Stanley Laman Group Ltd. lowered its stake in Union Pacific Co. (NYSE:UNP – Free Report) by 10.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 14,641 shares of the railroad operator’s stock after selling 1,679 shares during the period. Stanley Laman Group Ltd.’s holdings in Union Pacific were worth $3,459,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of UNP. EnRich Financial Partners LLC bought a new position in Union Pacific during the 4th quarter worth approximately $31,000. PrairieView Partners LLC acquired a new stake in shares of Union Pacific during the 4th quarter valued at approximately $34,000. Strategic Investment Solutions Inc. IL lifted its stake in Union Pacific by 38.8% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator’s stock worth $39,000 after purchasing an additional 45 shares during the last quarter. Kentucky Trust Co acquired a new position in Union Pacific in the fourth quarter worth $40,000. Finally, Stonebridge Financial Group LLC bought a new stake in Union Pacific during the fourth quarter valued at $45,000. Institutional investors and hedge funds own 80.38% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the stock. Raymond James restated a “strong-buy” rating on shares of Union Pacific in a research report on Friday, April 25th. Bank of America upped their target price on Union Pacific from $256.00 to $262.00 and gave the company a “buy” rating in a report on Friday, May 16th. Deutsche Bank Aktiengesellschaft initiated coverage on Union Pacific in a report on Friday, March 7th. They issued a “buy” rating and a $295.00 price target on the stock. Redburn Atlantic raised shares of 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. Finally, Citigroup upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $260.00 to $244.00 in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $257.74.
Union Pacific Trading Down 0.2%
Shares of NYSE UNP opened at $225.30 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 1.76. Union Pacific Co. has a 12 month low of $204.66 and a 12 month high of $258.07. The company has a market cap of $134.61 billion, a price-to-earnings ratio of 20.32, a P/E/G ratio of 2.15 and a beta of 1.05. The business has a fifty day simple moving average of $220.59 and a 200-day simple moving average of $231.80.
Union Pacific (NYSE:UNP – Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The railroad operator reported $2.70 EPS for the quarter, missing analysts’ consensus estimates of $2.73 by ($0.03). The firm had revenue of $6.03 billion for the quarter, compared to analysts’ expectations of $6.11 billion. Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. Union Pacific’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.69 earnings per share. Sell-side analysts predict that Union Pacific Co. will post 11.99 EPS for the current year.
Union Pacific Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be given a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Friday, May 30th. Union Pacific’s payout ratio is 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.
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