Concord Wealth Partners Trims Position in Union Pacific Corporation (NYSE:UNP)

Concord Wealth Partners lowered its position in Union Pacific Corporation (NYSE:UNP) by 3.9% in the first quarter, HoldingsChannel reports. The firm owned 13,152 shares of the railroad operator’s stock after selling 530 shares during the period. Concord Wealth Partners’ holdings in Union Pacific were worth $3,107,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC grew its stake in shares of Union Pacific by 46.1% in the 4th quarter. Proficio Capital Partners LLC now owns 2,211 shares of the railroad operator’s stock valued at $504,000 after purchasing an additional 698 shares during the last quarter. Axxcess Wealth Management LLC raised its holdings in Union Pacific by 6.2% during the fourth quarter. Axxcess Wealth Management LLC now owns 18,553 shares of the railroad operator’s stock worth $4,231,000 after purchasing an additional 1,086 shares during the last quarter. Mystic Asset Management Inc. boosted its position in shares of Union Pacific by 2.0% in the 4th quarter. Mystic Asset Management Inc. now owns 2,309 shares of the railroad operator’s stock worth $527,000 after buying an additional 45 shares in the last quarter. Thrivent Financial for Lutherans grew its position in shares of Union Pacific by 1.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 120,185 shares of the railroad operator’s stock valued at $28,472,000 after purchasing an additional 1,991 shares during the last quarter. Finally, Brooklyn FI LLC purchased a new stake in Union Pacific during the 4th quarter worth about $409,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Trading Down 0.0%

NYSE:UNP opened at $231.09 on Thursday. The company has a market cap of $138.07 billion, a PE ratio of 20.82, a P/E/G ratio of 2.32 and a beta of 1.05. The business’s 50 day moving average is $227.14 and its two-hundred day moving average is $231.18. The company has a quick ratio of 0.61, a current ratio of 0.73 and a debt-to-equity ratio of 1.91. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $258.07.

Union Pacific (NYSE:UNP) last released 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 business had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.11 billion. Union Pacific had a return on equity of 40.80% and a net margin of 27.76%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.69 EPS. On average, analysts predict that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.39%. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. Union Pacific’s dividend payout ratio is currently 48.29%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Morgan Stanley reduced their target price on Union Pacific from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Monday, July 7th. Barclays increased their target price on Union Pacific from $260.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a research note on Tuesday. Argus raised shares of Union Pacific to a “strong-buy” rating in a research report on Friday, May 16th. Finally, Stephens reduced their price target on shares of Union Pacific from $275.00 to $255.00 and set an “overweight” rating on the stock in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $257.13.

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.