Cornerstone Wealth Management LLC Decreases Position in Union Pacific Co. (NYSE:UNP)

Cornerstone Wealth Management LLC decreased its holdings in Union Pacific Co. (NYSE:UNP) by 9.7% in the first quarter, Holdings Channel reports. The fund owned 3,603 shares of the railroad operator’s stock after selling 388 shares during the period. Cornerstone Wealth Management LLC’s holdings in Union Pacific were worth $886,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Norges Bank acquired a new stake in Union Pacific in the 4th quarter valued at about $1,832,127,000. Wellington Management Group LLP raised its holdings in Union Pacific by 0.3% in the 3rd quarter. Wellington Management Group LLP now owns 7,261,449 shares of the railroad operator’s stock valued at $1,478,649,000 after acquiring an additional 19,145 shares during the last quarter. Capital Research Global Investors raised its holdings in Union Pacific by 23.1% in the 4th quarter. Capital Research Global Investors now owns 6,851,767 shares of the railroad operator’s stock valued at $1,682,931,000 after acquiring an additional 1,285,144 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Union Pacific by 2.2% in the 4th quarter. Fisher Asset Management LLC now owns 5,867,842 shares of the railroad operator’s stock valued at $1,441,260,000 after acquiring an additional 125,522 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in Union Pacific by 7.1% in the 4th quarter. Franklin Resources Inc. now owns 5,504,181 shares of the railroad operator’s stock valued at $1,351,937,000 after acquiring an additional 364,029 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Performance

Shares of Union Pacific stock traded up $0.07 on Thursday, reaching $225.57. 1,219,762 shares of the stock were exchanged, compared to its average volume of 2,259,866. Union Pacific Co. has a 1-year low of $199.33 and a 1-year high of $258.66. The company has a current ratio of 0.93, a quick ratio of 0.76 and a debt-to-equity ratio of 1.99. The business has a fifty day moving average price of $232.77 and a two-hundred day moving average price of $239.98. The firm has a market capitalization of $137.63 billion, a PE ratio of 21.52, a PEG ratio of 1.92 and a beta of 1.07.

Union Pacific (NYSE:UNP) last issued its quarterly 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. Union Pacific had a net margin of 26.52% and a return on equity of 44.34%. The business had revenue of $6.03 billion for the quarter, compared to analyst estimates of $5.97 billion. During the same period in the previous year, the business posted $2.67 earnings per share. The business’s revenue was down .4% compared to the same quarter last year. As a group, research analysts anticipate that Union Pacific Co. will post 11.22 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 31st were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.31%. Union Pacific’s dividend payout ratio (DPR) is 49.62%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on UNP. Wells Fargo & Company began coverage on shares of Union Pacific in a report on Friday, June 7th. They set an “overweight” rating and a $270.00 price target for the company. Loop Capital cut shares of Union Pacific from a “buy” rating to a “hold” rating and decreased their price target for the company from $276.00 to $238.00 in a research report on Monday, June 17th. Raymond James reissued a “strong-buy” rating and issued a $280.00 price target (up previously from $275.00) on shares of Union Pacific in a research report on Friday, April 26th. Stifel Nicolaus raised shares of 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 research report on Friday, May 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Union Pacific from $237.00 to $243.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 9th. Eight investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Union Pacific currently has an average rating of “Moderate Buy” and an average price target of $258.92.

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.