Domani Wealth LLC Invests $228,000 in Union Pacific Co. (UNP)

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Domani Wealth LLC acquired a new stake in Union Pacific Co. (NYSE:UNP) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,365 shares of the railroad operator’s stock, valued at approximately $228,000.

Several other institutional investors and hedge funds also recently modified their holdings of UNP. Private Ocean LLC bought a new position in Union Pacific during the fourth quarter worth about $25,000. Gradient Investments LLC grew its stake in Union Pacific by 117.1% during the fourth quarter. Gradient Investments LLC now owns 241 shares of the railroad operator’s stock worth $33,000 after buying an additional 130 shares in the last quarter. Investors Research Corp acquired a new stake in Union Pacific during the first quarter worth about $42,000. Tributary Capital Management LLC acquired a new stake in Union Pacific during the fourth quarter worth about $42,000. Finally, Clarfeld Financial Advisors LLC acquired a new stake in Union Pacific during the fourth quarter worth about $42,000. 81.28% of the stock is currently owned by institutional investors.

UNP opened at $174.62 on Monday. Union Pacific Co. has a 1-year low of $128.08 and a 1-year high of $180.02. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.60 and a current ratio of 0.75. The company has a market capitalization of $123.60 billion, a PE ratio of 22.08, a P/E/G ratio of 1.93 and a beta of 1.11.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, April 18th. The railroad operator reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.04. Union Pacific had a net margin of 26.59% and a return on equity of 30.73%. The company had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $5.51 billion. During the same period last year, the company posted $1.68 EPS. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, analysts expect that Union Pacific Co. will post 9.06 earnings per share for the current year.

Union Pacific announced that its board has approved a stock repurchase program on Thursday, February 7th that allows the company to buyback 150,000,000 outstanding shares. This buyback authorization allows the railroad operator to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

The firm 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 dividend of $0.88 per share. The ex-dividend date is Thursday, May 30th. This represents a $3.52 annualized dividend and a yield of 2.02%. Union Pacific’s dividend payout ratio is presently 44.50%.

In related news, EVP Robert M. Knight, Jr. sold 1,380 shares of Union Pacific stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $180.01, for a total transaction of $248,413.80. Following the sale, the executive vice president now directly owns 94,943 shares in the company, valued at approximately $17,090,689.43. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Todd M. Rynaski sold 8,802 shares of Union Pacific stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $170.00, for a total transaction of $1,496,340.00. Following the sale, the vice president now owns 19,731 shares in the company, valued at $3,354,270. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,667 shares of company stock worth $5,454,729. 9.96% of the stock is owned by corporate insiders.

A number of brokerages have issued reports on UNP. Stifel Nicolaus set a $170.00 price objective on shares of Union Pacific and gave the stock a “hold” rating in a research note on Tuesday, April 23rd. Deutsche Bank set a $200.00 price objective on shares of Union Pacific and gave the stock a “buy” rating in a research note on Monday, April 22nd. TD Securities increased their price objective on shares of Union Pacific from $170.00 to $180.00 and gave the stock a “hold” rating in a research note on Monday, April 22nd. Raymond James increased their price objective on shares of Union Pacific from $192.00 to $201.00 and gave the stock a “strong-buy” rating in a research note on Monday, April 22nd. Finally, BMO Capital Markets increased their price objective on shares of Union Pacific to $190.00 and gave the stock an “outperform” rating in a research note on Monday, April 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $175.35.

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Union Pacific Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.

See Also: Exchange-Traded Funds (ETFs)

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

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