Procyon Advisors LLC Increases Holdings in Union Pacific Co. (NYSE:UNP)

Procyon Advisors LLC lifted its stake in Union Pacific Co. (NYSE:UNP - Free Report) by 6.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,132 shares of the railroad operator's stock after buying an additional 1,546 shares during the period. Procyon Advisors LLC's holdings in Union Pacific were worth $5,937,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Davis Capital Management boosted its holdings in Union Pacific by 5.0% in the 1st quarter. Davis Capital Management now owns 8,222 shares of the railroad operator's stock worth $1,942,000 after acquiring an additional 395 shares during the period. AGH Wealth Advisors LLC lifted its position in shares of Union Pacific by 3.5% during the first quarter. AGH Wealth Advisors LLC now owns 1,703 shares of the railroad operator's stock worth $402,000 after purchasing an additional 58 shares in the last quarter. Intellectus Partners LLC boosted its stake in shares of Union Pacific by 2.9% in the first quarter. Intellectus Partners LLC now owns 6,040 shares of the railroad operator's stock valued at $1,427,000 after purchasing an additional 173 shares during the period. Consilio Wealth Advisors LLC acquired a new stake in Union Pacific during the 1st quarter valued at $225,000. Finally, Affinity Wealth Management LLC grew its holdings in Union Pacific by 2.4% during the 1st quarter. Affinity Wealth Management LLC now owns 17,085 shares of the railroad operator's stock valued at $4,036,000 after purchasing an additional 402 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on UNP. Stephens lowered their price objective 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. Citigroup raised shares of Union Pacific from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $260.00 to $244.00 in a research report on Tuesday, April 8th. UBS Group dropped their price target on shares of Union Pacific from $255.00 to $245.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Union Pacific in a research note on Friday, March 7th. They set a "buy" rating and a $295.00 price objective on the stock. Finally, 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Union Pacific currently has a consensus rating of "Moderate Buy" and a consensus target price of $257.74.

Union Pacific Price Performance

Shares of UNP opened at $220.48 on Friday. Union Pacific Co. has a 12 month low of $204.66 and a 12 month high of $258.07. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.77 and a quick ratio of 0.62. The stock has a fifty day moving average price of $220.53 and a 200 day moving average price of $232.30. The company has a market cap of $131.73 billion, a P/E ratio of 19.88, a PEG ratio of 2.15 and a beta of 1.05.

Union Pacific (NYSE:UNP - Get Free Report) last announced 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). Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. The firm had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.11 billion. During the same period last year, the firm posted $2.69 EPS. The business's revenue was down .1% compared to the same quarter last year. On average, research analysts forecast that Union Pacific Co. will post 11.99 earnings per share for the current 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 issued 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 2.43%. Union Pacific's dividend payout ratio (DPR) is presently 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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