Yoffe Investment Management LLC Invests $547,000 in Union Pacific Co. (NYSE:UNP)

Yoffe Investment Management LLC bought a new position in Union Pacific Co. (NYSE:UNP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,400 shares of the railroad operator's stock, valued at approximately $547,000.

Other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in shares of Union Pacific by 12.6% during the fourth quarter. Geode Capital Management LLC now owns 14,430,581 shares of the railroad operator's stock valued at $3,282,305,000 after purchasing an additional 1,616,895 shares during the period. Capital Research Global Investors boosted its holdings in shares of Union Pacific by 14.3% during the fourth quarter. Capital Research Global Investors now owns 10,395,364 shares of the railroad operator's stock valued at $2,370,559,000 after acquiring an additional 1,298,178 shares during the period. Norges Bank acquired a new position in shares of Union Pacific during the fourth quarter valued at $1,927,377,000. Franklin Resources Inc. raised its stake in shares of Union Pacific by 5.0% during the fourth quarter. Franklin Resources Inc. now owns 7,686,387 shares of the railroad operator's stock valued at $1,752,804,000 after purchasing an additional 363,937 shares in the last quarter. Finally, Northern Trust Corp raised its position in Union Pacific by 15.2% in the fourth quarter. Northern Trust Corp now owns 6,962,650 shares of the railroad operator's stock worth $1,587,763,000 after acquiring an additional 920,414 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company's stock.

Union Pacific Stock Performance

Union Pacific stock traded down $1.07 during midday trading on Friday, reaching $221.44. 4,179,597 shares of the stock traded hands, compared to its average volume of 2,654,227. The firm has a fifty day moving average price of $221.74 and a two-hundred day moving average price of $232.74. The firm has a market cap of $132.31 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 2.15 and a beta of 1.07. Union Pacific Co. has a fifty-two week low of $204.66 and a fifty-two week high of $258.07. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76.

Union Pacific (NYSE:UNP - Get Free Report) last posted 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 business had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.11 billion. Union Pacific had a return on equity of 41.12% and a net margin of 27.82%. The business's revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.69 earnings per share. On average, equities research analysts forecast that Union Pacific Co. will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be issued a dividend of $1.34 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $5.36 annualized dividend and a yield of 2.42%. Union Pacific's dividend payout ratio (DPR) is currently 48.29%.

Wall Street Analyst Weigh In

Several research firms have weighed in on UNP. Barclays lowered their target price on Union Pacific from $285.00 to $260.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. UBS Group cut their price target on Union Pacific from $255.00 to $245.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Citigroup upgraded 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 report on Tuesday, April 8th. Jefferies Financial Group decreased their target price on Union Pacific from $255.00 to $230.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Union Pacific in a report on Friday, March 7th. They set a "buy" rating and a $295.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $257.50.

Union Pacific Company 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.