Steelhead Wealth Management LLC Acquires Shares of 1,852 Union Pacific Corporation $UNP

Steelhead Wealth Management LLC bought a new stake in Union Pacific Corporation (NYSE:UNP) during the 1st quarter, Holdings Channel reports. The firm bought 1,852 shares of the railroad operator’s stock, valued at approximately $449,000.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Union Pacific by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 59,329,262 shares of the railroad operator’s stock worth $13,724,045,000 after purchasing an additional 659,378 shares during the period. State Street Corp increased its stake in Union Pacific by 4.3% in the 4th quarter. State Street Corp now owns 26,330,080 shares of the railroad operator’s stock valued at $6,090,674,000 after buying an additional 1,082,285 shares during the period. Capital World Investors raised its position in Union Pacific by 92.1% during the 4th quarter. Capital World Investors now owns 20,136,349 shares of the railroad operator’s stock worth $4,658,142,000 after buying an additional 9,655,306 shares during the last quarter. Geode Capital Management LLC raised its position in Union Pacific by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 15,360,668 shares of the railroad operator’s stock worth $3,552,550,000 after buying an additional 296,814 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Union Pacific by 16.8% in the 1st quarter. Bank of America Corp DE now owns 14,463,071 shares of the railroad operator’s stock worth $3,509,030,000 after acquiring an additional 2,084,808 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Eric J. Gehringer sold 2,991 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total value of $789,504.36. Following the completion of the transaction, the executive vice president owned 43,012 shares in the company, valued at $11,353,447.52. This trade represents a 6.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

UNP has been the topic of a number of recent analyst reports. Benchmark boosted their price target on shares of Union Pacific from $325.00 to $335.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Evercore reaffirmed an “outperform” rating and issued a $294.00 price objective on shares of Union Pacific in a report on Thursday, June 25th. Stephens raised Union Pacific to a “strong-buy” rating in a research note on Wednesday, July 8th. Citigroup raised their price target on Union Pacific from $326.00 to $349.00 and gave the company a “buy” rating in a report on Friday, July 24th. Finally, The Goldman Sachs Group set a $317.00 price target on Union Pacific and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $320.89.

Union Pacific Trading Down 0.1%

Shares of UNP opened at $291.83 on Monday. Union Pacific Corporation has a twelve month low of $210.84 and a twelve month high of $315.99. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $173.37 billion, a P/E ratio of 23.63, a PEG ratio of 2.99 and a beta of 0.96. The firm’s 50-day moving average is $277.60 and its two-hundred day moving average is $260.77.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.26 by $0.15. The company had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.72 billion. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period last year, the firm earned $3.03 EPS. On average, research analysts predict that Union Pacific Corporation will post 12.9 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.9%. This is a positive change from Union Pacific’s previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Monday, August 31st. Union Pacific’s dividend payout ratio is currently 44.70%.

About Union Pacific

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.