Smith Salley Wealth Management raised its stake in Union Pacific Corporation (NYSE:UNP – Free Report) by 3.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 73,626 shares of the railroad operator’s stock after buying an additional 2,294 shares during the quarter. Smith Salley Wealth Management’s holdings in Union Pacific were worth $17,863,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Tucker Asset Management LLC acquired a new stake in shares of Union Pacific in the 4th quarter valued at approximately $25,000. SWAN Capital LLC grew its holdings in 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 purchasing an additional 103 shares during the period. Rachor Investment Advisory Services LLC acquired a new position in Union Pacific during the fourth quarter valued at approximately $25,000. Caitlin John LLC acquired a new position in Union Pacific during the third quarter valued at approximately $27,000. Finally, Saranac Partners Ltd bought a new stake in Union Pacific in the third quarter valued at approximately $27,000. Institutional investors own 80.38% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the stock. Benchmark lifted their price target on shares of Union Pacific from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. UBS Group restated a “neutral” rating and issued a $274.00 price objective (up from $253.00) on shares of Union Pacific in a research report on Friday, April 24th. BMO Capital Markets reaffirmed a “market perform” rating and set a $285.00 price objective (up from $278.00) on shares of Union Pacific in a research note on Friday, April 24th. Raymond James Financial set a $310.00 price objective on Union Pacific in a research note on Friday, April 24th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $289.00 target price (up from $273.00) on shares of Union Pacific in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Union Pacific currently has an average rating of “Moderate Buy” and an average target price of $282.21.
Union Pacific Stock Performance
Shares of UNP opened at $257.46 on Monday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.73 and a current ratio of 0.92. Union Pacific Corporation has a twelve month low of $210.84 and a twelve month high of $279.70. The firm’s 50 day moving average price is $263.79 and its two-hundred day moving average price is $249.93. The firm has a market cap of $152.86 billion, a P/E ratio of 21.21, a PEG ratio of 2.72 and a beta of 0.97.
Union Pacific (NYSE:UNP – Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.07. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The company had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.12 billion. During the same quarter in the prior year, the company earned $2.70 earnings per share. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, analysts forecast that Union Pacific Corporation will post 12.55 EPS for the current fiscal year.
Union Pacific Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be paid a $1.38 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a yield of 2.1%. Union Pacific’s dividend payout ratio is presently 45.47%.
Insider Buying and Selling
In other news, EVP Kenyatta G. Rocker sold 27,387 shares of the business’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $271.76, for a total value of $7,442,691.12. Following the sale, the executive vice president directly owned 61,102 shares in the company, valued at $16,605,079.52. The trade was a 30.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Eric J. Gehringer sold 2,991 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total value of $789,504.36. Following the completion of the sale, the executive vice president owned 43,012 shares in the company, valued at approximately $11,353,447.52. This trade represents a 6.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 32,378 shares of company stock valued at $8,781,595. Company insiders own 0.22% of the company’s stock.
Union Pacific Profile
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.
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