TCV Trust & Wealth Management Inc. Raises Stock Holdings in Union Pacific Corporation (NYSE:UNP)

TCV Trust & Wealth Management Inc. increased its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 46.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,622 shares of the railroad operator's stock after buying an additional 2,435 shares during the period. TCV Trust & Wealth Management Inc.'s holdings in Union Pacific were worth $1,801,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Kovack Advisors Inc. boosted its stake in shares of Union Pacific by 23.1% during the fourth quarter. Kovack Advisors Inc. now owns 1,692 shares of the railroad operator's stock valued at $386,000 after acquiring an additional 318 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Union Pacific by 9.2% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 27,723 shares of the railroad operator's stock worth $6,322,000 after purchasing an additional 2,347 shares during the last quarter. Proficio Capital Partners LLC grew its holdings in shares of Union Pacific by 33,228.4% during the fourth quarter. Proficio Capital Partners LLC now owns 504,258 shares of the railroad operator's stock worth $114,991,000 after buying an additional 502,745 shares in the last quarter. Linscomb Wealth Inc. raised its position in shares of Union Pacific by 0.9% in the fourth quarter. Linscomb Wealth Inc. now owns 16,303 shares of the railroad operator's stock valued at $3,718,000 after buying an additional 146 shares during the last quarter. Finally, Shoker Investment Counsel Inc. lifted its stake in shares of Union Pacific by 1.3% during the fourth quarter. Shoker Investment Counsel Inc. now owns 14,272 shares of the railroad operator's stock valued at $3,255,000 after buying an additional 188 shares during the period. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Jefferies Financial Group decreased their target price on shares of Union Pacific from $255.00 to $230.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Union Pacific in a research note on Friday, April 25th. Redburn Atlantic upgraded Union Pacific from a "neutral" rating to a "buy" rating and set a $259.00 target price for the company in a research note on Wednesday, April 16th. Wells Fargo & Company decreased their price target 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, Bank of America lifted their price target on Union Pacific from $256.00 to $262.00 and gave the company a "buy" rating in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Union Pacific currently has a consensus rating of "Moderate Buy" and an average price target of $258.39.

Union Pacific Stock Up 0.9%

NYSE UNP traded up $1.97 during trading hours on Friday, hitting $231.36. The company had a trading volume of 7,430,636 shares, compared to its average volume of 2,710,642. The firm's 50 day moving average is $222.11 and its 200 day moving average is $230.70. 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 fifty-two week low of $204.66 and a fifty-two week high of $258.07. The company has a market capitalization of $138.23 billion, a price-to-earnings ratio of 20.84, a P/E/G ratio of 2.32 and a beta of 1.05.

Union Pacific (NYSE:UNP - Get Free Report) last announced its earnings results on Thursday, April 24th. The railroad operator reported $2.70 EPS for the quarter, missing the consensus estimate of $2.73 by ($0.03). The company had revenue of $6.03 billion for the quarter, compared to analysts' expectations of $6.11 billion. Union Pacific had a net margin of 27.76% and a return on equity of 40.80%. The business's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.69 earnings per share. Sell-side analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

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

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.