Mission Wealth Management LP Buys 3,551 Shares of Union Pacific Co. (NYSE:UNP)

Mission Wealth Management LP raised its holdings in shares of Union Pacific Co. (NYSE:UNP - Free Report) by 28.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,177 shares of the railroad operator's stock after purchasing an additional 3,551 shares during the quarter. Mission Wealth Management LP's holdings in Union Pacific were worth $3,822,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Allred Capital Management LLC lifted its position in shares of Union Pacific by 0.5% during the fourth quarter. Allred Capital Management LLC now owns 8,349 shares of the railroad operator's stock worth $1,904,000 after purchasing an additional 40 shares during the last quarter. Palogic Value Management L.P. lifted its position in shares of Union Pacific by 1.5% during the fourth quarter. Palogic Value Management L.P. now owns 2,823 shares of the railroad operator's stock worth $644,000 after purchasing an additional 42 shares during the last quarter. Mystic Asset Management Inc. lifted its position in shares of Union Pacific by 2.0% during the fourth quarter. Mystic Asset Management Inc. now owns 2,309 shares of the railroad operator's stock worth $527,000 after purchasing an additional 45 shares during the last quarter. Strategic Investment Solutions Inc. IL lifted its position in shares of Union Pacific by 38.8% during the fourth 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 last quarter. Finally, Ironwood Investment Counsel LLC lifted its position in shares of Union Pacific by 1.3% during the fourth quarter. Ironwood Investment Counsel LLC now owns 3,458 shares of the railroad operator's stock worth $789,000 after purchasing an additional 46 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on UNP. Susquehanna cut their price target on Union Pacific from $255.00 to $245.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Barclays cut their price target on Union Pacific from $285.00 to $260.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. The Goldman Sachs Group restated a "neutral" rating and set a $263.00 price target on shares of Union Pacific in a research note on Monday, June 2nd. Argus upgraded Union Pacific to a "strong-buy" rating in a research note on Friday, May 16th. Finally, Wells Fargo & Company cut their price target on Union Pacific from $265.00 to $260.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $257.74.

Union Pacific Price Performance

Shares of UNP stock opened at $223.17 on Monday. Union Pacific Co. has a fifty-two week low of $204.66 and a fifty-two week high of $258.07. The firm has a market capitalization of $133.34 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 2.15 and a beta of 1.05. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.77. The stock's 50-day simple moving average is $220.90 and its 200-day simple moving average is $231.45.

Union Pacific (NYSE:UNP - Get Free Report) last issued its quarterly earnings results 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 return on equity of 41.12% and a net margin of 27.82%. The business had revenue of $6.03 billion for the quarter, compared to analysts' expectations of $6.11 billion. During the same quarter in the previous year, the firm posted $2.69 EPS. Union Pacific's revenue was down .1% on a year-over-year basis. As a group, equities analysts forecast that Union Pacific Co. will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be paid a dividend of $1.34 per share. The ex-dividend date is Friday, May 30th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.40%. Union Pacific's payout ratio is 48.29%.

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.

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