Opal Wealth Advisors LLC Grows Holdings in Union Pacific Co. (NYSE:UNP)

Opal Wealth Advisors LLC increased its position in shares of Union Pacific Co. (NYSE:UNP) by 7.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,745 shares of the railroad operator’s stock after purchasing an additional 200 shares during the quarter. Opal Wealth Advisors LLC’s holdings in Union Pacific were worth $648,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. IAG Wealth Partners LLC boosted its holdings in Union Pacific by 200.0% during the first quarter. IAG Wealth Partners LLC now owns 375 shares of the railroad operator’s stock worth $89,000 after purchasing an additional 250 shares during the last quarter. Hennessy Advisors Inc. purchased a new position in Union Pacific during the first quarter worth about $2,717,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Union Pacific by 12.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 162,314 shares of the railroad operator’s stock worth $38,345,000 after purchasing an additional 18,453 shares during the last quarter. Tritonpoint Wealth LLC boosted its stake in Union Pacific by 4.0% in the first quarter. Tritonpoint Wealth LLC now owns 11,050 shares of the railroad operator’s stock valued at $2,611,000 after acquiring an additional 422 shares during the last quarter. Finally, Griffin Asset Management Inc. boosted its stake in Union Pacific by 29.3% in the first quarter. Griffin Asset Management Inc. now owns 15,021 shares of the railroad operator’s stock valued at $3,549,000 after acquiring an additional 3,400 shares during the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Stock Performance

Union Pacific stock opened at $223.17 on Friday. The firm’s 50 day simple moving average is $220.90 and its 200 day simple moving average is $231.64. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. The firm has a market capitalization of $133.34 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05. Union Pacific Co. has a 1-year low of $204.66 and a 1-year high of $258.07.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, April 24th. The railroad operator reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.73 by ($0.03). The firm had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.11 billion. Union Pacific had a return on equity of 41.12% and a net margin of 27.82%. The business’s revenue was down .1% on a year-over-year basis. During the same period last year, the company posted $2.69 EPS. As a group, analysts expect that Union Pacific Co. will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be issued a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Friday, May 30th. Union Pacific’s dividend payout ratio (DPR) is presently 48.29%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wells Fargo & Company dropped their target price on shares of Union Pacific from $265.00 to $260.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Bank of America boosted their target price on shares of Union Pacific from $256.00 to $262.00 and gave the company a “buy” rating in a research note on Friday, May 16th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $263.00 target price on shares of Union Pacific in a research note on Monday, June 2nd. Susquehanna dropped their target price on shares of Union Pacific from $255.00 to $245.00 and set a “neutral” rating on the stock in a research note on Friday, April 25th. Finally, Barclays dropped their target price on shares of 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, seven have assigned a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Union Pacific has a consensus rating of “Moderate Buy” and an average price target of $257.74.

Union Pacific 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.