Centric Wealth Management Has $2.78 Million Stock Position in Union Pacific Co. (NYSE:UNP)

Centric Wealth Management grew its stake in shares of Union Pacific Co. (NYSE:UNP) by 2.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,199 shares of the railroad operator’s stock after buying an additional 254 shares during the period. Centric Wealth Management’s holdings in Union Pacific were worth $2,783,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of UNP. Cultivar Capital Inc. bought a new position in Union Pacific in the second quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL bought a new position in Union Pacific in the second quarter valued at $28,000. Financial Gravity Asset Management Inc. increased its stake in Union Pacific by 3,250.0% in the 2nd quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator’s stock valued at $30,000 after buying an additional 130 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in Union Pacific during the 3rd quarter worth about $30,000. Finally, Fairscale Capital LLC acquired a new position in shares of Union Pacific during the 2nd quarter worth about $31,000. 80.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on UNP. Daiwa America lowered Union Pacific from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Robert W. Baird cut their target price on shares of Union Pacific from $270.00 to $260.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Benchmark reaffirmed a “buy” rating and set a $266.00 target price on shares of Union Pacific in a report on Friday, October 25th. Raymond James raised their price objective on shares of Union Pacific from $265.00 to $275.00 and gave the stock a “strong-buy” rating in a research report on Monday, October 14th. Finally, Royal Bank of Canada dropped their price target on Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $259.80.

Union Pacific Price Performance

UNP stock opened at $245.23 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79. The company’s fifty day simple moving average is $240.13 and its 200 day simple moving average is $238.56. Union Pacific Co. has a 12-month low of $218.55 and a 12-month high of $258.66. The firm has a market cap of $148.67 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 2.43 and a beta of 1.06.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). The business had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. Union Pacific’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.51 earnings per share. On average, analysts expect that Union Pacific Co. will post 10.94 earnings per share for the current year.

Union Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be issued a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 2.19%. Union Pacific’s dividend payout ratio is 49.22%.

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.