Provence Wealth Management Group Purchases 320 Shares of Union Pacific Co. (NYSE:UNP)

Provence Wealth Management Group grew its position in shares of Union Pacific Co. (NYSE:UNP) by 16.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,294 shares of the railroad operator’s stock after buying an additional 320 shares during the quarter. Provence Wealth Management Group’s holdings in Union Pacific were worth $563,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Silver Oak Advisory Group Inc. acquired a new stake in shares of Union Pacific in the fourth quarter valued at $219,000. Personal CFO Solutions LLC increased its position in Union Pacific by 39.3% in the 3rd quarter. Personal CFO Solutions LLC now owns 1,407 shares of the railroad operator’s stock valued at $287,000 after acquiring an additional 397 shares in the last quarter. Silver Oak Securities Incorporated bought a new position in shares of Union Pacific in the fourth quarter worth about $238,000. Nordea Investment Management AB lifted its position in shares of Union Pacific by 46.9% during the fourth quarter. Nordea Investment Management AB now owns 87,905 shares of the railroad operator’s stock worth $21,596,000 after purchasing an additional 28,052 shares in the last quarter. Finally, Procyon Advisors LLC grew its stake 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 valued at $4,547,000 after purchasing an additional 6,031 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on UNP shares. TD Cowen boosted their price objective on shares of Union Pacific from $252.00 to $258.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Susquehanna boosted their target price on Union Pacific from $255.00 to $270.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. The Goldman Sachs Group upped their price target on Union Pacific from $248.00 to $274.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Raymond James reiterated a “strong-buy” rating and issued a $280.00 price objective (up from $275.00) on shares of Union Pacific in a research report on Friday, April 26th. Finally, Benchmark increased their price objective on shares of Union Pacific from $260.00 to $266.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Six equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $259.61.

Union Pacific Stock Up 1.1 %

UNP stock traded up $2.67 during mid-day trading on Friday, hitting $240.36. 2,174,714 shares of the company were exchanged, compared to its average volume of 2,177,795. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.76 and a current ratio of 0.93. Union Pacific Co. has a 1-year low of $190.71 and a 1-year high of $258.66. The firm’s 50 day simple moving average is $242.95 and its 200 day simple moving average is $235.98. The firm has a market cap of $146.65 billion, a P/E ratio of 22.94, a P/E/G ratio of 2.55 and a beta of 1.06.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, April 25th. The railroad operator reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.50 by $0.19. The business had revenue of $6.03 billion for the quarter, compared to analyst estimates of $5.97 billion. Union Pacific had a net margin of 26.52% and a return on equity of 44.34%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the business posted $2.67 earnings per share. On average, sell-side analysts predict that Union Pacific Co. will post 11.21 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 29th were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $5.20 annualized dividend and a dividend yield of 2.16%. Union Pacific’s dividend payout ratio is currently 49.62%.

Insider Buying and Selling

In other Union Pacific news, President Elizabeth F. Whited sold 3,750 shares of the business’s stock in a transaction that occurred 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 sale, the president now owns 56,682 shares in the company, valued at approximately $14,170,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.28% of the stock is 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.