Union Pacific Co. (NYSE:UNP) Shares Sold by Beach Investment Counsel Inc. PA

Beach Investment Counsel Inc. PA lowered its stake in shares of Union Pacific Co. (NYSE:UNP) by 11.7% in the first quarter, Holdings Channel reports. The firm owned 7,821 shares of the railroad operator’s stock after selling 1,036 shares during the period. Beach Investment Counsel Inc. PA’s holdings in Union Pacific were worth $1,848,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of UNP. Miracle Mile Advisors LLC lifted its position in shares of Union Pacific by 1.7% in the first quarter. Miracle Mile Advisors LLC now owns 46,909 shares of the railroad operator’s stock valued at $11,082,000 after acquiring an additional 780 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in Union Pacific by 5.7% in the 1st quarter. Revolve Wealth Partners LLC now owns 1,064 shares of the railroad operator’s stock valued at $251,000 after purchasing an additional 57 shares during the last quarter. Wedmont Private Capital lifted its holdings in Union Pacific by 10.4% in the 1st quarter. Wedmont Private Capital now owns 5,135 shares of the railroad operator’s stock valued at $1,122,000 after purchasing an additional 485 shares in the last quarter. Perennial Advisors LLC lifted its holdings in Union Pacific by 1.9% in the 1st quarter. Perennial Advisors LLC now owns 35,462 shares of the railroad operator’s stock valued at $8,378,000 after purchasing an additional 668 shares in the last quarter. Finally, Gemmer Asset Management LLC boosted its stake in Union Pacific by 7.2% during the 1st quarter. Gemmer Asset Management LLC now owns 1,043 shares of the railroad operator’s stock worth $246,000 after purchasing an additional 70 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Trading Up 1.2%

Shares of UNP stock opened at $223.39 on Friday. Union Pacific Co. has a 1-year low of $204.66 and a 1-year high of $258.07. The firm has a market cap of $133.47 billion, a PE ratio of 20.14, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05. The company has a 50-day moving average of $220.25 and a two-hundred day moving average of $232.22. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.77 and a quick ratio of 0.62.

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

Union Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be paid a $1.34 dividend. The ex-dividend date is Friday, May 30th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.40%. Union Pacific’s payout ratio is presently 48.29%.

Analyst Upgrades and Downgrades

UNP has been the subject of a number of recent research reports. UBS Group reduced their target price on shares of Union Pacific from $255.00 to $245.00 and set a “neutral” rating for the company in a research report on Wednesday, April 2nd. Stifel Nicolaus cut their price objective on shares of Union Pacific from $270.00 to $248.00 and set a “buy” rating for the company in a report on Monday, April 14th. Wells Fargo & Company lowered their target price on Union Pacific from $265.00 to $260.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Jefferies Financial Group dropped their price target on Union Pacific from $255.00 to $230.00 and set a “hold” rating for the company in a research report on Wednesday, April 9th. Finally, Redburn Atlantic upgraded Union Pacific from a “neutral” rating to a “buy” rating and set a $259.00 price objective on the stock in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Union Pacific presently has an average rating of “Moderate Buy” and a consensus target price of $257.74.

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.