BigSur Wealth Management LLC Reduces Holdings in Union Pacific Co. (NYSE:UNP)

BigSur Wealth Management LLC cut its stake in shares of Union Pacific Co. (NYSE:UNP) by 2.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,002 shares of the railroad operator’s stock after selling 61 shares during the quarter. BigSur Wealth Management LLC’s holdings in Union Pacific were worth $709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Union Pacific during the fourth quarter valued at approximately $1,927,377,000. Raymond James Financial Inc. bought a new position in shares of Union Pacific during the fourth quarter valued at approximately $1,035,905,000. GAMMA Investing LLC raised its holdings in shares of Union Pacific by 27,502.8% during the first quarter. GAMMA Investing LLC now owns 2,491,151 shares of the railroad operator’s stock valued at $588,510,000 after acquiring an additional 2,482,126 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Union Pacific by 12.6% during the fourth quarter. Geode Capital Management LLC now owns 14,430,581 shares of the railroad operator’s stock valued at $3,282,305,000 after acquiring an additional 1,616,895 shares in the last quarter. Finally, Capital Research Global Investors raised its holdings in shares of Union Pacific by 14.3% during the fourth quarter. Capital Research Global Investors now owns 10,395,364 shares of the railroad operator’s stock valued at $2,370,559,000 after acquiring an additional 1,298,178 shares in the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Stock Down 1.0%

UNP stock opened at $223.17 on Friday. Union Pacific Co. has a twelve month low of $204.66 and a twelve month high of $258.07. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 1.76. The stock has a market cap of $133.34 billion, a P/E ratio of 20.12, a PEG ratio of 2.15 and a beta of 1.05. The business’s 50-day moving average price is $220.90 and its 200-day moving average price is $231.64.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, April 24th. The railroad operator reported $2.70 earnings per share 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 company had revenue of $6.03 billion for the quarter, compared to analysts’ expectations of $6.11 billion. During the same period in the previous year, the firm earned $2.69 earnings per share. The firm’s quarterly revenue was down .1% on a year-over-year basis. On average, equities research analysts forecast that Union Pacific Co. will post 11.99 EPS for the current year.

Union Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be given a dividend of $1.34 per share. The ex-dividend date is Friday, May 30th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.40%. Union Pacific’s payout ratio is currently 48.29%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on UNP. Argus upgraded Union Pacific to a “strong-buy” rating in a report on Friday, May 16th. Stifel Nicolaus reduced their price target on Union Pacific from $270.00 to $248.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Citigroup raised Union Pacific from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $260.00 to $244.00 in a research note on Tuesday, April 8th. Stephens reduced their price target on Union Pacific from $275.00 to $255.00 and set an “overweight” rating on the stock in a research note on Monday, April 28th. Finally, Wells Fargo & Company reduced their price target 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 investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $257.74.

About Union Pacific

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.