Putney Financial Group LLC Takes Position in Union Pacific Co. (NYSE:UNP)

Putney Financial Group LLC acquired a new position in Union Pacific Co. (NYSE:UNP - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 7,222 shares of the railroad operator's stock, valued at approximately $1,647,000. Union Pacific accounts for 1.1% of Putney Financial Group LLC's investment portfolio, making the stock its 15th biggest holding.

A number of other large investors also recently modified their holdings of the company. Fiduciary Trust Co boosted its holdings in 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 acquiring an additional 2,807 shares during the period. abrdn plc boosted its holdings in Union Pacific by 9.3% in the 4th quarter. abrdn plc now owns 415,874 shares of the railroad operator's stock worth $94,588,000 after acquiring an additional 35,414 shares during the period. Sherbrooke Park Advisers LLC purchased a new position in Union Pacific in the 4th quarter worth approximately $781,000. Pinnbrook Capital Management LP purchased a new stake in Union Pacific during the 4th quarter worth approximately $3,954,000. Finally, Tokio Marine Asset Management Co. Ltd. increased its holdings in Union Pacific by 128.3% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 36,798 shares of the railroad operator's stock worth $8,391,000 after purchasing an additional 20,681 shares during the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Raymond James restated a "strong-buy" rating on shares of Union Pacific in a report on Friday, April 25th. Bank of America lifted their price objective on Union Pacific from $256.00 to $262.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Stephens dropped their price objective on Union Pacific from $275.00 to $255.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Susquehanna dropped their price objective on Union Pacific from $255.00 to $245.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Finally, Redburn Atlantic upgraded Union Pacific from a "neutral" rating to a "buy" rating and set a $259.00 price objective on the stock in a report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Union Pacific presently has an average rating of "Moderate Buy" and a consensus price target of $257.50.

Union Pacific Stock Performance

NYSE:UNP traded up $0.57 during midday trading on Friday, reaching $221.74. 1,041,654 shares of the company traded hands, compared to its average volume of 2,642,794. Union Pacific Co. has a twelve month low of $204.66 and a twelve month high of $258.07. The firm has a market capitalization of $132.48 billion, a price-to-earnings ratio of 19.99, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07. 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 company has a fifty day moving average price of $222.02 and a 200 day moving average price of $232.86.

Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The railroad operator reported $2.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.73 by ($0.03). Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. The company had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.11 billion. During the same quarter in the prior year, the firm earned $2.69 EPS. The company's revenue for the quarter was down .1% compared to the same quarter last year. On average, analysts expect that Union Pacific Co. will post 11.99 EPS 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 $1.34 dividend. The ex-dividend date is Friday, May 30th. This represents a $5.36 annualized dividend and a dividend yield of 2.42%. 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.