Platform Technology Partners Has $2.46 Million Position in Union Pacific Corporation (NYSE:UNP)

Platform Technology Partners raised its stake in Union Pacific Corporation (NYSE:UNP - Free Report) by 24.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,390 shares of the railroad operator's stock after buying an additional 2,035 shares during the period. Platform Technology Partners' holdings in Union Pacific were worth $2,455,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Proficio Capital Partners LLC boosted its holdings in Union Pacific by 46.1% in the fourth quarter. Proficio Capital Partners LLC now owns 2,211 shares of the railroad operator's stock worth $504,000 after purchasing an additional 698 shares in the last quarter. Achmea Investment Management B.V. boosted its holdings in Union Pacific by 91.8% in the fourth quarter. Achmea Investment Management B.V. now owns 3,633 shares of the railroad operator's stock worth $828,000 after purchasing an additional 1,739 shares in the last quarter. LBP AM SA boosted its holdings in Union Pacific by 10.5% in the fourth quarter. LBP AM SA now owns 114,391 shares of the railroad operator's stock worth $26,086,000 after purchasing an additional 10,829 shares in the last quarter. Atala Financial Inc bought a new stake in Union Pacific in the fourth quarter worth $405,000. Finally, Northwest Wealth Management LLC boosted its holdings in Union Pacific by 3.3% in the fourth quarter. Northwest Wealth Management LLC now owns 4,415 shares of the railroad operator's stock worth $1,007,000 after purchasing an additional 140 shares in the last quarter. Institutional investors own 80.38% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on UNP. Stifel Nicolaus decreased their price objective on shares of Union Pacific from $270.00 to $248.00 and set a "buy" rating for the company in a report on Monday, April 14th. Stephens cut their target price on shares of Union Pacific from $275.00 to $255.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Citigroup upped their price objective 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. UBS Group cut their price objective on shares of Union Pacific from $255.00 to $245.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Finally, Jefferies Financial Group cut their price objective on shares of Union Pacific from $255.00 to $230.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Union Pacific has an average rating of "Moderate Buy" and a consensus target price of $257.13.

Union Pacific Trading Down 0.9%

NYSE UNP traded down $2.13 during trading hours on Tuesday, hitting $231.18. The company's stock had a trading volume of 2,419,272 shares, compared to its average volume of 2,738,857. The stock has a fifty day moving average of $226.44 and a 200 day moving average of $231.18. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $258.07. The firm has a market capitalization of $138.12 billion, a P/E ratio of 20.83, a PEG ratio of 2.36 and a beta of 1.05. The company has a quick ratio of 0.61, a current ratio of 0.73 and a debt-to-equity ratio of 1.91.

Union Pacific (NYSE:UNP - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $6.03 billion during 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 company's quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.69 earnings per share. Equities research analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, May 30th were issued 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 2.32%. 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.