Providence First Trust Co decreased its position in shares of Union Pacific Co. (NYSE:UNP) by 1.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 19,136 shares of the railroad operator’s stock after selling 375 shares during the period. Union Pacific comprises about 2.1% of Providence First Trust Co’s holdings, making the stock its 17th largest holding. Providence First Trust Co’s holdings in Union Pacific were worth $2,572,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the business. Palo Capital Inc. boosted its position in shares of Union Pacific by 5.9% in the 4th quarter. Palo Capital Inc. now owns 6,919 shares of the railroad operator’s stock worth $928,000 after purchasing an additional 384 shares in the last quarter. Windward Capital Management Co. CA boosted its position in shares of Union Pacific by 10.7% in the 4th quarter. Windward Capital Management Co. CA now owns 4,068 shares of the railroad operator’s stock worth $546,000 after purchasing an additional 393 shares in the last quarter. Cedar Hill Associates LLC boosted its position in shares of Union Pacific by 22.0% in the 1st quarter. Cedar Hill Associates LLC now owns 2,221 shares of the railroad operator’s stock worth $299,000 after purchasing an additional 400 shares in the last quarter. Peloton Wealth Strategists boosted its position in shares of Union Pacific by 2.3% in the 1st quarter. Peloton Wealth Strategists now owns 17,950 shares of the railroad operator’s stock worth $2,413,000 after purchasing an additional 400 shares in the last quarter. Finally, Evanson Asset Management LLC boosted its position in shares of Union Pacific by 7.5% in the 4th quarter. Evanson Asset Management LLC now owns 5,848 shares of the railroad operator’s stock worth $784,000 after purchasing an additional 408 shares in the last quarter. Hedge funds and other institutional investors own 79.01% of the company’s stock.
A number of analysts have recently commented on the company. TD Securities dropped their price target on Union Pacific from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, January 26th. Robert W. Baird reaffirmed a “hold” rating on shares of Union Pacific in a research report on Friday, January 26th. UBS lowered their price objective on Union Pacific from $164.00 to $162.00 and set a “buy” rating on the stock in a research report on Friday, January 26th. Seaport Global Securities cut Union Pacific from a “buy” rating to a “neutral” rating in a research report on Friday, January 26th. They noted that the move was a valuation call. Finally, Loop Capital upped their price objective on Union Pacific from $137.00 to $145.00 and gave the company a “hold” rating in a research report on Monday, April 16th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $138.95.
NYSE UNP opened at $145.08 on Tuesday. The firm has a market cap of $110.76 billion, a PE ratio of 23.34, a PEG ratio of 1.78 and a beta of 0.79. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 0.64. Union Pacific Co. has a 1-year low of $101.06 and a 1-year high of $146.73.
Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, April 26th. The railroad operator reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.02. The firm had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.39 billion. Union Pacific had a return on equity of 22.16% and a net margin of 50.73%. The company’s revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.32 EPS. analysts forecast that Union Pacific Co. will post 7.59 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Thursday, May 31st will be issued a dividend of $0.73 per share. The ex-dividend date is Wednesday, May 30th. This represents a $2.92 annualized dividend and a dividend yield of 2.01%. Union Pacific’s payout ratio is 50.43%.
In other news, EVP Elizabeth F. Whited sold 15,576 shares of the stock in a transaction on Tuesday, April 3rd. The stock was sold at an average price of $133.79, for a total transaction of $2,083,913.04. Following the transaction, the executive vice president now directly owns 65,613 shares of the company’s stock, valued at approximately $8,778,363.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert M. Knight, Jr. sold 25,000 shares of the stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $137.39, for a total value of $3,434,750.00. Following the transaction, the chief financial officer now directly owns 106,518 shares in the company, valued at $14,634,508.02. The disclosure for this sale can be found here. 0.20% of the stock is owned by corporate insiders.
About Union Pacific
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.
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