Hohimer Wealth Management LLC Buys 10,453 Shares of Union Pacific Corporation $UNP

Hohimer Wealth Management LLC grew its stake in shares of Union Pacific Corporation (NYSE:UNP) by 618.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,144 shares of the railroad operator’s stock after acquiring an additional 10,453 shares during the quarter. Hohimer Wealth Management LLC’s holdings in Union Pacific were worth $2,870,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Howard Capital Management Group LLC boosted its holdings in Union Pacific by 2.0% in the third quarter. Howard Capital Management Group LLC now owns 2,252 shares of the railroad operator’s stock worth $532,000 after purchasing an additional 45 shares during the last quarter. Prestige Wealth Management Group LLC raised its stake in Union Pacific by 1.4% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 3,186 shares of the railroad operator’s stock valued at $753,000 after buying an additional 45 shares during the last quarter. Hanson & Doremus Investment Management raised its stake in Union Pacific by 2.5% during the 3rd quarter. Hanson & Doremus Investment Management now owns 1,880 shares of the railroad operator’s stock valued at $444,000 after buying an additional 46 shares during the last quarter. Silver Oak Securities Incorporated lifted its holdings in shares of Union Pacific by 4.5% during the 3rd quarter. Silver Oak Securities Incorporated now owns 1,065 shares of the railroad operator’s stock valued at $252,000 after buying an additional 46 shares during the period. Finally, CFO4Life Group LLC boosted its stake in shares of Union Pacific by 1.2% in the 3rd quarter. CFO4Life Group LLC now owns 3,754 shares of the railroad operator’s stock worth $887,000 after buying an additional 46 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on UNP. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a report on Tuesday, January 27th. JPMorgan Chase & Co. cut their price target on Union Pacific from $270.00 to $265.00 and set a “neutral” rating for the company in a research note on Wednesday, January 28th. BMO Capital Markets reaffirmed a “market perform” rating and set a $295.00 price target on shares of Union Pacific in a research report on Thursday, February 19th. Barclays reiterated an “overweight” rating and issued a $285.00 price objective (up from $270.00) on shares of Union Pacific in a research note on Tuesday, December 16th. Finally, Susquehanna restated a “buy” rating on shares of Union Pacific in a research report on Monday, January 19th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $260.14.

Union Pacific Price Performance

Shares of NYSE:UNP opened at $265.25 on Friday. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.91 and a quick ratio of 0.75. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $267.88. The company has a market capitalization of $157.40 billion, a P/E ratio of 22.16, a P/E/G ratio of 2.88 and a beta of 0.98. The firm’s 50 day simple moving average is $241.47 and its two-hundred day simple moving average is $231.17.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.06). The firm had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.15 billion. Union Pacific had a return on equity of 40.89% and a net margin of 29.12%.The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.91 earnings per share. Research analysts expect that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be issued a $1.38 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.52 annualized dividend and a yield of 2.1%. Union Pacific’s dividend payout ratio is currently 46.12%.

Union Pacific Company Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.