Sequoia Financial Advisors LLC Has $14.76 Million Stake in Union Pacific Corporation (NYSE:UNP)

Sequoia Financial Advisors LLC raised its position in Union Pacific Corporation (NYSE:UNP - Free Report) by 67.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,491 shares of the railroad operator's stock after acquiring an additional 25,155 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Union Pacific were worth $14,763,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of UNP. Phillips Wealth Planners LLC raised its stake in Union Pacific by 20.4% in the 1st quarter. Phillips Wealth Planners LLC now owns 2,042 shares of the railroad operator's stock valued at $446,000 after acquiring an additional 346 shares during the period. Perigon Wealth Management LLC boosted its position in Union Pacific by 4.4% during the first quarter. Perigon Wealth Management LLC now owns 7,780 shares of the railroad operator's stock worth $1,838,000 after purchasing an additional 325 shares during the period. Tyche Wealth Partners LLC increased its holdings in shares of Union Pacific by 4.5% in the first quarter. Tyche Wealth Partners LLC now owns 8,150 shares of the railroad operator's stock valued at $1,925,000 after purchasing an additional 354 shares during the last quarter. Alpine Bank Wealth Management bought a new position in shares of Union Pacific in the first quarter valued at about $609,000. Finally, Saybrook Capital NC raised its position in shares of Union Pacific by 2.5% in the first quarter. Saybrook Capital NC now owns 19,079 shares of the railroad operator's stock valued at $4,507,000 after purchasing an additional 460 shares during the period. Institutional investors own 80.38% of the company's stock.

Union Pacific Price Performance

UNP traded up $1.97 on Friday, hitting $231.36. 7,430,636 shares of the stock were exchanged, compared to its average volume of 2,710,190. The firm has a market capitalization of $138.23 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 2.28 and a beta of 1.05. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.73 and a quick ratio of 0.61. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $258.07. The business has a 50-day moving average of $221.89 and a two-hundred day moving average of $230.76.

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 for the quarter, missing analysts' consensus estimates of $2.73 by ($0.03). The firm had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.11 billion. Union Pacific had a return on equity of 40.80% and a net margin of 27.76%. The business's revenue was down .1% on a year-over-year basis. During the same period last year, the company posted $2.69 EPS. Sell-side analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be paid a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Friday, May 30th. Union Pacific's payout ratio is presently 48.29%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on UNP. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $263.00 target price on shares of Union Pacific in a report on Monday, June 2nd. 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 report on Monday, April 14th. Citigroup raised Union Pacific from a "neutral" rating to a "buy" rating and decreased their target price for the company from $260.00 to $244.00 in a research report on Tuesday, April 8th. Wells Fargo & Company lowered their target price on Union Pacific from $265.00 to $260.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Finally, Barclays dropped their price target on Union Pacific from $285.00 to $260.00 and set an "overweight" rating for the company in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Union Pacific presently has an average rating of "Moderate Buy" and a consensus target price of $258.39.

About Union Pacific

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.