RKL Wealth Management LLC trimmed its position in Union Pacific Co. (NYSE:UNP) by 2.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,714 shares of the railroad operator’s stock after selling 726 shares during the quarter. Union Pacific accounts for approximately 1.0% of RKL Wealth Management LLC’s portfolio, making the stock its 25th largest holding. RKL Wealth Management LLC’s holdings in Union Pacific were worth $5,308,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Obermeyer Wood Investment Counsel Lllp grew its position in shares of Union Pacific by 1.7% in the 4th quarter. Obermeyer Wood Investment Counsel Lllp now owns 3,729 shares of the railroad operator’s stock worth $515,000 after acquiring an additional 61 shares in the last quarter. Hamilton Point Investment Advisors LLC boosted its holdings in shares of Union Pacific by 1.2% during the fourth quarter. Hamilton Point Investment Advisors LLC now owns 5,443 shares of the railroad operator’s stock valued at $752,000 after acquiring an additional 65 shares during the period. Weatherstone Capital Management boosted its holdings in shares of Union Pacific by 3.1% during the first quarter. Weatherstone Capital Management now owns 2,172 shares of the railroad operator’s stock valued at $363,000 after acquiring an additional 66 shares during the period. Howe & Rusling Inc. increased its holdings in shares of Union Pacific by 25.4% in the 4th quarter. Howe & Rusling Inc. now owns 346 shares of the railroad operator’s stock worth $48,000 after acquiring an additional 70 shares during the period. Finally, Cozad Asset Management Inc. lifted its position in Union Pacific by 1.2% in the 1st quarter. Cozad Asset Management Inc. now owns 5,853 shares of the railroad operator’s stock valued at $979,000 after purchasing an additional 70 shares during the last quarter. Institutional investors own 79.12% of the company’s stock.
In other news, EVP Robert M. Knight, Jr. sold 1,380 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $180.01, for a total value of $248,413.80. Following the sale, the executive vice president now directly owns 94,943 shares of the company’s stock, valued at $17,090,689.43. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Rhonda S. Ferguson sold 11,485 shares of Union Pacific stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $175.00, for a total value of $2,009,875.00. Following the sale, the executive vice president now directly owns 53,858 shares in the company, valued at $9,425,150. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,667 shares of company stock valued at $5,454,729. 9.96% of the stock is owned by corporate insiders.
UNP has been the topic of several analyst reports. Deutsche Bank set a $200.00 price target on shares of Union Pacific and gave the company a “buy” rating in a research note on Monday, April 22nd. ValuEngine raised Union Pacific from a “hold” rating to a “buy” rating in a report on Friday, April 19th. Citigroup increased their price objective on Union Pacific from $180.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Barclays lowered Union Pacific from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $190.00 to $170.00 in a report on Thursday. Finally, Stifel Nicolaus set a $170.00 price objective on Union Pacific and gave the stock a “hold” rating in a report on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $175.74.
Shares of UNP traded down $0.16 during mid-day trading on Friday, reaching $166.99. The company’s stock had a trading volume of 3,579,600 shares, compared to its average volume of 3,742,698. The firm has a market capitalization of $121.20 billion, a P/E ratio of 21.11, a PEG ratio of 1.89 and a beta of 1.09. Union Pacific Co. has a 1 year low of $128.08 and a 1 year high of $180.02. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 1.32.
Union Pacific (NYSE:UNP) last released its earnings results on Thursday, April 18th. The railroad operator reported $1.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.89 by $0.04. Union Pacific had a return on equity of 30.73% and a net margin of 26.59%. The company had revenue of $5.38 billion during the quarter, compared to analyst estimates of $5.51 billion. During the same quarter in the prior year, the company earned $1.68 earnings per share. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, analysts expect that Union Pacific Co. will post 9.07 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 2.11%. Union Pacific’s dividend payout ratio is 44.50%.
Union Pacific Company Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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