Grant Private Wealth Management Inc Buys Shares of 864 Union Pacific Co. (NYSE:UNP)

Grant Private Wealth Management Inc bought a new stake in shares of Union Pacific Co. (NYSE:UNP) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 864 shares of the railroad operator’s stock, valued at approximately $204,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Fiduciary Trust Co increased its position in shares of Union Pacific by 2.8% during the 4th quarter. Fiduciary Trust Co now owns 102,213 shares of the railroad operator’s stock valued at $23,309,000 after purchasing an additional 2,807 shares during the period. Sherbrooke Park Advisers LLC acquired a new position in shares of Union Pacific during the 4th quarter valued at $781,000. Pinnbrook Capital Management LP acquired a new position in shares of Union Pacific during the 4th quarter valued at $3,954,000. Miramar Capital LLC increased its position in shares of Union Pacific by 3.1% during the 4th quarter. Miramar Capital LLC now owns 54,564 shares of the railroad operator’s stock valued at $12,443,000 after purchasing an additional 1,648 shares during the period. Finally, NTV Asset Management LLC increased its position in shares of Union Pacific by 3.2% during the 4th quarter. NTV Asset Management LLC now owns 1,635 shares of the railroad operator’s stock valued at $373,000 after purchasing an additional 51 shares during the period. Institutional investors own 80.38% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on UNP. Susquehanna lowered their price target on Union Pacific from $255.00 to $245.00 and set a “neutral” rating on the stock in a research report on Friday, April 25th. Bank of America lifted their target price on Union Pacific from $256.00 to $262.00 and gave the stock a “buy” rating in a report on Friday, May 16th. Stephens decreased their target price on Union Pacific from $275.00 to $255.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. The Goldman Sachs Group restated a “neutral” rating and issued a $263.00 target price on shares of Union Pacific in a report on Monday, June 2nd. Finally, Raymond James restated a “strong-buy” rating on shares of Union Pacific in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $257.74.

Union Pacific Stock Performance

Shares of UNP stock opened at $223.17 on Friday. Union Pacific Co. has a 1-year low of $204.66 and a 1-year high of $258.07. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. The company has a market capitalization of $133.34 billion, a price-to-earnings ratio of 20.12, a P/E/G ratio of 2.15 and a beta of 1.05. The stock’s fifty day simple moving average is $220.90 and its 200-day simple moving average is $231.55.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, April 24th. The railroad operator reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.73 by ($0.03). The firm had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.11 billion. Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. Union Pacific’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the business posted $2.69 EPS. On average, sell-side analysts predict that Union Pacific Co. will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be given a dividend of $1.34 per share. The ex-dividend date is Friday, May 30th. This represents a $5.36 dividend on an annualized basis and a yield of 2.40%. Union Pacific’s payout ratio is 48.29%.

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.