Triangle Securities Wealth Management Has $542,000 Position in Union Pacific Corporation $UNP

Triangle Securities Wealth Management cut its position in shares of Union Pacific Corporation (NYSE:UNP) by 50.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,234 shares of the railroad operator’s stock after selling 2,290 shares during the quarter. Triangle Securities Wealth Management’s holdings in Union Pacific were worth $542,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tucker Asset Management LLC bought a new position in shares of Union Pacific during the 4th quarter worth approximately $25,000. SWAN Capital LLC lifted its position in shares of Union Pacific by 2,575.0% in the fourth quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock worth $25,000 after purchasing an additional 103 shares in the last quarter. Rachor Investment Advisory Services LLC bought a new stake in shares of Union Pacific in the fourth quarter worth $25,000. Caitlin John LLC acquired a new position in Union Pacific during the third quarter worth $27,000. Finally, Saranac Partners Ltd acquired a new position in Union Pacific during the third quarter worth $27,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Price Performance

NYSE:UNP opened at $267.61 on Friday. Union Pacific Corporation has a 1-year low of $210.84 and a 1-year high of $279.70. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.53. The firm has a fifty day simple moving average of $264.62 and a 200 day simple moving average of $250.68. The stock has a market capitalization of $158.88 billion, a PE ratio of 22.04, a P/E/G ratio of 2.76 and a beta of 0.97.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.07. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The business had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.12 billion. During the same period in the previous year, the company earned $2.70 earnings per share. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, research analysts expect that Union Pacific Corporation will post 12.55 EPS for the current fiscal year.

Union Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, May 29th. Union Pacific’s dividend payout ratio (DPR) is 45.47%.

Insider Transactions at Union Pacific

In other news, CFO Jennifer L. Hamann sold 2,000 shares of the business’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $274.70, for a total transaction of $549,400.00. Following the transaction, the chief financial officer directly owned 114,642 shares in the company, valued at $31,492,157.40. The trade was a 1.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kenyatta G. Rocker sold 27,387 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $271.76, for a total transaction of $7,442,691.12. Following the completion of the sale, the executive vice president directly owned 61,102 shares in the company, valued at approximately $16,605,079.52. The trade was a 30.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 32,378 shares of company stock worth $8,781,595 in the last ninety days. Insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

UNP has been the topic of several recent research reports. Weiss Ratings lowered shares of Union Pacific from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. Susquehanna restated a “positive” rating and set a $305.00 price objective on shares of Union Pacific in a research note on Friday, June 5th. Citigroup restated a “buy” rating and set a $307.00 price objective (up from $285.00) on shares of Union Pacific in a research note on Friday, April 24th. Robert W. Baird set a $311.00 price objective on Union Pacific and gave the company an “outperform” rating in a report on Friday, March 6th. Finally, Raymond James Financial set a $310.00 target price on Union Pacific in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $283.11.

Union Pacific 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.