Marks Group Wealth Management Inc Sells 3,875 Shares of Union Pacific Corporation $UNP

Marks Group Wealth Management Inc trimmed its position in shares of Union Pacific Corporation (NYSE:UNP) by 12.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 27,860 shares of the railroad operator’s stock after selling 3,875 shares during the period. Marks Group Wealth Management Inc’s holdings in Union Pacific were worth $6,759,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tucker Asset Management LLC bought a new position in shares of Union Pacific in the fourth quarter worth approximately $25,000. SWAN Capital LLC increased its position in shares of Union Pacific by 2,575.0% during the fourth quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock valued at $25,000 after acquiring an additional 103 shares in the last quarter. Rachor Investment Advisory Services LLC bought a new stake in shares of Union Pacific during the fourth quarter valued at approximately $25,000. Saranac Partners Ltd purchased a new position in Union Pacific in the 3rd quarter worth approximately $27,000. Finally, High Point Wealth Management LLC purchased a new position in Union Pacific in the 4th quarter worth approximately $26,000. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Stock Up 0.1%

Shares of Union Pacific stock opened at $288.68 on Thursday. The company has a market cap of $171.39 billion, a price-to-earnings ratio of 23.78, a price-to-earnings-growth ratio of 3.02 and a beta of 0.96. The company’s 50 day moving average is $270.51 and its 200 day moving average is $255.22. Union Pacific Corporation has a twelve month low of $210.84 and a twelve month high of $291.66. The company has a quick ratio of 0.73, a current ratio of 0.92 and a debt-to-equity ratio of 1.53.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, April 23rd. The railroad operator reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.07. The business had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.12 billion. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The firm’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.70 EPS. Research analysts anticipate that Union Pacific Corporation will post 12.62 EPS for the current year.

Union Pacific Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th were paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, May 29th. Union Pacific’s dividend payout ratio (DPR) is 45.47%.

Wall Street Analysts Forecast Growth

UNP has been the topic of several recent analyst reports. Benchmark reiterated a “buy” rating and set a $325.00 target price (up from $300.00) on shares of Union Pacific in a research note on Wednesday. Barclays reissued an “overweight” rating and issued a $315.00 target price (up from $285.00) on shares of Union Pacific in a report on Friday, April 24th. Susquehanna upped their price target on Union Pacific from $305.00 to $333.00 and gave the company a “positive” rating in a report on Tuesday. Weiss Ratings cut Union Pacific from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of Union Pacific in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $299.11.

Insider Transactions at Union Pacific

In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total value of $789,504.36. Following the transaction, the executive vice president owned 43,012 shares of the company’s stock, valued at approximately $11,353,447.52. This represents a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kenyatta G. Rocker sold 27,387 shares of the stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $271.76, for a total value of $7,442,691.12. Following the completion of the transaction, the executive vice president directly owned 61,102 shares in the company, valued at approximately $16,605,079.52. This represents a 30.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 32,378 shares of company stock worth $8,781,595 in the last ninety days. Insiders own 0.22% of the company’s stock.

About Union Pacific

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.