Union Pacific Co. (NYSE:UNP) Shares Sold by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC lessened its stake in shares of Union Pacific Co. (NYSE:UNP) by 3.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,396 shares of the railroad operator’s stock after selling 96 shares during the period. SeaCrest Wealth Management LLC’s holdings in Union Pacific were worth $589,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Desjardins Global Asset Management Inc. increased its stake in shares of Union Pacific by 1.4% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 3,000 shares of the railroad operator’s stock valued at $737,000 after acquiring an additional 41 shares in the last quarter. Twin Capital Management Inc. raised its stake in Union Pacific by 3.0% in the fourth quarter. Twin Capital Management Inc. now owns 1,394 shares of the railroad operator’s stock valued at $342,000 after purchasing an additional 41 shares in the last quarter. Sunburst Financial Group LLC raised its stake in shares of Union Pacific by 1.8% during the fourth quarter. Sunburst Financial Group LLC now owns 2,393 shares of the railroad operator’s stock worth $588,000 after acquiring an additional 42 shares in the last quarter. Mission Wealth Management LP grew its holdings in shares of Union Pacific by 0.5% in the fourth quarter. Mission Wealth Management LP now owns 7,838 shares of the railroad operator’s stock worth $1,925,000 after purchasing an additional 42 shares during the last quarter. Finally, Berkeley Capital Partners LLC boosted its holdings in Union Pacific by 1.0% in the fourth quarter. Berkeley Capital Partners LLC now owns 4,100 shares of the railroad operator’s stock valued at $1,007,000 after acquiring an additional 42 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on UNP. Susquehanna cut their price objective on Union Pacific from $270.00 to $250.00 and set a “neutral” rating for the company in a research note on Tuesday, June 25th. Raymond James restated a “strong-buy” rating and issued a $280.00 price objective (up from $275.00) on shares of Union Pacific in a research note on Friday, April 26th. Benchmark lifted their price target on Union Pacific from $260.00 to $266.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Wells Fargo & Company assumed coverage on Union Pacific in a report on Friday, June 7th. They issued an “overweight” rating and a $270.00 price objective on the stock. Finally, Stifel Nicolaus raised Union Pacific from a “hold” rating to a “buy” rating and lifted their price target for the stock from $248.00 to $267.00 in a research note on Friday, May 3rd. Eight investment 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 company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $258.92.

Union Pacific Price Performance

Shares of NYSE:UNP opened at $225.50 on Wednesday. The company’s 50-day moving average is $233.11 and its 200 day moving average is $240.20. 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 company has a market capitalization of $137.58 billion, a P/E ratio of 21.52, a price-to-earnings-growth ratio of 1.92 and a beta of 1.07. Union Pacific Co. has a fifty-two week low of $199.33 and a fifty-two week high of $258.66.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, April 25th. The railroad operator reported $2.69 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $5.97 billion. During the same quarter in the previous year, the business posted $2.67 earnings per share. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. On average, equities research analysts forecast that Union Pacific Co. will post 11.22 earnings per share for the current year.

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 31st were given 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 presently 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.