Obermeyer Wealth Partners Lowers Stock Position in Union Pacific Corporation (NYSE:UNP)

Obermeyer Wealth Partners decreased its stake in Union Pacific Corporation (NYSE:UNP - Free Report) by 19.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,929 shares of the railroad operator's stock after selling 2,467 shares during the period. Obermeyer Wealth Partners' holdings in Union Pacific were worth $2,346,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Fiduciary Trust Co lifted its position 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 purchasing an additional 2,807 shares during the period. Sherbrooke Park Advisers LLC bought a new stake in Union Pacific in the fourth quarter worth $781,000. Meadow Creek Wealth Advisors LLC raised its position in shares of Union Pacific by 10.9% during the first quarter. Meadow Creek Wealth Advisors LLC now owns 3,666 shares of the railroad operator's stock worth $866,000 after acquiring an additional 359 shares during the last quarter. GAMMA Investing LLC boosted its position in Union Pacific by 16.8% during the first quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator's stock worth $2,491,000 after purchasing an additional 1,520 shares during the period. Finally, Truist Financial Corp increased its stake in shares of Union Pacific by 2.7% in the first quarter. Truist Financial Corp now owns 968,061 shares of the railroad operator's stock valued at $228,695,000 after buying an additional 25,900 shares during the period. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Stock Up 0.5%

NYSE:UNP opened at $225.97 on Tuesday. The company's 50-day simple moving average is $227.52 and its 200-day simple moving average is $231.19. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.61 and a current ratio of 0.73. The stock has a market capitalization of $135.01 billion, a P/E ratio of 20.36, a P/E/G ratio of 2.25 and a beta of 1.05. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $258.07.

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 (EPS) for the quarter, missing the consensus estimate of $2.73 by ($0.03). The firm had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.11 billion. Union Pacific had a net margin of 27.76% and a return on equity of 40.80%. The firm's revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the business posted $2.69 earnings per share. On average, equities analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $5.52 annualized dividend and a dividend yield of 2.44%. This is an increase from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's dividend payout ratio (DPR) is 48.29%.

Analyst Ratings Changes

A number of research analysts have commented on UNP shares. Citigroup upped 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. Barclays lifted their price objective on shares of Union Pacific from $260.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Robert W. Baird initiated coverage on Union Pacific in a research report on Tuesday, July 1st. They issued a "neutral" rating and a $231.00 price target on the stock. Wells Fargo & Company lowered their price objective on Union Pacific from $265.00 to $260.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Finally, Morgan Stanley decreased their price target on Union Pacific from $220.00 to $215.00 and set an "equal weight" rating on the stock in a research report on Monday, July 7th. One investment 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 company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $257.75.

Union Pacific 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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