Miracle Mile Advisors LLC Raises Holdings in Union Pacific Co. (NYSE:UNP)

Miracle Mile Advisors LLC increased its stake in shares of Union Pacific Co. (NYSE:UNP) by 0.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,661 shares of the railroad operator’s stock after buying an additional 205 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Union Pacific were worth $9,508,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Diversified Trust Co lifted its position in Union Pacific by 6.7% in the first quarter. Diversified Trust Co now owns 16,542 shares of the railroad operator’s stock valued at $4,068,000 after purchasing an additional 1,036 shares during the period. Aviance Capital Partners LLC lifted its position in Union Pacific by 92.3% in the first quarter. Aviance Capital Partners LLC now owns 8,621 shares of the railroad operator’s stock valued at $2,120,000 after purchasing an additional 4,138 shares during the period. Roberts Wealth Advisors LLC acquired a new stake in shares of Union Pacific during the 1st quarter valued at approximately $542,000. Breakwater Capital Group acquired a new stake in shares of Union Pacific during the 1st quarter valued at approximately $211,000. Finally, AMI Investment Management Inc. lifted its position in shares of Union Pacific by 1.4% during the 1st quarter. AMI Investment Management Inc. now owns 14,870 shares of the railroad operator’s stock valued at $3,657,000 after acquiring an additional 210 shares during the period. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Trading Down 0.6 %

Shares of NYSE:UNP traded down $1.40 during mid-day trading on Monday, hitting $224.86. The stock had a trading volume of 1,666,695 shares, compared to its average volume of 2,310,057. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.76 and a current ratio of 0.93. The company has a market cap of $137.19 billion, a PE ratio of 21.44, a P/E/G ratio of 1.92 and a beta of 1.07. Union Pacific Co. has a 12-month low of $199.33 and a 12-month high of $258.66. The company’s 50 day moving average is $233.31 and its 200-day moving average is $240.32.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, April 25th. The railroad operator reported $2.69 EPS for the quarter, beating the consensus estimate of $2.50 by $0.19. The business had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $5.97 billion. Union Pacific had a net margin of 26.52% and a return on equity of 44.34%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.67 EPS. On average, sell-side analysts predict that Union Pacific Co. will post 11.22 EPS for the current year.

Union Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 31st were given a $1.30 dividend. The ex-dividend date was Friday, May 31st. This represents a $5.20 dividend on an annualized basis and a yield of 2.31%. Union Pacific’s payout ratio is 49.62%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on UNP shares. Evercore ISI lifted their price target on shares of Union Pacific from $271.00 to $273.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. TD Cowen lifted their price objective on Union Pacific from $252.00 to $258.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Loop Capital downgraded Union Pacific from a “buy” rating to a “hold” rating and cut their price objective for the stock from $276.00 to $238.00 in a research report on Monday, June 17th. Susquehanna cut their price objective on Union Pacific from $270.00 to $250.00 and set a “neutral” rating for the company in a research report on Tuesday, June 25th. Finally, Morgan Stanley lifted their price objective on Union Pacific from $198.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $258.92.

Union Pacific Company Profile

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.