Union Pacific Co. (NYSE:UNP) Shares Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management increased its holdings in shares of Union Pacific Co. (NYSE:UNP - Free Report) by 17.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,274 shares of the railroad operator's stock after buying an additional 5,291 shares during the period. Ritholtz Wealth Management's holdings in Union Pacific were worth $8,569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in UNP. EnRich Financial Partners LLC purchased a new position in shares of Union Pacific during the 4th quarter valued at approximately $31,000. Strategic Investment Solutions Inc. IL lifted its position in shares of Union Pacific by 38.8% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator's stock valued at $39,000 after buying an additional 45 shares in the last quarter. Centricity Wealth Management LLC purchased a new position in shares of Union Pacific during the 4th quarter valued at approximately $51,000. Midwest Capital Advisors LLC purchased a new position in shares of Union Pacific during the 4th quarter valued at approximately $54,000. Finally, VisionPoint Advisory Group LLC purchased a new position in shares of Union Pacific during the 4th quarter valued at approximately $64,000. Hedge funds and other institutional investors own 80.38% of the company's stock.

Union Pacific Trading Down 1.0%

Shares of UNP traded down $2.32 during midday trading on Friday, reaching $223.17. The company had a trading volume of 1,670,100 shares, compared to its average volume of 2,685,196. Union Pacific Co. has a 1-year low of $204.66 and a 1-year high of $258.07. The stock has a market cap of $133.34 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05. The firm has a 50 day simple moving average of $220.90 and a 200-day simple moving average of $231.55. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 1.76.

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

Union Pacific Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on UNP shares. Wells Fargo & Company decreased their target price on Union Pacific from $265.00 to $260.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Stifel Nicolaus reduced their price objective on Union Pacific from $270.00 to $248.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Deutsche Bank Aktiengesellschaft assumed coverage on Union Pacific in a research note on Friday, March 7th. They issued a "buy" rating and a $295.00 price objective for the company. Redburn Atlantic raised Union Pacific from a "neutral" rating to a "buy" rating and set a $259.00 price objective for the company in a research note on Wednesday, April 16th. Finally, Jefferies Financial Group reduced their price objective on Union Pacific from $255.00 to $230.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Union Pacific presently has a consensus rating of "Moderate Buy" and an average target price of $257.74.

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.