Parkside Investments LLC Sells 160 Shares of Union Pacific Co. (NYSE:UNP)

Parkside Investments LLC lessened its holdings in shares of Union Pacific Co. (NYSE:UNP) by 0.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,535 shares of the railroad operator’s stock after selling 160 shares during the period. Union Pacific comprises approximately 1.8% of Parkside Investments LLC’s holdings, making the stock its 14th largest holding. Parkside Investments LLC’s holdings in Union Pacific were worth $11,690,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Norges Bank purchased a new position in Union Pacific during the 4th quarter valued at about $1,832,127,000. Wellington Management Group LLP lifted its holdings in shares of Union Pacific by 0.3% during the 3rd quarter. Wellington Management Group LLP now owns 7,261,449 shares of the railroad operator’s stock valued at $1,478,649,000 after buying an additional 19,145 shares during the period. Capital Research Global Investors lifted its holdings in shares of Union Pacific by 23.1% during the 4th quarter. Capital Research Global Investors now owns 6,851,767 shares of the railroad operator’s stock valued at $1,682,931,000 after buying an additional 1,285,144 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Union Pacific by 2.2% during the 4th quarter. Fisher Asset Management LLC now owns 5,867,842 shares of the railroad operator’s stock valued at $1,441,260,000 after buying an additional 125,522 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of Union Pacific by 7.1% during the 4th quarter. Franklin Resources Inc. now owns 5,504,181 shares of the railroad operator’s stock valued at $1,351,937,000 after buying an additional 364,029 shares during the period. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Up 0.2 %

Shares of UNP stock traded up $0.42 during trading hours on Wednesday, reaching $224.48. 511,702 shares of the company’s stock were exchanged, compared to its average volume of 2,298,140. The stock’s 50 day moving average is $233.66 and its 200-day moving average is $240.52. The company has a market cap of $136.96 billion, a price-to-earnings ratio of 21.31, a P/E/G ratio of 1.82 and a beta of 1.05. The company has a current ratio of 0.93, a quick ratio of 0.76 and a debt-to-equity ratio of 1.99. Union Pacific Co. has a fifty-two week low of $199.33 and a fifty-two week high of $258.66.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, April 25th. The railroad operator reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.50 by $0.19. The business had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $5.97 billion. Union Pacific had a return on equity of 44.34% and a net margin of 26.52%. The business’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.67 earnings per share. Analysts predict that Union Pacific Co. will post 11.25 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Friday, May 31st. Union Pacific’s payout ratio is 49.62%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on UNP shares. Loop Capital lowered Union Pacific from a “buy” rating to a “hold” rating and cut their price target for the stock from $276.00 to $238.00 in a research note on Monday, June 17th. Stifel Nicolaus upgraded Union Pacific from a “hold” rating to a “buy” rating and raised their price objective for the company from $248.00 to $267.00 in a research report on Friday, May 3rd. Evercore ISI increased their price target on shares of Union Pacific from $271.00 to $273.00 and gave the company an “outperform” rating in a report on Friday, April 26th. TD Cowen increased their price target on shares of Union Pacific from $252.00 to $258.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, Raymond James reissued a “strong-buy” rating and issued a $280.00 price objective (up previously from $275.00) on shares of Union Pacific in a research note on Friday, April 26th. Eight analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $258.92.

About Union Pacific

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.