Marks Group Wealth Management Inc boosted its position in shares of Union Pacific Co. (NYSE:UNP – Get Rating) by 5.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,906 shares of the railroad operator’s stock after buying an additional 1,455 shares during the quarter. Union Pacific makes up approximately 0.9% of Marks Group Wealth Management Inc’s holdings, making the stock its 20th largest holding. Marks Group Wealth Management Inc’s holdings in Union Pacific were worth $7,351,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of UNP. Ford Financial Group LLC increased its position in shares of Union Pacific by 2.5% during the first quarter. Ford Financial Group LLC now owns 1,704 shares of the railroad operator’s stock worth $465,000 after acquiring an additional 41 shares in the last quarter. Koshinski Asset Management Inc. boosted its holdings in Union Pacific by 0.5% during the first quarter. Koshinski Asset Management Inc. now owns 8,007 shares of the railroad operator’s stock worth $2,188,000 after purchasing an additional 41 shares during the last quarter. Sargent Investment Group LLC boosted its holdings in Union Pacific by 1.3% during the first quarter. Sargent Investment Group LLC now owns 3,432 shares of the railroad operator’s stock worth $938,000 after purchasing an additional 44 shares during the last quarter. Gilman Hill Asset Management LLC boosted its holdings in Union Pacific by 1.0% during the first quarter. Gilman Hill Asset Management LLC now owns 4,671 shares of the railroad operator’s stock worth $1,276,000 after purchasing an additional 45 shares during the last quarter. Finally, Montecito Bank & Trust boosted its holdings in Union Pacific by 0.4% during the first quarter. Montecito Bank & Trust now owns 10,227 shares of the railroad operator’s stock worth $2,794,000 after purchasing an additional 45 shares during the last quarter. Institutional investors and hedge funds own 80.26% of the company’s stock.
Analysts Set New Price Targets
Several research firms recently weighed in on UNP. Cowen cut their price target on shares of Union Pacific to $261.00 in a report on Friday, July 22nd. Susquehanna cut shares of Union Pacific from a “positive” rating to a “neutral” rating and set a $235.00 price target on the stock. in a report on Wednesday, July 6th. They noted that the move was a valuation call. Evercore ISI dropped their target price on shares of Union Pacific from $245.00 to $236.00 and set an “in-line” rating on the stock in a research note on Tuesday, July 12th. Raymond James dropped their target price on shares of Union Pacific from $285.00 to $250.00 and set a “strong-buy” rating on the stock in a research note on Friday, July 8th. Finally, Susquehanna Bancshares boosted their target price on shares of Union Pacific from $235.00 to $240.00 and gave the company a “neutral” rating in a research note on Friday, July 22nd. Eleven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $248.36.
Union Pacific Price Performance
Union Pacific (NYSE:UNP – Get Rating) last issued its quarterly earnings results on Thursday, July 21st. The railroad operator reported $2.93 EPS for the quarter, hitting analysts’ consensus estimates of $2.93. The firm had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.11 billion. Union Pacific had a net margin of 29.23% and a return on equity of 52.00%. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.72 EPS. On average, sell-side analysts forecast that Union Pacific Co. will post 11.58 EPS for the current year.
Union Pacific Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Wednesday, August 31st will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Tuesday, August 30th. Union Pacific’s dividend payout ratio is currently 48.46%.
About Union Pacific
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, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.
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