Forum Financial Management LP Has $2.01 Million Stock Holdings in Union Pacific Co. (NYSE:UNP)

Forum Financial Management LP boosted its stake in Union Pacific Co. (NYSE:UNP) by 3.4% in the fourth quarter, HoldingsChannel reports. The firm owned 8,807 shares of the railroad operator’s stock after acquiring an additional 288 shares during the period. Forum Financial Management LP’s holdings in Union Pacific were worth $2,008,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Sunbeam Capital Management LLC bought a new stake in Union Pacific in the fourth quarter valued at about $413,000. Castlekeep Investment Advisors LLC bought a new stake in Union Pacific in the fourth quarter valued at about $1,143,000. Peak Retirement Planning Inc. bought a new stake in Union Pacific in the fourth quarter valued at about $259,000. Toronto Dominion Bank increased its holdings in Union Pacific by 6.7% in the fourth quarter. Toronto Dominion Bank now owns 344,840 shares of the railroad operator’s stock valued at $78,636,000 after purchasing an additional 21,700 shares during the last quarter. Finally, Formidable Asset Management LLC increased its holdings in Union Pacific by 2.4% in the fourth quarter. Formidable Asset Management LLC now owns 5,290 shares of the railroad operator’s stock valued at $1,206,000 after purchasing an additional 126 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

UNP has been the subject of several recent analyst reports. Citigroup upgraded Union Pacific from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $260.00 to $244.00 in a report on Tuesday, April 8th. Stephens lowered their price target on Union Pacific from $275.00 to $255.00 and set an “overweight” rating for the company in a report on Monday, April 28th. Redburn Atlantic upgraded Union Pacific from a “neutral” rating to a “buy” rating and set a $259.00 price target for the company in a report on Wednesday, April 16th. Deutsche Bank Aktiengesellschaft began coverage on Union Pacific in a report on Friday, March 7th. They issued a “buy” rating and a $295.00 price target for the company. Finally, Guggenheim upped their price objective on Union Pacific from $266.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, six 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 data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $257.50.

Union Pacific Stock Performance

Shares of NYSE UNP opened at $222.18 on Friday. The stock has a 50 day moving average price of $223.00 and a 200 day moving average price of $233.43. Union Pacific Co. has a 52 week low of $204.66 and a 52 week high of $258.07. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.77. The stock has a market capitalization of $132.75 billion, a PE ratio of 20.03, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07.

Union Pacific (NYSE:UNP) last issued its quarterly 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). Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. The company had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.11 billion. During the same period last year, the company posted $2.69 earnings per share. The business’s revenue for the quarter was down .1% on a year-over-year basis. Analysts predict that Union Pacific Co. will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently announced 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 is Friday, May 30th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.41%. Union Pacific’s dividend payout ratio (DPR) 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.