Union Pacific Co. (NYSE:UNP) Shares Purchased by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC lifted its position in Union Pacific Co. (NYSE:UNP) by 57.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,341 shares of the railroad operator’s stock after acquiring an additional 490 shares during the period. Hohimer Wealth Management LLC’s holdings in Union Pacific were worth $330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in UNP. Norges Bank acquired a new position in Union Pacific during the fourth quarter worth $1,832,127,000. Capital Research Global Investors raised its position in Union Pacific by 23.1% in the fourth quarter. Capital Research Global Investors now owns 6,851,767 shares of the railroad operator’s stock valued at $1,682,931,000 after purchasing an additional 1,285,144 shares during the period. Winslow Capital Management LLC purchased a new stake in Union Pacific in the fourth quarter valued at $293,162,000. Cerity Partners LLC raised its position in Union Pacific by 331.7% in the fourth quarter. Cerity Partners LLC now owns 1,143,298 shares of the railroad operator’s stock valued at $280,817,000 after purchasing an additional 878,490 shares during the period. Finally, International Assets Investment Management LLC raised its position in Union Pacific by 20,736.8% in the fourth quarter. International Assets Investment Management LLC now owns 803,677 shares of the railroad operator’s stock valued at $197,399,000 after purchasing an additional 799,820 shares during the period. 80.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UNP has been the topic of a number of research analyst reports. Sanford C. Bernstein reduced their target price on Union Pacific from $290.00 to $273.00 and set an “outperform” rating on the stock in a research report on Monday, July 8th. Raymond James reiterated a “strong-buy” rating and issued a $280.00 price objective (up previously from $275.00) on shares of Union Pacific in a report on Friday, April 26th. StockNews.com downgraded Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th. Benchmark boosted their price objective on Union Pacific from $260.00 to $266.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Finally, TD Cowen boosted their price objective on Union Pacific from $252.00 to $258.00 and gave the company a “buy” rating in a report on Friday, April 26th. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $258.63.

Union Pacific Stock Performance

Union Pacific stock traded up $7.13 during mid-day trading on Tuesday, reaching $243.12. 3,417,359 shares of the company were exchanged, compared to its average volume of 2,279,573. Union Pacific Co. has a twelve month low of $199.33 and a twelve month high of $258.66. The firm’s 50-day simple moving average is $230.75 and its two-hundred day simple moving average is $239.04. 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 firm has a market cap of $148.33 billion, a PE ratio of 22.52, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, April 25th. The railroad operator reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.50 by $0.19. The business had revenue of $6.03 billion during the quarter, compared to the consensus estimate 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 prior year, the business posted $2.67 EPS. Equities analysts predict that Union Pacific Co. will post 11.21 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 31st were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend was Friday, May 31st. Union Pacific’s payout ratio is currently 49.62%.

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.