Yukon Wealth Management Inc. Acquires New Stake in Union Pacific Corporation (NYSE:UNP)

Yukon Wealth Management Inc. bought a new stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 13,600 shares of the railroad operator's stock, valued at approximately $3,213,000. Union Pacific makes up 1.3% of Yukon Wealth Management Inc.'s holdings, making the stock its 21st largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Geode Capital Management LLC raised its position in shares of Union Pacific by 12.6% in the 4th quarter. Geode Capital Management LLC now owns 14,430,581 shares of the railroad operator's stock worth $3,282,305,000 after purchasing an additional 1,616,895 shares during the last quarter. Capital Research Global Investors raised its holdings in Union Pacific by 14.3% in the fourth quarter. Capital Research Global Investors now owns 10,395,364 shares of the railroad operator's stock worth $2,370,559,000 after buying an additional 1,298,178 shares during the last quarter. Norges Bank bought a new position in shares of Union Pacific in the fourth quarter worth approximately $1,927,377,000. Franklin Resources Inc. grew its holdings 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 buying an additional 363,937 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Union Pacific by 15.2% during the fourth quarter. Northern Trust Corp now owns 6,962,650 shares of the railroad operator's stock valued at $1,587,763,000 after buying an additional 920,414 shares during the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Stock Up 0.6%

UNP stock traded up $1.46 during midday trading on Wednesday, reaching $237.03. 1,752,112 shares of the company were exchanged, compared to its average volume of 2,714,227. The stock's 50-day simple moving average is $222.77 and its 200 day simple moving average is $230.68. The company has a market cap of $141.62 billion, a price-to-earnings ratio of 21.35, a price-to-earnings-growth ratio of 2.31 and a beta of 1.05. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.61 and a current ratio of 0.73. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $258.07.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The railroad operator reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.73 by ($0.03). The firm had revenue of $6.03 billion during the quarter, compared to analyst estimates 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 was down .1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.69 earnings per share. On average, equities analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

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 $1.34 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.26%. Union Pacific's payout ratio is 48.29%.

Wall Street Analysts Forecast Growth

UNP has been the topic of several analyst reports. Susquehanna raised Union Pacific from a "neutral" rating to a "positive" rating and upped their price objective for the company from $245.00 to $260.00 in a research report on Tuesday, June 24th. Robert W. Baird initiated coverage on Union Pacific in a report on Tuesday. They set a "neutral" rating and a $231.00 price target on the stock. Raymond James Financial reiterated a "strong-buy" rating on shares of Union Pacific in a report on Friday, April 25th. Bank of America raised their price target on shares of Union Pacific from $256.00 to $262.00 and gave the company a "buy" rating in a report on Friday, May 16th. Finally, Jefferies Financial Group reduced their price target on shares of Union Pacific from $255.00 to $230.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $256.91.

Union Pacific 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.