Leo Wealth LLC Sells 506 Shares of Union Pacific Corporation (NYSE:UNP)

Leo Wealth LLC lowered its stake in shares of Union Pacific Corporation (NYSE:UNP) by 13.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,259 shares of the railroad operator’s stock after selling 506 shares during the quarter. Leo Wealth LLC’s holdings in Union Pacific were worth $770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Fiduciary Trust Co boosted its holdings in Union Pacific by 2.8% in the fourth quarter. Fiduciary Trust Co now owns 102,213 shares of the railroad operator’s stock worth $23,309,000 after acquiring an additional 2,807 shares in the last quarter. Sherbrooke Park Advisers LLC purchased a new position in Union Pacific during the fourth quarter valued at approximately $781,000. Meadow Creek Wealth Advisors LLC raised its position in Union Pacific by 10.9% during the first quarter. Meadow Creek Wealth Advisors LLC now owns 3,666 shares of the railroad operator’s stock valued at $866,000 after acquiring an additional 359 shares in the last quarter. GAMMA Investing LLC raised its position in Union Pacific by 16.8% during the first quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator’s stock valued at $2,491,000 after acquiring an additional 1,520 shares in the last quarter. Finally, Truist Financial Corp raised its position in 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. Institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Down 0.8%

Shares of UNP opened at $233.33 on Tuesday. 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 stock has a market capitalization of $139.41 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 2.36 and a beta of 1.05. The stock has a 50 day moving average price of $226.44 and a 200 day moving average price of $231.18.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, April 24th. The railroad operator reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.73 by ($0.03). The company had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $6.11 billion. Union Pacific had a net margin of 27.76% and a return on equity of 40.80%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.69 earnings per share. Equities research analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, May 30th were issued a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 2.30%. The ex-dividend date was Friday, May 30th. Union Pacific’s payout ratio is currently 48.29%.

Analyst Ratings Changes

Several brokerages recently weighed in on UNP. Argus upgraded Union Pacific to a “strong-buy” rating in a research report on Friday, May 16th. Stephens cut their price objective on Union Pacific from $275.00 to $255.00 and set an “overweight” rating for the company in a research report on Monday, April 28th. Jefferies Financial Group reduced their target price on Union Pacific from $255.00 to $230.00 and set a “hold” rating for the company in a research note on Wednesday, April 9th. UBS Group dropped their price target 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. Finally, Barclays lifted their price target on shares of Union Pacific from $260.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Union Pacific has a consensus rating of “Moderate Buy” and an average target price of $256.63.

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.