Union Pacific Corporation (UNP) Shares Bought by Brightworth
Brightworth boosted its stake in Union Pacific Corporation (NYSE:UNP) by 6.5% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 2,744 shares of the railroad operator’s stock after buying an additional 168 shares during the period. Union Pacific Corporation makes up approximately 0.2% of Brightworth’s holdings, making the stock its 24th largest position. Brightworth’s holdings in Union Pacific Corporation were worth $291,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in Union Pacific Corporation during the fourth quarter valued at approximately $116,000. Cable Hill Partners LLC raised its position in Union Pacific Corporation by 6.1% in the first quarter. Cable Hill Partners LLC now owns 1,130 shares of the railroad operator’s stock valued at $119,000 after buying an additional 65 shares in the last quarter. Northwest Quadrant Wealth Management LLC acquired a new position in Union Pacific Corporation during the fourth quarter valued at approximately $135,000. Massey Quick & Co. LLC purchased a new stake in shares of Union Pacific Corporation during the fourth quarter worth about $137,000. Finally, American National Bank raised its stake in shares of Union Pacific Corporation by 757.5% in the first quarter. American National Bank now owns 1,432 shares of the railroad operator’s stock worth $152,000 after buying an additional 1,265 shares during the period. Institutional investors and hedge funds own 79.22% of the company’s stock.
Shares of Union Pacific Corporation (NYSE:UNP) traded up 0.64% during mid-day trading on Friday, reaching $111.38. 4,136,318 shares of the company traded hands. The firm has a 50-day moving average price of $109.94 and a 200 day moving average price of $107.17. The firm has a market capitalization of $89.93 billion, a price-to-earnings ratio of 21.29 and a beta of 0.84. Union Pacific Corporation has a 52 week low of $81.96 and a 52 week high of $115.15.
Union Pacific Corporation (NYSE:UNP) last announced its earnings results on Thursday, April 27th. The railroad operator reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.09. Union Pacific Corporation had a net margin of 21.37% and a return on equity of 21.53%. The company had revenue of $5.13 billion for the quarter, compared to analysts’ expectations of $5.03 billion. During the same quarter in the previous year, the company posted $1.16 EPS. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. On average, analysts anticipate that Union Pacific Corporation will post $5.75 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Wednesday, May 31st will be paid a dividend of $0.605 per share. The ex-dividend date of this dividend is Friday, May 26th. This represents a $2.42 annualized dividend and a yield of 2.17%. Union Pacific Corporation’s dividend payout ratio (DPR) is presently 46.18%.
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A number of equities research analysts have issued reports on the stock. Wells Fargo & Company initiated coverage on shares of Union Pacific Corporation in a report on Monday, March 13th. They issued a “market perform” rating and a $115.00 price target on the stock. Cowen and Company lifted their target price on shares of Union Pacific Corporation from $109.00 to $117.00 and gave the company a “market perform” rating in a research note on Friday, April 28th. Citigroup Inc. reaffirmed a “buy” rating on shares of Union Pacific Corporation in a research note on Thursday, March 30th. BMO Capital Markets reissued a “buy” rating and set a $123.00 price target on shares of Union Pacific Corporation in a research report on Friday, June 2nd. Finally, Zacks Investment Research raised shares of Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 price target for the company in a research report on Tuesday, May 30th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $108.85.
Union Pacific Corporation Company Profile
Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.
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