CX Institutional Purchases 16,905 Shares of Union Pacific Co. (NYSE:UNP)

CX Institutional lifted its stake in shares of Union Pacific Co. (NYSE:UNP) by 41.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 57,801 shares of the railroad operator’s stock after purchasing an additional 16,905 shares during the quarter. CX Institutional’s holdings in Union Pacific were worth $13,655,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. MV Capital Management Inc. raised its stake in shares of Union Pacific by 79.5% during the first quarter. MV Capital Management Inc. now owns 921 shares of the railroad operator’s stock worth $218,000 after acquiring an additional 408 shares in the last quarter. Central Valley Advisors LLC raised its stake in Union Pacific by 2.2% in the first quarter. Central Valley Advisors LLC now owns 9,318 shares of the railroad operator’s stock worth $2,202,000 after buying an additional 205 shares in the last quarter. Curated Wealth Partners LLC boosted its position in shares of Union Pacific by 2.8% during the first quarter. Curated Wealth Partners LLC now owns 4,388 shares of the railroad operator’s stock valued at $1,037,000 after purchasing an additional 119 shares in the last quarter. Dividend Assets Capital LLC grew its position in shares of Union Pacific by 8.7% in the 1st quarter. Dividend Assets Capital LLC now owns 41,164 shares of the railroad operator’s stock worth $9,725,000 after buying an additional 3,290 shares during the period. Finally, Parsons Capital Management Inc. RI raised its stake in Union Pacific by 3.1% during the first quarter. Parsons Capital Management Inc. RI now owns 10,357 shares of the railroad operator’s stock valued at $2,447,000 after buying an additional 307 shares during the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Stock Up 1.1%

Union Pacific stock opened at $226.51 on Wednesday. Union Pacific Co. has a fifty-two week low of $204.66 and a fifty-two week high of $258.07. The company has a market cap of $135.34 billion, a PE ratio of 20.42, a PEG ratio of 2.15 and a beta of 1.05. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.77. The business’s 50-day simple moving average is $220.02 and its two-hundred day simple moving average is $232.01.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, April 24th. The railroad operator reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.73 by ($0.03). Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. The business had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.11 billion. During the same quarter in the prior year, the firm earned $2.69 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. Equities analysts anticipate that Union Pacific Co. will post 11.99 EPS for the current year.

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be issued a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Friday, May 30th. Union Pacific’s payout ratio is 48.29%.

Wall Street Analyst Weigh In

A number of research firms have commented on UNP. Argus raised shares of Union Pacific to a “strong-buy” rating in a research report on Friday, May 16th. Stephens dropped their price target on Union Pacific from $275.00 to $255.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. Susquehanna decreased their price objective on Union Pacific from $255.00 to $245.00 and set a “neutral” rating on the stock in a report on Friday, April 25th. Jefferies Financial Group dropped their target price on Union Pacific from $255.00 to $230.00 and set a “hold” rating for the company in a report on Wednesday, April 9th. Finally, Wells Fargo & Company cut their target price on Union Pacific from $265.00 to $260.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Union Pacific presently has a consensus rating of “Moderate Buy” and an average price target of $257.74.

Union Pacific Company 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.