AE Wealth Management LLC Has $3.59 Million Position in Union Pacific Co. (NYSE:UNP)
AE Wealth Management LLC reduced its holdings in shares of Union Pacific Co. (NYSE:UNP) by 10.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,462 shares of the railroad operator’s stock after selling 2,904 shares during the period. AE Wealth Management LLC’s holdings in Union Pacific were worth $3,591,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of UNP. Wedge Capital Management L L P NC boosted its position in shares of Union Pacific by 6.9% during the 4th quarter. Wedge Capital Management L L P NC now owns 1,761 shares of the railroad operator’s stock valued at $318,000 after acquiring an additional 113 shares in the last quarter. We Are One Seven LLC boosted its position in shares of Union Pacific by 4.8% during the 4th quarter. We Are One Seven LLC now owns 1,970 shares of the railroad operator’s stock valued at $356,000 after acquiring an additional 91 shares in the last quarter. Comprehensive Portfolio Management LLC acquired a new stake in shares of Union Pacific during the 4th quarter valued at about $223,000. Welch & Forbes LLC boosted its position in Union Pacific by 6.3% in the fourth quarter. Welch & Forbes LLC now owns 29,537 shares of the railroad operator’s stock valued at $5,340,000 after buying an additional 1,744 shares in the last quarter. Finally, Manchester Financial Inc. acquired a new position in Union Pacific in the fourth quarter valued at about $41,000. Institutional investors and hedge funds own 80.00% of the company’s stock.
A number of equities analysts have commented on the stock. Raymond James reduced their price target on shares of Union Pacific from $212.00 to $185.00 and set a “strong-buy” rating on the stock in a research report on Friday, April 17th. JPMorgan Chase & Co. reduced their price target on shares of Union Pacific from $193.00 to $163.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Stephens boosted their price target on shares of Union Pacific from $167.00 to $176.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Royal Bank of Canada reduced their price target on shares of Union Pacific from $180.00 to $177.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. Finally, Benchmark reduced their price target on shares of Union Pacific from $206.00 to $165.00 and set a “buy” rating on the stock in a research report on Tuesday, March 31st. Twelve equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Union Pacific has an average rating of “Buy” and a consensus price target of $170.44.
UNP opened at $151.24 on Friday. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.82 and a quick ratio of 0.67. The company has a market cap of $102.63 billion, a price-to-earnings ratio of 17.57, a price-to-earnings-growth ratio of 2.05 and a beta of 1.07. The firm has a 50 day simple moving average of $149.20 and a 200 day simple moving average of $166.38. Union Pacific Co. has a fifty-two week low of $105.08 and a fifty-two week high of $188.96.
Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, April 23rd. The railroad operator reported $2.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.25. Union Pacific had a net margin of 27.85% and a return on equity of 34.15%. The business had revenue of $5.23 billion during the quarter, compared to the consensus estimate of $5.08 billion. During the same period in the previous year, the firm posted $1.93 earnings per share. Union Pacific’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, analysts expect that Union Pacific Co. will post 7.71 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend is Thursday, May 28th. Union Pacific’s payout ratio is presently 46.30%.
About Union Pacific
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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