Scarborough Advisors LLC Purchases New Shares in Union Pacific Co. (NYSE:UNP)

Scarborough Advisors LLC bought a new position in Union Pacific Co. (NYSE:UNP) during the fourth quarter, HoldingsChannel.com reports. The fund bought 117 shares of the railroad operator’s stock, valued at approximately $29,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of UNP. Aigen Investment Management LP purchased a new stake in Union Pacific in the third quarter worth $607,000. CI Investments Inc. increased its stake in Union Pacific by 2.9% in the third quarter. CI Investments Inc. now owns 11,251 shares of the railroad operator’s stock worth $2,291,000 after purchasing an additional 317 shares during the period. Bison Wealth LLC increased its stake in Union Pacific by 87.7% in the third quarter. Bison Wealth LLC now owns 3,561 shares of the railroad operator’s stock worth $725,000 after purchasing an additional 1,664 shares during the period. Rathbones Group PLC increased its stake in Union Pacific by 8.5% in the third quarter. Rathbones Group PLC now owns 46,945 shares of the railroad operator’s stock worth $9,559,000 after purchasing an additional 3,678 shares during the period. Finally, UniSuper Management Pty Ltd grew its position in shares of Union Pacific by 1,071.0% during the 3rd quarter. UniSuper Management Pty Ltd now owns 52,695 shares of the railroad operator’s stock worth $10,730,000 after buying an additional 48,195 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Loop Capital downgraded Union Pacific from a “buy” rating to a “hold” rating and decreased their price objective for the company from $276.00 to $238.00 in a report on Monday. Morgan Stanley lifted their price objective on Union Pacific from $198.00 to $210.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Susquehanna lifted their price objective on Union Pacific from $255.00 to $270.00 and gave the company a “neutral” rating in a report on Friday, April 26th. Benchmark lifted 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, Jefferies Financial Group assumed coverage on Union Pacific in a report on Monday, April 8th. They issued a “hold” rating and a $250.00 price objective for the company. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Union Pacific has an average rating of “Moderate Buy” and an average price target of $259.75.

Union Pacific Price Performance

Shares of UNP stock opened at $222.58 on Wednesday. Union Pacific Co. has a fifty-two week low of $199.06 and a fifty-two week high of $258.66. The firm has a market capitalization of $135.80 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 1.81 and a beta of 1.05. 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 stock’s 50-day simple moving average is $234.63 and its 200-day simple moving average is $240.77.

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. The business had revenue of $6.03 billion for the quarter, compared to analyst estimates 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 was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.67 earnings per share. As a group, equities analysts forecast that Union Pacific Co. will post 11.25 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be given a $1.30 dividend. The ex-dividend date is Friday, May 31st. This represents a $5.20 dividend on an annualized basis and a yield of 2.34%. Union Pacific’s dividend payout ratio is currently 49.62%.

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.