United Asset Strategies Inc. Acquires New Position in Union Pacific Co. (NYSE:UNP)

United Asset Strategies Inc. acquired a new position in Union Pacific Co. (NYSE:UNP) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,115 shares of the railroad operator’s stock, valued at approximately $354,000.

Other hedge funds also recently modified their holdings of the company. Perennial Advisors LLC lifted its holdings in shares of Union Pacific by 1.9% in the 4th quarter. Perennial Advisors LLC now owns 22,220 shares of the railroad operator’s stock valued at $3,071,000 after acquiring an additional 424 shares during the last quarter. Advisor Partners LLC lifted its holdings in shares of Union Pacific by 3.2% in the 4th quarter. Advisor Partners LLC now owns 23,323 shares of the railroad operator’s stock valued at $3,224,000 after acquiring an additional 723 shares during the last quarter. Horrell Capital Management Inc. lifted its holdings in shares of Union Pacific by 0.9% in the 4th quarter. Horrell Capital Management Inc. now owns 89,414 shares of the railroad operator’s stock valued at $12,360,000 after acquiring an additional 815 shares during the last quarter. Alpha Cubed Investments LLC lifted its holdings in shares of Union Pacific by 879.6% in the 4th quarter. Alpha Cubed Investments LLC now owns 41,310 shares of the railroad operator’s stock valued at $5,710,000 after acquiring an additional 37,093 shares during the last quarter. Finally, Hayden Royal LLC bought a new position in shares of Union Pacific in the 4th quarter valued at about $354,000. Hedge funds and other institutional investors own 78.93% of the company’s stock.

A number of brokerages recently commented on UNP. Citigroup increased their price target on shares of Union Pacific from $180.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Barclays downgraded shares of Union Pacific from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $190.00 to $170.00 in a report on Thursday, June 13th. ValuEngine raised shares of Union Pacific from a “hold” rating to a “buy” rating in a report on Friday, April 19th. Deutsche Bank lowered their price target on shares of Union Pacific from $200.00 to $197.00 and set a “buy” rating for the company in a report on Wednesday, June 12th. Finally, Sanford C. Bernstein downgraded shares of Union Pacific from an “outperform” rating to a “market perform” rating and set a $177.00 price objective for the company. in a research note on Monday, June 17th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $175.80.

Shares of Union Pacific stock traded up $2.39 on Monday, hitting $171.50. 3,023,565 shares of the company traded hands, compared to its average volume of 3,736,490. The company has a 50 day moving average of $170.26. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.60 and a current ratio of 0.75. Union Pacific Co. has a 52 week low of $128.08 and a 52 week high of $180.02. The stock has a market cap of $121.71 billion, a P/E ratio of 21.68, a PEG ratio of 1.87 and a beta of 1.04.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, April 18th. The railroad operator reported $1.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.89 by $0.04. Union Pacific had a net margin of 26.59% and a return on equity of 30.73%. The firm had revenue of $5.38 billion during the quarter, compared to the consensus estimate of $5.51 billion. During the same quarter in the previous year, the firm posted $1.68 earnings per share. The company’s revenue was down 1.7% on a year-over-year basis. On average, analysts forecast that Union Pacific Co. will post 9.03 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 31st were paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 2.05%. The ex-dividend date was Thursday, May 30th. Union Pacific’s dividend payout ratio is presently 44.50%.

In related news, EVP Robert M. Knight, Jr. sold 1,380 shares of Union Pacific stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $180.01, for a total transaction of $248,413.80. Following the transaction, 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 filing with the SEC, which is accessible through this link. Also, Director William J. Delaney III acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were acquired at an average cost of $174.06 per share, for a total transaction of $870,300.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company’s stock, valued at $870,300. The disclosure for this purchase can be found here. Insiders have sold 22,865 shares of company stock valued at $3,958,389 in the last ninety days. Insiders own 9.96% of the company’s stock.

About Union Pacific

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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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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