Marks Group Wealth Management Inc lifted its position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 4.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,059 shares of the railroad operator's stock after buying an additional 1,312 shares during the quarter. Marks Group Wealth Management Inc's holdings in Union Pacific were worth $8,046,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Highline Wealth Partners LLC increased its stake in Union Pacific by 103.5% in the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock valued at $27,000 after purchasing an additional 59 shares in the last quarter. EnRich Financial Partners LLC purchased a new position in shares of Union Pacific in the 4th quarter worth approximately $31,000. Financial Gravity Asset Management Inc. bought a new position in Union Pacific in the 1st quarter valued at $32,000. Cornerstone Planning Group LLC grew its position in Union Pacific by 50.5% during the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock valued at $37,000 after buying an additional 56 shares during the period. Finally, Strategic Investment Solutions Inc. IL increased its stake 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 worth $39,000 after purchasing an additional 45 shares during the last quarter. 80.38% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the company. Robert W. Baird began coverage on Union Pacific in a research note on Tuesday, July 1st. They issued a "neutral" rating and a $231.00 price objective on the stock. Barclays lifted their price objective on Union Pacific from $260.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday. Bank of America increased their price target on shares of Union Pacific from $256.00 to $262.00 and gave the stock a "buy" rating in a report on Friday, May 16th. The Goldman Sachs Group reissued a "neutral" rating and set a $263.00 price objective on shares of Union Pacific in a report on Monday, June 2nd. Finally, Wells Fargo & Company lowered their price target on shares of Union Pacific from $265.00 to $260.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $256.63.
Read Our Latest Report on Union Pacific
Union Pacific Stock Down 0.8%
UNP traded down $1.99 on Friday, hitting $235.01. The company had a trading volume of 3,211,722 shares, compared to its average volume of 2,743,214. The stock has a fifty day simple moving average of $226.11 and a 200-day simple moving average of $231.15. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.73 and a quick ratio of 0.61. The firm has a market capitalization of $140.41 billion, a P/E ratio of 21.17, a P/E/G ratio of 2.36 and a beta of 1.05. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $258.07.
Union Pacific (NYSE:UNP - Get Free Report) last announced its 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 business had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.11 billion. Union Pacific had a net margin of 27.76% and a return on equity of 40.80%. Union Pacific's revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $2.69 EPS. As a group, equities analysts expect that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.
Union Pacific Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, May 30th were issued a $1.34 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $5.36 annualized dividend and a yield of 2.28%. Union Pacific's dividend payout ratio (DPR) is presently 48.29%.
Union Pacific Company Profile
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Free Report)
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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