Sunbeam Capital Management LLC Invests $413,000 in Union Pacific Co. (NYSE:UNP)

Sunbeam Capital Management LLC acquired a new position in shares of Union Pacific Co. (NYSE:UNP) in the fourth quarter, Holdings Channel.com reports. The fund acquired 1,813 shares of the railroad operator’s stock, valued at approximately $413,000.

Other hedge funds also recently made changes to their positions in the company. Cornerstone Wealth Management LLC increased its position in shares of Union Pacific by 75.0% during the 4th quarter. Cornerstone Wealth Management LLC now owns 5,356 shares of the railroad operator’s stock valued at $1,221,000 after purchasing an additional 2,296 shares during the last quarter. RFG Advisory LLC grew its position in Union Pacific by 19.3% during the fourth quarter. RFG Advisory LLC now owns 6,630 shares of the railroad operator’s stock valued at $1,512,000 after acquiring an additional 1,071 shares during the last quarter. Sound Income Strategies LLC grew its position in Union Pacific by 16.7% during the fourth quarter. Sound Income Strategies LLC now owns 503 shares of the railroad operator’s stock valued at $115,000 after acquiring an additional 72 shares during the last quarter. Curated Wealth Partners LLC grew its position in Union Pacific by 6.1% during the fourth quarter. Curated Wealth Partners LLC now owns 4,269 shares of the railroad operator’s stock valued at $974,000 after acquiring an additional 246 shares during the last quarter. Finally, Pflug Koory LLC lifted its holdings in shares of Union Pacific by 0.5% in the 4th quarter. Pflug Koory LLC now owns 8,569 shares of the railroad operator’s stock worth $1,954,000 after acquiring an additional 45 shares during the last quarter. 80.38% of the stock is owned by institutional investors.

Union Pacific Stock Down 0.3%

Shares of NYSE UNP opened at $222.18 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.62 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 firm has a market capitalization of $132.75 billion, a PE ratio of 20.03, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07. The firm has a fifty day simple moving average of $223.00 and a two-hundred day simple moving average of $233.33.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, April 24th. The railroad operator reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $6.11 billion. During the same period in the previous year, the company earned $2.69 earnings per share. Union Pacific’s quarterly revenue was down .1% on a year-over-year basis. Equities analysts expect that Union Pacific Co. will post 11.99 earnings per share for the current year.

Union Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be given a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Friday, May 30th. Union Pacific’s dividend payout ratio is currently 48.29%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Stifel Nicolaus reduced their target price on shares of Union Pacific from $270.00 to $248.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Redburn Atlantic raised Union Pacific from a “neutral” rating to a “buy” rating and set a $259.00 price objective on the stock in a research note on Wednesday, April 16th. Deutsche Bank Aktiengesellschaft assumed coverage on Union Pacific in a research note on Friday, March 7th. They set a “buy” rating and a $295.00 price objective on the stock. Jefferies Financial Group reduced their price target on Union Pacific from $255.00 to $230.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. Finally, Loop Capital lowered Union Pacific from a “hold” rating to a “sell” rating and reduced their price target for the stock from $265.00 to $200.00 in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $257.50.

Union Pacific 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.