Transform Wealth LLC Sells 649 Shares of Union Pacific Co. (NYSE:UNP)

Posted by on Jun 26th, 2023

Transform Wealth LLC cut its stake in shares of Union Pacific Co. (NYSE:UNP – Get Rating) by 22.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,214 shares of the railroad operator’s stock after selling 649 shares during the quarter. Transform Wealth LLC’s holdings in Union Pacific were worth $446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Union Pacific by 1.0% during the third quarter. Vanguard Group Inc. now owns 54,349,188 shares of the railroad operator’s stock valued at $10,588,308,000 after purchasing an additional 511,696 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in shares of Union Pacific by 90,390.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 13,697,556 shares of the railroad operator’s stock worth $2,836,353,000 after acquiring an additional 13,682,419 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Union Pacific by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 10,940,938 shares of the railroad operator’s stock worth $2,261,886,000 after acquiring an additional 78,511 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Union Pacific by 10.9% in the 4th quarter. Morgan Stanley now owns 8,983,932 shares of the railroad operator’s stock worth $1,860,303,000 after acquiring an additional 883,963 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Union Pacific in the 4th quarter worth approximately $1,276,498,000. 84.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on UNP. Morgan Stanley lowered their price objective on shares of Union Pacific from $176.00 to $171.00 and set an “equal weight” rating for the company in a report on Friday, April 21st. Stifel Nicolaus lowered their price objective on shares of Union Pacific from $222.00 to $216.00 and set a “hold” rating for the company in a report on Friday, April 21st. Wolfe Research lowered their price target on shares of Union Pacific from $221.00 to $220.00 and set an “outperform” rating for the company in a report on Friday, April 21st. Citigroup upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating and upped their price target for the company from $226.00 to $257.00 in a report on Monday, May 22nd. Finally, Royal Bank of Canada lowered their price target on shares of Union Pacific from $191.00 to $184.00 and set a “sector perform” rating for the company in a report on Friday, April 21st. Thirteen analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $217.41.

Union Pacific Stock Down 1.7 %

NYSE:UNP opened at $199.89 on Monday. The firm’s 50-day moving average price is $198.51 and its 200-day moving average price is $201.92. The company has a market capitalization of $121.98 billion, a PE ratio of 17.66, a P/E/G ratio of 1.77 and a beta of 1.10. The company has a debt-to-equity ratio of 2.50, a current ratio of 0.65 and a quick ratio of 0.54. Union Pacific Co. has a 1-year low of $183.69 and a 1-year high of $242.35.

Union Pacific (NYSE:UNP – Get Rating) last announced its quarterly earnings results on Thursday, April 20th. The railroad operator reported $2.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.57 by $0.10. The company had revenue of $6.06 billion for the quarter, compared to analysts’ expectations of $6.03 billion. Union Pacific had a net margin of 27.91% and a return on equity of 57.75%. Union Pacific’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.57 EPS. On average, equities analysts predict that Union Pacific Co. will post 11.31 EPS for the current fiscal year.

Union Pacific Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Wednesday, May 31st will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Tuesday, May 30th. Union Pacific’s payout ratio is 45.94%.

Union Pacific Profile

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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, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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