Bogart Wealth LLC Has $144,000 Stake in Union Pacific Corporation (NYSE:UNP)

by · The Cerbat Gem

Bogart Wealth LLC raised its stake in Union Pacific Corporation (NYSE:UNP – Free Report) by 10.5% during the first quarter, HoldingsChannel.com reports. The fund owned 610 shares of the railroad operator’s stock after acquiring an additional 58 shares during the quarter. Bogart Wealth LLC’s holdings in Union Pacific were worth $144,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Geode Capital Management LLC raised its position in Union Pacific by 12.6% in the 4th 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 last quarter. Capital Research Global Investors raised its holdings in shares of Union Pacific by 14.3% in 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 buying an additional 1,298,178 shares during the last quarter. Norges Bank bought a new position in shares of Union Pacific in the fourth quarter valued at about $1,927,377,000. Franklin Resources Inc. lifted its position in Union Pacific by 5.0% during the 4th quarter. Franklin Resources Inc. now owns 7,686,387 shares of the railroad operator’s stock worth $1,752,804,000 after buying an additional 363,937 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Union Pacific by 15.2% during the 4th 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 last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on UNP shares. Citigroup raised their price objective on shares of Union Pacific from $244.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Robert W. Baird began coverage on shares of Union Pacific in a report on Tuesday, July 1st. They issued a “neutral” rating and a $231.00 price target for the company. Susquehanna upgraded shares of Union Pacific from a “neutral” rating to a “positive” rating and boosted their price objective for the stock from $245.00 to $260.00 in a research report on Tuesday, June 24th. Stephens decreased their price objective on Union Pacific from $275.00 to $255.00 and set an “overweight” rating on the stock in a research report on Monday, April 28th. Finally, Morgan Stanley lowered their target price on Union Pacific from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Monday, July 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $256.63.

View Our Latest Analysis on UNP

Union Pacific Stock Down 0.8%

Shares of Union Pacific stock opened at $233.33 on Tuesday. The company has a market capitalization of $139.41 billion, a P/E ratio of 21.02, a price-to-earnings-growth ratio of 2.36 and a beta of 1.05. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.73 and a quick ratio of 0.61. The business has a 50-day moving average of $226.44 and a two-hundred day moving average of $231.18. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $258.07.

Union Pacific (NYSE:UNP – Get Free Report) last posted its 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). Union Pacific had a return on equity of 40.80% and a net margin of 27.76%. The business had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.11 billion. During the same period in the previous year, the company posted $2.69 earnings per share. Union Pacific’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, equities analysts predict that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, May 30th were issued a dividend of $1.34 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.30%. Union Pacific’s payout ratio is 48.29%.

Union Pacific Company Profile

(Free Report)

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.

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