TrinityPoint Wealth LLC Raises Stake in Union Pacific Co. (NYSE:UNP)

TrinityPoint Wealth LLC boosted its position in Union Pacific Co. (NYSE:UNP) by 2.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 5,262 shares of the railroad operator’s stock after purchasing an additional 117 shares during the period. TrinityPoint Wealth LLC’s holdings in Union Pacific were worth $1,200,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of Union Pacific by 12.6% during the fourth quarter. Geode Capital Management LLC now owns 14,430,581 shares of the railroad operator’s stock valued at $3,282,305,000 after purchasing an additional 1,616,895 shares during the period. Capital Research Global Investors boosted its stake in shares of Union Pacific by 14.3% during the fourth quarter. Capital Research Global Investors now owns 10,395,364 shares of the railroad operator’s stock valued at $2,370,559,000 after purchasing an additional 1,298,178 shares during the period. Norges Bank purchased a new stake in shares of Union Pacific during the fourth quarter valued at approximately $1,927,377,000. Franklin Resources Inc. lifted its stake in Union Pacific by 5.0% in the fourth quarter. Franklin Resources Inc. now owns 7,686,387 shares of the railroad operator’s stock worth $1,752,804,000 after acquiring an additional 363,937 shares during the period. Finally, Northern Trust Corp lifted its stake in Union Pacific by 15.2% in the fourth quarter. Northern Trust Corp now owns 6,962,650 shares of the railroad operator’s stock worth $1,587,763,000 after acquiring an additional 920,414 shares during the period. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on UNP. Raymond James reaffirmed a “strong-buy” rating on shares of Union Pacific in a research note on Friday, April 25th. Barclays dropped their price target on Union Pacific from $285.00 to $260.00 and set an “overweight” rating for the company in a research note on Friday, April 25th. Robert W. Baird raised their price target on Union Pacific from $260.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft assumed coverage on Union Pacific in a report on Friday, March 7th. They issued a “buy” rating and a $295.00 price objective for the company. Finally, Bank of America increased their price objective on Union Pacific from $256.00 to $262.00 and gave the stock a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $257.50.

Union Pacific Trading Up 0.2%

Union Pacific stock opened at $231.35 on Friday. The business has a 50-day simple moving average of $224.16 and a two-hundred day simple moving average of $233.68. The company has a market cap of $138.22 billion, a P/E ratio of 20.86, a P/E/G ratio of 2.15 and a beta of 1.07. Union Pacific Co. has a 52-week low of $204.66 and a 52-week high of $258.07. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 1.76.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, April 24th. The railroad operator reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.73 by ($0.03). The firm had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.11 billion. Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.69 earnings per share. Analysts predict that Union Pacific Co. will post 11.99 EPS for the current year.

Union Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be paid a dividend of $1.34 per share. The ex-dividend date is Friday, May 30th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.32%. Union Pacific’s dividend payout ratio (DPR) is presently 48.29%.

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.