Revolve Wealth Partners LLC Boosts Stake in Union Pacific Co. (NYSE:UNP)

Revolve Wealth Partners LLC lifted its stake in Union Pacific Co. (NYSE:UNP) by 5.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,064 shares of the railroad operator’s stock after purchasing an additional 57 shares during the period. Revolve Wealth Partners LLC’s holdings in Union Pacific were worth $251,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Geode Capital Management LLC increased its stake in shares of Union Pacific by 12.6% in the 4th quarter. Geode Capital Management LLC now owns 14,430,581 shares of the railroad operator’s stock worth $3,282,305,000 after purchasing an additional 1,616,895 shares in the last quarter. Capital Research Global Investors increased its stake in Union Pacific by 14.3% in the 4th quarter. Capital Research Global Investors now owns 10,395,364 shares of the railroad operator’s stock worth $2,370,559,000 after buying an additional 1,298,178 shares in the last quarter. Norges Bank purchased a new stake in Union Pacific in the 4th quarter worth $1,927,377,000. Franklin Resources Inc. increased its stake in Union Pacific by 5.0% in the 4th quarter. Franklin Resources Inc. now owns 7,686,387 shares of the railroad operator’s stock worth $1,752,804,000 after buying an additional 363,937 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Union Pacific by 15.2% in the 4th quarter. Northern Trust Corp now owns 6,962,650 shares of the railroad operator’s stock worth $1,587,763,000 after buying an additional 920,414 shares in the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Stock Up 1.2%

Shares of NYSE:UNP opened at $223.39 on Monday. 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 company has a 50-day moving average price of $220.25 and a 200 day moving average price of $232.17. The company has a market cap of $133.47 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 2.15 and a beta of 1.05.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, April 24th. The railroad operator reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.73 by ($0.03). The firm had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.11 billion. Union Pacific had a return on equity of 41.12% and a net margin of 27.82%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the business earned $2.69 EPS. As a group, equities research analysts predict that Union Pacific Co. will post 11.99 earnings per share 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 paid a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend is Friday, May 30th. Union Pacific’s payout ratio is currently 48.29%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on UNP shares. UBS Group cut their price target on Union Pacific from $255.00 to $245.00 and set a “neutral” rating for the company in a research note on Wednesday, April 2nd. Citigroup upgraded Union Pacific from a “neutral” rating to a “buy” rating and cut their price target for the stock from $260.00 to $244.00 in a research note on Tuesday, April 8th. Stephens cut their price target on Union Pacific from $275.00 to $255.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. Deutsche Bank Aktiengesellschaft started coverage on shares of Union Pacific in a report on Friday, March 7th. They set a “buy” rating and a $295.00 price objective for the company. Finally, 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 research report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Union Pacific presently has a consensus rating of “Moderate Buy” and an average target price of $257.74.

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.