Union Pacific Co. (NYSE:UNP) Shares Acquired by Norris Perne & French LLP MI

Norris Perne & French LLP MI grew its stake in Union Pacific Co. (NYSE:UNP) by 1.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 91,748 shares of the railroad operator’s stock after buying an additional 1,321 shares during the quarter. Union Pacific accounts for about 1.6% of Norris Perne & French LLP MI’s portfolio, making the stock its 18th largest holding. Norris Perne & French LLP MI’s holdings in Union Pacific were worth $22,564,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of UNP. OLD Point Trust & Financial Services N A purchased a new stake in Union Pacific during the 4th quarter worth approximately $25,000. Raleigh Capital Management Inc. grew its position in shares of Union Pacific by 211.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 109 shares of the railroad operator’s stock valued at $27,000 after purchasing an additional 74 shares in the last quarter. Valued Wealth Advisors LLC purchased a new stake in shares of Union Pacific in the fourth quarter valued at approximately $28,000. Scarborough Advisors LLC purchased a new stake in shares of Union Pacific in the fourth quarter valued at approximately $29,000. Finally, Transcendent Capital Group LLC purchased a new position in Union Pacific in the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Price Performance

UNP stock traded up $2.79 on Friday, hitting $226.26. 3,492,610 shares of the company’s stock traded hands, compared to its average volume of 2,420,808. Union Pacific Co. has a 1-year low of $199.33 and a 1-year high of $258.66. The stock has a market cap of $138.05 billion, a price-to-earnings ratio of 21.59, a P/E/G ratio of 1.82 and a beta of 1.05. The stock has a fifty day moving average of $233.31 and a 200-day moving average of $240.24. The company has a current ratio of 0.93, a quick ratio of 0.76 and a debt-to-equity ratio of 1.99.

Union Pacific (NYSE:UNP) last issued its quarterly 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 business had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $5.97 billion. Union Pacific had a net margin of 26.52% and a return on equity of 44.34%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.67 EPS. On average, analysts forecast that Union Pacific Co. will post 11.25 EPS for the current fiscal year.

Union Pacific Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 31st were given a $1.30 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $5.20 annualized dividend and a dividend yield of 2.30%. Union Pacific’s dividend payout ratio (DPR) is presently 49.62%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. 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 objective on the stock. StockNews.com cut Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Raymond James restated a “strong-buy” rating and issued a $280.00 price target (up from $275.00) on shares of Union Pacific in a research note on Friday, April 26th. Loop Capital cut Union Pacific from a “buy” rating to a “hold” rating and cut their price target for the company from $276.00 to $238.00 in a research note on Monday, June 17th. Finally, Benchmark raised their price target on Union Pacific from $260.00 to $266.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Union Pacific presently has a consensus rating of “Moderate Buy” and an average price target of $258.92.

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.