Elmwood Wealth Management Inc. Has $1.35 Million Stake in Union Pacific Co. (NYSE:UNP)

Elmwood Wealth Management Inc. boosted its holdings in Union Pacific Co. (NYSE:UNP) by 1.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,473 shares of the railroad operator’s stock after purchasing an additional 62 shares during the quarter. Elmwood Wealth Management Inc.’s holdings in Union Pacific were worth $1,349,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Forum Financial Management LP grew its holdings in shares of Union Pacific by 0.6% in the first quarter. Forum Financial Management LP now owns 7,037 shares of the railroad operator’s stock worth $1,731,000 after acquiring an additional 41 shares during the period. Fairhaven Wealth Management LLC grew its stake in shares of Union Pacific by 1.7% during the 2nd quarter. Fairhaven Wealth Management LLC now owns 2,581 shares of the railroad operator’s stock valued at $584,000 after purchasing an additional 43 shares during the period. Chesapeake Wealth Management increased its position in shares of Union Pacific by 0.5% during the 2nd quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator’s stock valued at $1,856,000 after purchasing an additional 43 shares during the last quarter. Elevated Capital Advisors LLC lifted its stake in shares of Union Pacific by 3.6% in the 1st quarter. Elevated Capital Advisors LLC now owns 1,269 shares of the railroad operator’s stock worth $312,000 after purchasing an additional 44 shares during the period. Finally, Fortis Capital Advisors LLC boosted its holdings in shares of Union Pacific by 5.0% in the first quarter. Fortis Capital Advisors LLC now owns 916 shares of the railroad operator’s stock worth $225,000 after buying an additional 44 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on UNP. Evercore ISI downgraded shares of Union Pacific from an “outperform” rating to an “inline” rating and decreased their price target for the stock from $254.00 to $247.00 in a research report on Wednesday, September 25th. BMO Capital Markets lowered their target price on Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, September 20th. Royal Bank of Canada boosted their price target on Union Pacific from $275.00 to $288.00 and gave the company an “outperform” rating in a report on Monday, September 30th. TD Cowen decreased their price objective on Union Pacific from $259.00 to $255.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Finally, Daiwa America downgraded Union Pacific from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Nine investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $259.25.

Insiders Place Their Bets

In other news, President Elizabeth F. Whited sold 3,552 shares of Union Pacific stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total value of $875,887.68. Following the completion of the transaction, the president now owns 64,945 shares in the company, valued at approximately $16,014,787.55. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is currently owned by insiders.

Union Pacific Price Performance

Shares of UNP traded up $2.73 during mid-day trading on Monday, hitting $245.04. 325,957 shares of the stock were exchanged, compared to its average volume of 2,266,459. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 1.05. The company has a market cap of $149.28 billion, a PE ratio of 22.75, a price-to-earnings-growth ratio of 2.21 and a beta of 1.05. Union Pacific Co. has a 52-week low of $199.97 and a 52-week high of $258.66. The firm has a 50-day moving average of $245.67 and a two-hundred day moving average of $238.55.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.71 by $0.03. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The company had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $6.05 billion. During the same quarter in the prior year, the firm earned $2.57 earnings per share. Union Pacific’s revenue was up .7% on a year-over-year basis. On average, equities analysts predict that Union Pacific Co. will post 11.06 earnings per share for the current year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were given a $1.34 dividend. The ex-dividend date was Friday, August 30th. This represents a $5.36 annualized dividend and a yield of 2.19%. This is a positive change from Union Pacific’s previous quarterly dividend of $1.30. Union Pacific’s dividend payout ratio (DPR) is currently 50.33%.

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.