Thrive Wealth Management LLC Grows Position in Union Pacific Co. (NYSE:UNP)

Thrive Wealth Management LLC boosted its stake in shares of Union Pacific Co. (NYSE:UNP) by 4.7% during the 1st quarter, Holdings Channel reports. The firm owned 4,192 shares of the railroad operator’s stock after acquiring an additional 190 shares during the quarter. Thrive Wealth Management LLC’s holdings in Union Pacific were worth $1,031,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. 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. lifted its stake in Union Pacific by 211.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 109 shares of the railroad operator’s stock valued at $27,000 after acquiring an additional 74 shares during the period. Valued Wealth Advisors LLC acquired a new stake in Union Pacific during the 4th quarter valued at approximately $28,000. Scarborough Advisors LLC acquired a new stake in Union Pacific during the 4th quarter valued at approximately $29,000. Finally, Transcendent Capital Group LLC acquired a new stake in Union Pacific during the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Trading Up 1.2 %

Shares of UNP traded up $2.60 during mid-day trading on Friday, reaching $226.07. The stock had a trading volume of 151,615 shares, compared to its average volume of 2,288,302. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.93 and a quick ratio of 0.76. Union Pacific Co. has a 52-week low of $199.33 and a 52-week high of $258.66. The business’s fifty day moving average is $233.55 and its 200 day moving average is $240.40. The firm has a market cap of $137.93 billion, a price-to-earnings ratio of 21.32, a P/E/G ratio of 1.82 and a beta of 1.05.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, April 25th. The railroad operator reported $2.69 earnings per share 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 net margin of 26.52% and a return on equity of 44.34%. The firm’s revenue was down .4% compared to the same quarter last year. During the same quarter last year, the company earned $2.67 earnings per share. On average, sell-side analysts predict that Union Pacific Co. will post 11.25 EPS for the current fiscal year.

Union Pacific Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be paid a $1.30 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $5.20 annualized dividend and a yield of 2.30%. Union Pacific’s dividend payout ratio is currently 49.62%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Morgan Stanley lifted their price objective on shares of Union Pacific from $198.00 to $210.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Wells Fargo & Company started coverage on shares of Union Pacific in a research note on Friday, June 7th. They set an “overweight” rating and a $270.00 price objective for the company. TD Cowen boosted their target price on shares of Union Pacific from $252.00 to $258.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Stifel Nicolaus upgraded shares of Union Pacific from a “hold” rating to a “buy” rating and boosted their target price for the company from $248.00 to $267.00 in a research note on Friday, May 3rd. Finally, Evercore ISI boosted their target price on shares of Union Pacific from $271.00 to $273.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $258.92.

About Union Pacific

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.