SteelPeak Wealth LLC Trims Stake in Union Pacific Co. (NYSE:UNP)

SteelPeak Wealth LLC cut its stake in shares of Union Pacific Co. (NYSE:UNP) by 33.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,979 shares of the railroad operator’s stock after selling 1,000 shares during the period. SteelPeak Wealth LLC’s holdings in Union Pacific were worth $487,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. OLD Point Trust & Financial Services N A purchased a new stake in Union Pacific during the 4th quarter valued at approximately $25,000. Richardson Capital Management LLC purchased a new stake in Union Pacific during the 1st quarter valued at approximately $26,000. Raleigh Capital Management Inc. raised its stake in Union Pacific by 211.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 109 shares of the railroad operator’s stock valued at $27,000 after acquiring an additional 74 shares during the last quarter. Valued Wealth Advisors LLC purchased a new stake in Union Pacific during the 4th quarter valued at approximately $28,000. Finally, Scarborough Advisors LLC acquired a new position in Union Pacific during the 4th quarter worth approximately $29,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on UNP. Raymond James reiterated a “strong-buy” rating and set a $280.00 target price (up previously from $275.00) on shares of Union Pacific in a research report on Friday, April 26th. StockNews.com cut Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. Wells Fargo & Company began coverage on Union Pacific in a research report on Friday, June 7th. They set an “overweight” rating and a $270.00 target price on the stock. Benchmark boosted their target price on Union Pacific from $260.00 to $266.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Finally, TD Cowen boosted their target price on Union Pacific from $252.00 to $258.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Eight equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $258.92.

Union Pacific Trading Up 1.2 %

Shares of Union Pacific stock traded up $2.79 during trading hours on Friday, reaching $226.26. 3,492,610 shares of the company’s stock were exchanged, compared to its average volume of 2,420,808. Union Pacific Co. has a 52-week low of $199.33 and a 52-week high of $258.66. The firm has a market capitalization of $138.05 billion, a price-to-earnings ratio of 21.59, a price-to-earnings-growth ratio of 1.84 and a beta of 1.05. The company has a fifty day moving average of $233.31 and a 200-day moving average of $240.32. 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 issued its quarterly earnings results on Thursday, April 25th. The railroad operator reported $2.69 earnings per share for the quarter, topping analysts’ consensus estimates of $2.50 by $0.19. Union Pacific had a return on equity of 44.34% and a net margin of 26.52%. The company had revenue of $6.03 billion for the quarter, compared to analyst estimates of $5.97 billion. During the same quarter in the prior year, the company posted $2.67 EPS. The business’s revenue for the quarter was down .4% compared to the same quarter last year. Sell-side analysts forecast that Union Pacific Co. will post 11.22 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 31st were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date was Friday, May 31st. Union Pacific’s dividend payout ratio is presently 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.