Vickerman Investment Advisors Inc. Grows Stock Position in Union Pacific Corporation (NYSE:UNP)

Vickerman Investment Advisors Inc. raised its position in Union Pacific Corporation (NYSE:UNP) by 6.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,038 shares of the railroad operator’s stock after acquiring an additional 818 shares during the quarter. Vickerman Investment Advisors Inc.’s holdings in Union Pacific were worth $3,316,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Concurrent Investment Advisors LLC grew its holdings in Union Pacific by 10.9% during the 1st quarter. Concurrent Investment Advisors LLC now owns 20,181 shares of the railroad operator’s stock valued at $4,768,000 after purchasing an additional 1,979 shares in the last quarter. Wayfinding Financial LLC purchased a new position in Union Pacific in the 1st quarter valued at about $114,000. Jackson Thornton Wealth Management LLC acquired a new stake in shares of Union Pacific during the first quarter valued at about $201,000. Truist Financial Corp grew its stake in shares of Union Pacific by 2.7% during the first quarter. Truist Financial Corp now owns 968,061 shares of the railroad operator’s stock valued at $228,695,000 after acquiring an additional 25,900 shares in the last quarter. Finally, Impax Asset Management Group plc increased its position in shares of Union Pacific by 5.2% during the first quarter. Impax Asset Management Group plc now owns 655,314 shares of the railroad operator’s stock worth $154,811,000 after acquiring an additional 32,511 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Down 0.3%

Union Pacific stock opened at $236.45 on Friday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.61 and a current ratio of 0.73. Union Pacific Corporation has a one year low of $204.66 and a one year high of $258.07. The company has a 50-day simple moving average of $224.00 and a 200-day simple moving average of $230.83. The firm has a market capitalization of $141.27 billion, a P/E ratio of 21.30, a P/E/G ratio of 2.37 and a beta of 1.05.

Union Pacific (NYSE:UNP) 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 net margin of 27.76% and a return on equity of 40.80%. The firm had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.11 billion. During the same period in the previous year, the firm earned $2.69 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. As a group, equities analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, May 30th were issued a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend was Friday, May 30th. Union Pacific’s dividend payout ratio (DPR) is 48.29%.

Wall Street Analysts Forecast Growth

UNP has been the subject of a number of recent analyst reports. Bank of America raised their price objective on Union Pacific from $256.00 to $262.00 and gave the company a “buy” rating in a research note on Friday, May 16th. UBS Group reduced their price objective on shares of Union Pacific from $255.00 to $245.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd. Susquehanna upgraded shares of Union Pacific from a “neutral” rating to a “positive” rating and upped their target price for the company from $245.00 to $260.00 in a research note on Tuesday, June 24th. Robert W. Baird started coverage on Union Pacific in a report on Tuesday, July 1st. They issued a “neutral” rating and a $231.00 price objective for the company. Finally, Barclays cut their price objective on Union Pacific from $285.00 to $260.00 and set an “overweight” rating on the stock in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Union Pacific presently has a consensus rating of “Moderate Buy” and an average price target of $256.91.

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.