Resonant Capital Advisors LLC Buys 110 Shares of Union Pacific Corporation (NYSE:UNP)

Resonant Capital Advisors LLC grew its stake in shares of Union Pacific Corporation (NYSE:UNP) by 5.7% during the first quarter, Holdings Channel reports. The institutional investor owned 2,041 shares of the railroad operator’s stock after buying an additional 110 shares during the period. Resonant Capital Advisors LLC’s holdings in Union Pacific were worth $482,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. First Horizon Advisors Inc. lifted its holdings in Union Pacific by 6.2% during the first quarter. First Horizon Advisors Inc. now owns 88,771 shares of the railroad operator’s stock valued at $20,972,000 after purchasing an additional 5,213 shares in the last quarter. R.H. Investment Group LLC increased its stake in shares of Union Pacific by 1.2% in the first quarter. R.H. Investment Group LLC now owns 16,925 shares of the railroad operator’s stock worth $3,998,000 after purchasing an additional 205 shares in the last quarter. Private Trust Co. NA raised its position in shares of Union Pacific by 5.4% during the 1st quarter. Private Trust Co. NA now owns 16,405 shares of the railroad operator’s stock valued at $3,876,000 after purchasing an additional 844 shares during the period. Pinnacle Financial Partners Inc lifted its stake in shares of Union Pacific by 0.5% during the 1st quarter. Pinnacle Financial Partners Inc now owns 248,695 shares of the railroad operator’s stock valued at $57,736,000 after buying an additional 1,236 shares in the last quarter. Finally, Miller Howard Investments Inc. NY boosted its holdings in Union Pacific by 6.0% in the 1st quarter. Miller Howard Investments Inc. NY now owns 25,536 shares of the railroad operator’s stock worth $6,033,000 after buying an additional 1,451 shares during the period. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Trading Down 0.3%

UNP opened at $236.45 on Friday. The stock has a 50-day moving average of $223.53 and a 200 day moving average of $230.75. The company has a current ratio of 0.73, a quick ratio of 0.61 and a debt-to-equity ratio of 1.91. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $258.07. The firm has a market cap of $141.27 billion, a P/E ratio of 21.30, a P/E/G ratio of 2.38 and a beta of 1.05.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, April 24th. The railroad operator reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.73 by ($0.03). The company had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.11 billion. Union Pacific had a net margin of 27.76% and a return on equity of 40.80%. Union Pacific’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the business earned $2.69 earnings per share. As a group, research analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, May 30th were paid a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 2.27%. The ex-dividend date was Friday, May 30th. Union Pacific’s payout ratio is 48.29%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. The Goldman Sachs Group reissued a “neutral” rating and set a $263.00 price target on shares of Union Pacific in a report on Monday, June 2nd. Robert W. Baird started coverage on Union Pacific in a research note on Tuesday. They set a “neutral” rating and a $231.00 target price on the stock. Deutsche Bank Aktiengesellschaft started coverage on Union Pacific in a report on Friday, March 7th. They issued a “buy” rating and a $295.00 price target on the stock. Bank of America increased their price objective on shares of Union Pacific from $256.00 to $262.00 and gave the company a “buy” rating in a report on Friday, May 16th. Finally, Redburn Atlantic raised shares of Union Pacific from a “neutral” rating to a “buy” rating and set a $259.00 target price on the stock in a report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Union Pacific presently has an average rating of “Moderate Buy” and a consensus target price of $256.91.

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.