Daymark Wealth Partners LLC Reduces Holdings in Union Pacific Corporation (NYSE:UNP)

Daymark Wealth Partners LLC cut its stake in shares of Union Pacific Corporation (NYSE:UNP) by 10.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,758 shares of the railroad operator’s stock after selling 2,417 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Union Pacific were worth $5,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of UNP. Highline Wealth Partners LLC lifted its holdings in Union Pacific by 103.5% in the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator’s stock worth $27,000 after buying an additional 59 shares during the period. EnRich Financial Partners LLC purchased a new stake in Union Pacific in the 4th quarter worth approximately $31,000. Strategic Investment Solutions Inc. IL lifted its holdings in Union Pacific by 38.8% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator’s stock worth $39,000 after buying an additional 45 shares during the period. Meeder Asset Management Inc. lifted its holdings in Union Pacific by 223.2% in the 4th quarter. Meeder Asset Management Inc. now owns 307 shares of the railroad operator’s stock worth $70,000 after buying an additional 212 shares during the period. Finally, Transce3nd LLC purchased a new stake in Union Pacific in the 4th quarter worth approximately $72,000. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UNP has been the subject of several research analyst reports. 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 objective for the company. Redburn Atlantic upgraded Union Pacific from a “neutral” rating to a “buy” rating and set a $259.00 price objective for the company in a report on Wednesday, April 16th. Argus upgraded Union Pacific to a “strong-buy” rating in a report on Friday, May 16th. Citigroup upgraded Union Pacific from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $260.00 to $244.00 in a report on Tuesday, April 8th. Finally, UBS Group decreased their target price on Union Pacific from $255.00 to $245.00 and set a “neutral” rating for the company in a research report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Union Pacific presently has an average rating of “Moderate Buy” and an average price target of $258.39.

Union Pacific Stock Up 0.9%

UNP stock opened at $227.91 on Wednesday. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $258.07. The company has a quick ratio of 0.61, a current ratio of 0.73 and a debt-to-equity ratio of 1.91. The firm has a market cap of $136.17 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 2.27 and a beta of 1.05. The business has a 50 day moving average of $221.49 and a 200 day moving average of $230.81.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, April 24th. The railroad operator reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.73 by ($0.03). Union Pacific had a net margin of 27.76% and a return on equity of 40.80%. The company had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.11 billion. During the same period last year, the business earned $2.69 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. On average, research analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Announces Dividend

The firm 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 $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Friday, May 30th. Union Pacific’s payout ratio is 48.29%.

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.