Merit Financial Group LLC raised its holdings in Union Pacific Co. (NYSE:UNP - Free Report) by 7.4% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,207 shares of the railroad operator's stock after acquiring an additional 1,732 shares during the quarter. Merit Financial Group LLC's holdings in Union Pacific were worth $5,955,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently bought and sold shares of UNP. Fiduciary Trust Co lifted its holdings in shares of Union Pacific by 2.8% in the 4th quarter. Fiduciary Trust Co now owns 102,213 shares of the railroad operator's stock worth $23,309,000 after buying an additional 2,807 shares during the period. abrdn plc lifted its stake in shares of Union Pacific by 9.3% during the 4th quarter. abrdn plc now owns 415,874 shares of the railroad operator's stock worth $94,588,000 after purchasing an additional 35,414 shares during the last quarter. Sherbrooke Park Advisers LLC purchased a new stake in Union Pacific in the fourth quarter valued at about $781,000. Pinnbrook Capital Management LP purchased a new stake in Union Pacific in the fourth quarter valued at about $3,954,000. Finally, Miramar Capital LLC raised its stake in Union Pacific by 3.1% in the fourth quarter. Miramar Capital LLC now owns 54,564 shares of the railroad operator's stock valued at $12,443,000 after buying an additional 1,648 shares during the last quarter. Institutional investors own 80.38% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have commented on UNP. Stephens decreased their price target on Union Pacific from $275.00 to $255.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Jefferies Financial Group cut their price objective on Union Pacific from $255.00 to $230.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Raymond James reissued a "strong-buy" rating on shares of Union Pacific in a report on Friday, April 25th. Wells Fargo & Company cut their price objective on Union Pacific from $265.00 to $260.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Finally, Stifel Nicolaus cut their price objective on Union Pacific from $270.00 to $248.00 and set a "buy" rating on the stock in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $257.74.
Check Out Our Latest Stock Analysis on Union Pacific
Union Pacific Price Performance
UNP stock traded up $2.74 during mid-day trading on Friday, reaching $223.39. 2,953,392 shares of the company's stock were exchanged, compared to its average volume of 2,678,511. The company has a market cap of $133.47 billion, a price-to-earnings ratio of 20.14, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05. The stock's 50 day moving average is $220.25 and its 200 day moving average is $232.23. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.77 and a quick ratio of 0.62. Union Pacific Co. has a 12-month low of $204.66 and a 12-month high of $258.07.
Union Pacific (NYSE:UNP - Get Free Report) last released its earnings results on Thursday, April 24th. The railroad operator reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.73 by ($0.03). The firm had revenue of $6.03 billion during the quarter, compared to analysts' expectations of $6.11 billion. Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. The business's revenue was down .1% compared to the same quarter last year. During the same quarter last year, the business earned $2.69 EPS. On average, research analysts expect that Union Pacific Co. will post 11.99 EPS for the current year.
Union Pacific Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be given a $1.34 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $5.36 annualized dividend and a dividend yield of 2.40%. Union Pacific's dividend payout ratio (DPR) is presently 48.29%.
Union Pacific Profile
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Free Report)
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.
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