Daymark Wealth Partners LLC Sells 2,417 Shares of Union Pacific Corporation (NYSE:UNP)

Daymark Wealth Partners LLC decreased its holdings in Union Pacific Corporation (NYSE:UNP) by 10.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,758 shares of the railroad operator’s stock after selling 2,417 shares during the period. Daymark Wealth Partners LLC’s holdings in Union Pacific were worth $5,140,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Allred Capital Management LLC increased its stake in shares of Union Pacific by 0.5% in the 4th quarter. Allred Capital Management LLC now owns 8,349 shares of the railroad operator’s stock valued at $1,904,000 after purchasing an additional 40 shares in the last quarter. Palogic Value Management L.P. increased its stake in shares of Union Pacific by 1.5% in the 4th quarter. Palogic Value Management L.P. now owns 2,823 shares of the railroad operator’s stock valued at $644,000 after purchasing an additional 42 shares in the last quarter. Mystic Asset Management Inc. increased its stake 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 valued at $527,000 after purchasing an additional 45 shares in the last quarter. Strategic Investment Solutions Inc. IL increased its stake in Union Pacific by 38.8% during 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 in the last quarter. Finally, Ironwood Investment Counsel LLC increased its stake in Union Pacific by 1.3% during the 4th quarter. Ironwood Investment Counsel LLC now owns 3,458 shares of the railroad operator’s stock worth $789,000 after buying an additional 46 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on UNP shares. 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 note on Wednesday, April 16th. The Goldman Sachs Group reiterated a “neutral” rating and set a $263.00 price objective on shares of Union Pacific in a research note on Monday, June 2nd. Susquehanna upgraded Union Pacific from a “neutral” rating to a “positive” rating and boosted their price objective for the stock from $245.00 to $260.00 in a research note on Tuesday. Raymond James Financial reiterated a “strong-buy” rating on shares of Union Pacific in a research note on Friday, April 25th. Finally, Argus upgraded Union Pacific to a “strong-buy” rating in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Union Pacific has a consensus rating of “Moderate Buy” and an average price target of $258.39.

Union Pacific Trading Up 0.9%

UNP opened at $227.91 on Wednesday. Union Pacific Corporation has a one year low of $204.66 and a one year high of $258.07. The stock has a market capitalization of $136.17 billion, a PE ratio of 20.53, a P/E/G ratio of 2.27 and a beta of 1.05. The business’s 50 day moving average price is $221.49 and its 200 day moving average price is $230.81. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.61 and a current ratio of 0.73.

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). Union Pacific had a net margin of 27.76% and a return on equity of 40.80%. The business had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.11 billion. During the same quarter in the prior year, the company posted $2.69 earnings per share. The company’s revenue was down .1% on a year-over-year basis. As a group, equities research analysts expect that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be given a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a 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.