Union Pacific Co. (NYSE:UNP) Position Raised by Oak Harvest Investment Services

Oak Harvest Investment Services raised its position in shares of Union Pacific Co. (NYSE:UNP) by 39.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,733 shares of the railroad operator’s stock after purchasing an additional 12,654 shares during the quarter. Union Pacific comprises 1.9% of Oak Harvest Investment Services’ portfolio, making the stock its 14th largest holding. Oak Harvest Investment Services’ holdings in Union Pacific were worth $11,001,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Core Wealth Partners LLC lifted its stake in Union Pacific by 2.8% during the first quarter. Core Wealth Partners LLC now owns 4,326 shares of the railroad operator’s stock valued at $1,064,000 after purchasing an additional 118 shares during the last quarter. Capital Wealth Management LLC bought a new stake in shares of Union Pacific during the 1st quarter worth $209,000. Accel Wealth Management acquired a new position in shares of Union Pacific in the 1st quarter worth $230,000. First Trust Direct Indexing L.P. grew its holdings in shares of Union Pacific by 10.4% in the 1st quarter. First Trust Direct Indexing L.P. now owns 17,672 shares of the railroad operator’s stock worth $4,346,000 after acquiring an additional 1,671 shares during the last quarter. Finally, Massachusetts Wealth Management raised its position in shares of Union Pacific by 4.9% during the first quarter. Massachusetts Wealth Management now owns 6,437 shares of the railroad operator’s stock worth $1,583,000 after purchasing an additional 300 shares during the period. Institutional investors own 80.38% of the company’s stock.

Analyst Ratings Changes

UNP has been the topic of a number of analyst reports. StockNews.com cut Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Evercore ISI boosted their price target on shares of Union Pacific from $271.00 to $273.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Wells Fargo & Company initiated coverage on shares of Union Pacific in a research note on Friday, June 7th. They issued an “overweight” rating and a $270.00 price objective for the company. Loop Capital lowered Union Pacific from a “buy” rating to a “hold” rating and reduced their target price for the company from $276.00 to $238.00 in a report on Monday, June 17th. Finally, Morgan Stanley lifted their price target on Union Pacific from $198.00 to $210.00 and gave the company an “equal weight” rating in a report 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 stock. According to MarketBeat.com, Union Pacific has an average rating of “Moderate Buy” and an average price target of $258.92.

Union Pacific Stock Performance

UNP traded up $0.07 during midday trading on Thursday, reaching $225.57. The company’s stock had a trading volume of 1,219,762 shares, compared to its average volume of 2,259,866. Union Pacific Co. has a twelve month low of $199.33 and a twelve month high of $258.66. The stock has a market cap of $137.63 billion, a P/E ratio of 21.52, a PEG ratio of 1.92 and a beta of 1.07. The company has a fifty day simple moving average of $232.77 and a 200 day simple moving average of $239.98. 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 announced its quarterly earnings data on Thursday, April 25th. The railroad operator reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.50 by $0.19. The business had revenue of $6.03 billion for 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%. Union Pacific’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter last year, the company posted $2.67 earnings per share. Research analysts expect that Union Pacific Co. will post 11.22 earnings per share for the current year.

Union Pacific Announces Dividend

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

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.