Centric Wealth Management Has $2.08 Million Stock Position in Union Pacific Co. (NYSE:UNP)

Centric Wealth Management grew its position in Union Pacific Co. (NYSE:UNP) by 6.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,442 shares of the railroad operator’s stock after buying an additional 524 shares during the quarter. Centric Wealth Management’s holdings in Union Pacific were worth $2,082,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Silver Oak Advisory Group Inc. acquired a new stake in shares of Union Pacific during the fourth quarter worth approximately $219,000. Personal CFO Solutions LLC boosted its holdings in shares of Union Pacific by 39.3% during the third quarter. Personal CFO Solutions LLC now owns 1,407 shares of the railroad operator’s stock worth $287,000 after purchasing an additional 397 shares during the period. Silver Oak Securities Incorporated bought a new position in Union Pacific during the fourth quarter valued at approximately $238,000. Nordea Investment Management AB raised its position 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 acquiring an additional 28,052 shares in the last quarter. Finally, Procyon Advisors LLC raised its position in Union Pacific by 48.3% during the fourth quarter. Procyon Advisors LLC now owns 18,512 shares of the railroad operator’s stock valued at $4,547,000 after acquiring an additional 6,031 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on UNP. Jefferies Financial Group began coverage on shares of Union Pacific in a research report on Monday, April 8th. They set a “hold” rating and a $250.00 price objective on the stock. Stifel Nicolaus raised shares of Union Pacific from a “hold” rating to a “buy” rating and raised their price objective for the company from $248.00 to $267.00 in a research report on Friday, May 3rd. UBS Group raised their price objective on shares of Union Pacific from $235.00 to $248.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. JPMorgan Chase & Co. lifted their price target on shares of Union Pacific from $237.00 to $243.00 and gave the company a “neutral” rating in a research report on Tuesday, April 9th. Finally, BMO Capital Markets lifted their price target on shares of Union Pacific from $270.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Six research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Union Pacific has a consensus rating of “Moderate Buy” and an average price target of $259.61.

Union Pacific Price Performance

UNP traded up $3.44 during midday trading on Wednesday, reaching $245.82. 990,061 shares of the company’s stock were exchanged, compared to its average volume of 2,278,431. The company has a quick ratio of 0.76, a current ratio of 0.93 and a debt-to-equity ratio of 1.99. The business has a 50-day simple moving average of $242.47 and a two-hundred day simple moving average of $236.79. The firm has a market capitalization of $149.98 billion, a price-to-earnings ratio of 23.38, a price-to-earnings-growth ratio of 2.55 and a beta of 1.06. Union Pacific Co. has a one year low of $190.71 and a one year high of $258.66.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, April 25th. The railroad operator reported $2.69 EPS for the quarter, topping the consensus estimate of $2.50 by $0.19. Union Pacific had a return on equity of 44.34% and a net margin of 26.52%. The business had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $5.97 billion. During the same quarter last year, the company earned $2.67 EPS. Union Pacific’s revenue was down .4% on a year-over-year basis. As a group, research analysts predict that Union Pacific Co. will post 11.21 EPS for the current year.

Union Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 29th were paid a $1.30 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $5.20 annualized dividend and a dividend yield of 2.12%. Union Pacific’s dividend payout ratio is presently 49.62%.

Insider Buying and Selling

In other Union Pacific news, President Elizabeth F. Whited sold 3,750 shares of Union Pacific stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $250.00, for a total value of $937,500.00. Following the completion of the transaction, the president now owns 56,682 shares in the company, valued at approximately $14,170,500. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.26% of the stock is currently owned by corporate insiders.

Union Pacific 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.