Union Pacific Co. (NYSE:UNP) Shares Sold by Wealthspire Advisors LLC

Wealthspire Advisors LLC reduced its position in Union Pacific Co. (NYSE:UNP) by 3.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 11,704 shares of the railroad operator’s stock after selling 397 shares during the period. Wealthspire Advisors LLC’s holdings in Union Pacific were worth $2,878,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Metis Global Partners LLC boosted its stake in Union Pacific by 5.9% in the 1st quarter. Metis Global Partners LLC now owns 26,055 shares of the railroad operator’s stock worth $6,408,000 after buying an additional 1,450 shares during the last quarter. Empowered Funds LLC grew its holdings in Union Pacific by 266.7% in the first quarter. Empowered Funds LLC now owns 28,139 shares of the railroad operator’s stock valued at $6,920,000 after purchasing an additional 20,465 shares during the period. AIA Group Ltd increased its position in Union Pacific by 13.9% during the first quarter. AIA Group Ltd now owns 2,367 shares of the railroad operator’s stock worth $582,000 after purchasing an additional 288 shares during the last quarter. Sciencast Management LP purchased a new position in Union Pacific during the first quarter worth approximately $1,936,000. Finally, Stokes Family Office LLC boosted its holdings in shares of Union Pacific by 15.2% in the 1st quarter. Stokes Family Office LLC now owns 6,830 shares of the railroad operator’s stock valued at $1,680,000 after purchasing an additional 901 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Stock Performance

NYSE UNP traded up $1.50 on Friday, hitting $230.22. The stock had a trading volume of 1,912,319 shares, compared to its average volume of 1,925,143. The company’s 50-day moving average is $230.81 and its two-hundred day moving average is $239.20. The stock has a market cap of $140.46 billion, a price-to-earnings ratio of 21.97, a P/E/G ratio of 1.94 and a beta of 1.06. The company has a quick ratio of 0.76, a current ratio of 0.93 and a debt-to-equity ratio of 1.99. Union Pacific Co. has a one year low of $199.33 and a one year high of $258.66.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, April 25th. The railroad operator reported $2.69 EPS for the quarter, beating the consensus estimate of $2.50 by $0.19. The firm had revenue of $6.03 billion for the quarter, compared to analysts’ expectations of $5.97 billion. Union Pacific had a return on equity of 44.34% and a net margin of 26.52%. The firm’s revenue was down .4% compared to the same quarter last year. During the same period last year, the firm earned $2.67 EPS. On average, analysts expect that Union Pacific Co. will post 11.21 earnings per share for the current year.

Union Pacific Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 31st were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.26%. Union Pacific’s dividend payout ratio (DPR) is 49.62%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Jefferies Financial Group began coverage on shares of Union Pacific in a research report on Monday, April 8th. They set a “hold” rating and a $250.00 price target for the company. Loop Capital lowered shares of Union Pacific from a “buy” rating to a “hold” rating and cut their price objective for the stock from $276.00 to $238.00 in a report on Monday, June 17th. TD Cowen raised their target price on Union Pacific from $252.00 to $258.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Wells Fargo & Company assumed coverage on Union Pacific in a research note on Friday, June 7th. They issued an “overweight” rating and a $270.00 price target on the stock. Finally, Raymond James restated a “strong-buy” rating and set a $280.00 price objective (up previously from $275.00) on shares of Union Pacific in a research note on Friday, April 26th. Eight investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Union Pacific presently has an average rating of “Moderate Buy” and an average price target of $258.63.

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.