Miracle Mile Advisors LLC Has $9.51 Million Position in Union Pacific Co. (NYSE:UNP)

Miracle Mile Advisors LLC grew its stake in Union Pacific Co. (NYSE:UNP) by 0.5% during the first quarter, HoldingsChannel reports. The firm owned 38,661 shares of the railroad operator’s stock after buying an additional 205 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Union Pacific were worth $9,508,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in UNP. Silver Oak Advisory Group Inc. acquired a new stake in Union Pacific during the 4th quarter worth approximately $219,000. Allegheny Financial Group LTD boosted its position in Union Pacific by 22.5% during the 4th quarter. Allegheny Financial Group LTD now owns 10,885 shares of the railroad operator’s stock worth $2,674,000 after buying an additional 2,000 shares during the period. Silver Oak Securities Incorporated acquired a new stake in Union Pacific during the 4th quarter worth approximately $238,000. Nordea Investment Management AB boosted its position in Union Pacific by 46.9% during the 4th quarter. Nordea Investment Management AB now owns 87,905 shares of the railroad operator’s stock worth $21,596,000 after buying an additional 28,052 shares during the period. Finally, Procyon Advisors LLC boosted its position in Union Pacific by 48.3% during the 4th quarter. Procyon Advisors LLC now owns 18,512 shares of the railroad operator’s stock worth $4,547,000 after buying an additional 6,031 shares during the period. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Stock Down 0.6 %

UNP stock traded down $1.40 during midday trading on Monday, reaching $224.86. 1,666,695 shares of the company’s stock traded hands, compared to its average volume of 2,310,057. The company has a market cap of $137.19 billion, a price-to-earnings ratio of 21.44, a P/E/G ratio of 1.92 and a beta of 1.07. The firm’s fifty day moving average price is $233.31 and its 200-day moving average price is $240.32. 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 52 week low of $199.33 and a 52 week high of $258.66.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, April 25th. The railroad operator reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.50 by $0.19. The business had revenue of $6.03 billion during the quarter, compared to analyst estimates of $5.97 billion. Union Pacific had a net margin of 26.52% and a return on equity of 44.34%. Union Pacific’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.67 EPS. As a group, sell-side analysts forecast that Union Pacific Co. will post 11.22 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 31st were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date was Friday, May 31st. Union Pacific’s dividend payout ratio is 49.62%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on UNP shares. TD Cowen lifted their target price on shares of Union Pacific from $252.00 to $258.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Morgan Stanley boosted their price target on shares of Union Pacific from $198.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Jefferies Financial Group began coverage on shares of Union Pacific in a research report on Monday, April 8th. They issued a “hold” rating and a $250.00 price target on the stock. Stifel Nicolaus upgraded shares of Union Pacific from a “hold” rating to a “buy” rating and boosted their price target for the stock from $248.00 to $267.00 in a research report on Friday, May 3rd. Finally, Wells Fargo & Company began coverage on shares of Union Pacific in a research report on Friday, June 7th. They issued an “overweight” rating and a $270.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Union Pacific currently has an average rating of “Moderate Buy” and an average target price 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.