Pinnacle Bank trimmed its position in Union Pacific Co. (NYSE:UNP) by 3.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,581 shares of the railroad operator’s stock after selling 105 shares during the quarter. Pinnacle Bank’s holdings in Union Pacific were worth $436,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the company. Prestige Wealth Management Group LLC acquired a new position in Union Pacific in the 1st quarter worth approximately $32,000. Royal Fund Management LLC purchased a new stake in shares of Union Pacific in the first quarter valued at $35,000. Westside Investment Management Inc. acquired a new stake in shares of Union Pacific in the first quarter worth $37,000. Simon Quick Advisors LLC grew its holdings in shares of Union Pacific by 90.5% during the first quarter. Simon Quick Advisors LLC now owns 360 shares of the railroad operator’s stock valued at $51,000 after buying an additional 171 shares in the last quarter. Finally, 1776 Wealth LLC raised its position in Union Pacific by 23.0% during the first quarter. 1776 Wealth LLC now owns 390 shares of the railroad operator’s stock valued at $55,000 after buying an additional 73 shares during the period. Institutional investors and hedge funds own 79.00% of the company’s stock.
NYSE:UNP traded down $1.58 during trading hours on Tuesday, hitting $170.58. 1,018,633 shares of the company were exchanged, compared to its average volume of 3,615,879. The company has a fifty day simple moving average of $168.95 and a 200 day simple moving average of $164.78. Union Pacific Co. has a one year low of $105.08 and a one year high of $188.96. The stock has a market capitalization of $115.73 billion, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 2.20 and a beta of 1.06. The company has a current ratio of 0.82, a quick ratio of 0.67 and a debt-to-equity ratio of 1.65.
Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, April 23rd. The railroad operator reported $2.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.25. Union Pacific had a net margin of 27.85% and a return on equity of 34.15%. The firm had revenue of $5.23 billion for the quarter, compared to the consensus estimate of $5.08 billion. During the same quarter in the previous year, the company earned $1.93 EPS. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. Equities research analysts predict that Union Pacific Co. will post 7.68 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 29th were given a dividend of $0.97 per share. The ex-dividend date was Thursday, May 28th. This represents a $3.88 annualized dividend and a dividend yield of 2.27%. Union Pacific’s payout ratio is 46.30%.
Several equities analysts have weighed in on the company. Cowen lifted their target price on Union Pacific from $156.00 to $163.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Morgan Stanley raised shares of Union Pacific from an “underweight” rating to an “equal weight” rating and lowered their price objective for the company from $139.00 to $125.00 in a research report on Monday, March 23rd. Stephens increased their target price on shares of Union Pacific from $167.00 to $176.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Royal Bank of Canada decreased their target price on shares of Union Pacific from $180.00 to $177.00 and set an “outperform” rating for the company in a research note on Friday, April 24th. Finally, BMO Capital Markets upped their price target on shares of Union Pacific from $180.00 to $190.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Union Pacific presently has a consensus rating of “Buy” and an average price target of $174.42.
Union Pacific Company Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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