Concurrent Investment Advisors LLC Acquires 1,979 Shares of Union Pacific Corporation (NYSE:UNP)

Concurrent Investment Advisors LLC raised its position in Union Pacific Corporation (NYSE:UNP - Free Report) by 10.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,181 shares of the railroad operator's stock after purchasing an additional 1,979 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Union Pacific were worth $4,768,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Fiduciary Trust Co raised its holdings in shares of Union Pacific by 2.8% during the 4th quarter. Fiduciary Trust Co now owns 102,213 shares of the railroad operator's stock valued at $23,309,000 after buying an additional 2,807 shares during the period. Sherbrooke Park Advisers LLC acquired a new position in shares of Union Pacific in the 4th quarter worth approximately $781,000. Miramar Capital LLC boosted its position in Union Pacific by 3.1% during the 4th quarter. Miramar Capital LLC now owns 54,564 shares of the railroad operator's stock valued at $12,443,000 after purchasing an additional 1,648 shares during the period. Meadow Creek Wealth Advisors LLC boosted its position in Union Pacific by 10.9% during the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 3,666 shares of the railroad operator's stock valued at $866,000 after purchasing an additional 359 shares during the period. Finally, GAMMA Investing LLC boosted its position in Union Pacific by 16.8% during the 1st quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator's stock valued at $2,491,000 after purchasing an additional 1,520 shares during the period. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Price Performance

NYSE:UNP traded down $0.90 during trading hours on Monday, reaching $235.38. The company had a trading volume of 2,580,899 shares, compared to its average volume of 2,723,079. The stock has a 50-day moving average of $224.00 and a two-hundred day moving average of $230.89. Union Pacific Corporation has a one year low of $204.66 and a one year high of $258.07. The firm has a market capitalization of $140.63 billion, a PE ratio of 21.21, a PEG ratio of 2.37 and a beta of 1.05. The company has a quick ratio of 0.61, a current ratio of 0.73 and a debt-to-equity ratio of 1.91.

Union Pacific (NYSE:UNP - Get Free Report) last announced 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 company had revenue of $6.03 billion during 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%. The business's revenue was down .1% on a year-over-year basis. During the same quarter last year, the company earned $2.69 earnings per share. Analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, May 30th were issued a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 2.28%. The ex-dividend date was Friday, May 30th. Union Pacific's payout ratio is presently 48.29%.

Analysts Set New Price Targets

Several brokerages have commented on UNP. Wells Fargo & Company dropped their price target on shares of 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 lowered their target price on Union Pacific from $270.00 to $248.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Citigroup raised Union Pacific from a "neutral" rating to a "buy" rating and lowered their price target for the company from $260.00 to $244.00 in a research note on Tuesday, April 8th. Robert W. Baird assumed coverage on Union Pacific in a research note on Tuesday, July 1st. They issued a "neutral" rating and a $231.00 price target for the company. Finally, 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 report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $255.17.

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.