the stock in a research report on Wednesday, April 16th. Robert W. Baird initiated coverage on shares of Union Pacific in a research report on Tuesday, July 1st. They issued a "neutral" rating and a $231.00 price objective on the stock. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of Union Pacific in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $256.63.

Union Pacific Company 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.