Silverlake Wealth Management LLC Acquires Shares of 842 Union Pacific Co. (NYSE:UNP)

Silverlake Wealth Management LLC acquired a new position in shares of Union Pacific Co. (NYSE:UNP) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 842 shares of the railroad operator’s stock, valued at approximately $207,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Silver Oak Advisory Group Inc. bought a new position in Union Pacific during the 4th quarter worth approximately $219,000. Allegheny Financial Group LTD lifted its stake in Union Pacific by 22.5% during the fourth quarter. Allegheny Financial Group LTD now owns 10,885 shares of the railroad operator’s stock worth $2,674,000 after purchasing an additional 2,000 shares during the last quarter. Silver Oak Securities Incorporated acquired a new position in Union Pacific in the fourth quarter worth $238,000. Nordea Investment Management AB increased its stake in Union Pacific by 46.9% during the fourth quarter. Nordea Investment Management AB now owns 87,905 shares of the railroad operator’s stock valued at $21,596,000 after purchasing an additional 28,052 shares during the last quarter. Finally, Procyon Advisors LLC raised its holdings in shares of Union Pacific by 48.3% during the fourth quarter. Procyon Advisors LLC now owns 18,512 shares of the railroad operator’s stock worth $4,547,000 after purchasing an additional 6,031 shares during the period. Institutional investors own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on UNP. Wells Fargo & Company initiated coverage on shares of Union Pacific in a research note on Friday, June 7th. They set an “overweight” rating and a $270.00 price objective on the stock. Morgan Stanley boosted their price objective on Union Pacific from $198.00 to $210.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. StockNews.com downgraded Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Raymond James reissued a “strong-buy” rating and set a $280.00 price target (up previously from $275.00) on shares of Union Pacific in a report on Friday, April 26th. Finally, TD Cowen lifted their price objective on shares of Union Pacific from $252.00 to $258.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Eight research 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $258.92.

Union Pacific Price Performance

Shares of Union Pacific stock opened at $225.50 on Wednesday. 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 company’s 50-day moving average price is $233.11 and its two-hundred day moving average price is $240.20. Union Pacific Co. has a 52 week low of $199.33 and a 52 week high of $258.66. The stock has a market cap of $137.58 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 1.92 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 for the quarter, topping analysts’ consensus estimates of $2.50 by $0.19. The firm had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $5.97 billion. Union Pacific had a net margin of 26.52% and a return on equity of 44.34%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the firm posted $2.67 earnings per share. As a group, sell-side analysts anticipate that Union Pacific Co. will post 11.22 EPS for the current fiscal year.

Union Pacific Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 31st were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend was Friday, May 31st. Union Pacific’s payout ratio is 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.