Procyon Advisors LLC Boosts Stock Position in Union Pacific Co. (NYSE:UNP)

Procyon Advisors LLC raised its holdings in Union Pacific Co. (NYSE:UNP) by 17.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,586 shares of the railroad operator’s stock after purchasing an additional 3,537 shares during the quarter. Procyon Advisors LLC’s holdings in Union Pacific were worth $5,379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. World Investment Advisors LLC grew its stake in shares of Union Pacific by 103.1% during the 3rd quarter. World Investment Advisors LLC now owns 35,581 shares of the railroad operator’s stock worth $8,770,000 after acquiring an additional 18,060 shares during the period. Shellback Capital LP raised its position in shares of Union Pacific by 28.2% in the second quarter. Shellback Capital LP now owns 20,000 shares of the railroad operator’s stock valued at $4,525,000 after purchasing an additional 4,400 shares during the period. Peoples Bank KS purchased a new stake in shares of Union Pacific during the 3rd quarter valued at approximately $834,000. Maj Invest Holding A S lifted its stake in shares of Union Pacific by 0.3% during the 3rd quarter. Maj Invest Holding A S now owns 676,098 shares of the railroad operator’s stock valued at $166,645,000 after buying an additional 2,202 shares in the last quarter. Finally, Pensionfund Sabic boosted its holdings in Union Pacific by 61.5% in the 4th quarter. Pensionfund Sabic now owns 10,500 shares of the railroad operator’s stock worth $2,394,000 after buying an additional 4,000 shares during the period. 80.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UNP has been the subject of several analyst reports. Raymond James raised their price target on shares of Union Pacific from $260.00 to $265.00 and gave the company a “strong-buy” rating in a report on Friday, January 10th. Susquehanna decreased their target price on shares of Union Pacific from $260.00 to $255.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Robert W. Baird cut their price target on shares of Union Pacific from $270.00 to $260.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. JPMorgan Chase & Co. decreased their price objective on Union Pacific from $263.00 to $252.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Finally, Royal Bank of Canada lowered their target price on Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Union Pacific presently has a consensus rating of “Moderate Buy” and an average price target of $259.35.

Union Pacific Trading Up 1.7 %

UNP stock opened at $234.88 on Friday. The company has a market capitalization of $142.40 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 2.02 and a beta of 1.06. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63. Union Pacific Co. has a 1-year low of $218.55 and a 1-year high of $258.66. The business has a 50 day simple moving average of $234.14 and a two-hundred day simple moving average of $238.82.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing the consensus estimate of $2.78 by ($0.03). The company had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.14 billion. Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The business’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.51 earnings per share. Research analysts anticipate that Union Pacific Co. will post 10.95 EPS for the current fiscal year.

Union Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date was Monday, December 9th. Union Pacific’s payout ratio is 49.22%.

Union Pacific Company 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.