Union Pacific Co. (NYSE:UNP) Stake Increased by Procyon Advisors LLC

Procyon Advisors LLC grew its holdings in Union Pacific Co. (NYSE:UNP) by 4.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,371 shares of the railroad operator’s stock after purchasing an additional 859 shares during the period. Procyon Advisors LLC’s holdings in Union Pacific were worth $4,764,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Wealthcare Advisory Partners LLC increased its position in Union Pacific by 55.2% during the first quarter. Wealthcare Advisory Partners LLC now owns 3,366 shares of the railroad operator’s stock worth $828,000 after buying an additional 1,197 shares during the last quarter. Revolve Wealth Partners LLC increased its position in Union Pacific by 5.6% during the first quarter. Revolve Wealth Partners LLC now owns 1,002 shares of the railroad operator’s stock worth $246,000 after buying an additional 53 shares during the last quarter. Matrix Asset Advisors Inc. NY increased its position in Union Pacific by 0.3% during the first quarter. Matrix Asset Advisors Inc. NY now owns 59,115 shares of the railroad operator’s stock worth $14,538,000 after buying an additional 206 shares during the last quarter. St. Johns Investment Management Company LLC increased its position in Union Pacific by 5.2% during the first quarter. St. Johns Investment Management Company LLC now owns 2,365 shares of the railroad operator’s stock worth $582,000 after buying an additional 117 shares during the last quarter. Finally, Sovereign Financial Group Inc. acquired a new position in Union Pacific during the first quarter worth $226,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Price Performance

Shares of Union Pacific stock traded down $0.14 during midday trading on Thursday, reaching $223.47. The company had a trading volume of 1,630,518 shares, compared to its average volume of 2,304,173. The company has a current ratio of 0.93, a quick ratio of 0.76 and a debt-to-equity ratio of 1.99. The company has a market capitalization of $136.34 billion, a price-to-earnings ratio of 21.45, a price-to-earnings-growth ratio of 1.82 and a beta of 1.05. The stock has a fifty day simple moving average of $233.55 and a 200 day simple moving average of $240.40. Union Pacific Co. has a 1-year low of $199.33 and a 1-year high of $258.66.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, April 25th. The railroad operator reported $2.69 earnings per share for the quarter, beating analysts’ consensus estimates of $2.50 by $0.19. Union Pacific had a net margin of 26.52% and a return on equity of 44.34%. The business had revenue of $6.03 billion during the quarter, compared to analyst estimates of $5.97 billion. During the same quarter last year, the business posted $2.67 earnings per share. Union Pacific’s revenue for the quarter was down .4% compared to the same quarter last year. As a group, equities research analysts forecast that Union Pacific Co. will post 11.25 earnings per share for the current year.

Union Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Friday, May 31st. Union Pacific’s dividend payout ratio is presently 49.62%.

Analyst Upgrades and Downgrades

UNP has been the topic of several analyst reports. Loop Capital downgraded shares of Union Pacific from a “buy” rating to a “hold” rating and lowered their target price for the stock from $276.00 to $238.00 in a research report on Monday, June 17th. TD Cowen raised their price target on Union Pacific from $252.00 to $258.00 and gave the company a “buy” rating in a research report on Friday, April 26th. The Goldman Sachs Group raised their price target on Union Pacific from $248.00 to $274.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Benchmark raised their price target on Union Pacific from $260.00 to $266.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Finally, Wells Fargo & Company initiated coverage on Union Pacific in a research report on Friday, June 7th. They issued an “overweight” rating and a $270.00 price target on the stock. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $258.92.

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.