Oppenheimer & Co. Inc. Has $9.17 Million Stock Holdings in Union Pacific Co. (NYSE:UNP)

Oppenheimer & Co. Inc. lessened its holdings in shares of Union Pacific Co. (NYSE:UNP) by 5.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 37,293 shares of the railroad operator’s stock after selling 2,314 shares during the period. Oppenheimer & Co. Inc.’s holdings in Union Pacific were worth $9,171,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Neo Ivy Capital Management bought a new stake in shares of Union Pacific in the 3rd quarter valued at approximately $829,000. American Century Companies Inc. grew its stake in shares of Union Pacific by 1.8% in the 3rd quarter. American Century Companies Inc. now owns 792,439 shares of the railroad operator’s stock valued at $161,364,000 after purchasing an additional 14,152 shares during the period. VisionPoint Advisory Group LLC grew its stake in shares of Union Pacific by 235.0% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,638 shares of the railroad operator’s stock valued at $333,000 after purchasing an additional 1,149 shares during the period. Financial Insights Inc. bought a new stake in shares of Union Pacific in the 3rd quarter valued at approximately $573,000. Finally, Hudson Bay Capital Management LP bought a new stake in shares of Union Pacific in the 3rd quarter valued at approximately $4,073,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on UNP shares. Sanford C. Bernstein dropped their price target on Union Pacific from $290.00 to $273.00 and set an “outperform” rating for the company in a report on Monday, July 8th. Stifel Nicolaus raised Union Pacific from a “hold” rating to a “buy” rating and raised their price target for the company from $248.00 to $267.00 in a report on Friday, May 3rd. The Goldman Sachs Group raised their price target on Union Pacific from $248.00 to $274.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Wells Fargo & Company started coverage on Union Pacific in a report on Friday, June 7th. They set an “overweight” rating and a $270.00 price target for the company. Finally, StockNews.com cut Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th. Eight 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 company’s stock. According to data from MarketBeat.com, Union Pacific presently has an average rating of “Moderate Buy” and a consensus price target of $258.63.

Union Pacific Trading Up 0.7 %

UNP stock traded up $1.50 during midday trading on Friday, hitting $230.22. 1,912,319 shares of the company’s stock were exchanged, compared to its average volume of 1,925,143. The stock’s fifty day moving average price is $230.81 and its 200-day moving average price is $239.20. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.76 and a current ratio of 0.93. The company has a market cap of $140.46 billion, a PE ratio of 21.97, a price-to-earnings-growth ratio of 1.94 and a beta of 1.06. Union Pacific Co. has a one year low of $199.33 and a one year high of $258.66.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, April 25th. The railroad operator reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.50 by $0.19. The firm had revenue of $6.03 billion for the quarter, compared to analyst estimates of $5.97 billion. Union Pacific had a return on equity of 44.34% and a net margin of 26.52%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the company posted $2.67 earnings per share. Research analysts predict that Union Pacific Co. will post 11.21 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Friday, May 31st. This represents a $5.20 annualized dividend and a yield of 2.26%. Union Pacific’s dividend payout ratio is presently 49.62%.

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.