Prentice Wealth Management LLC Has $214,000 Stock Position in Union Pacific Co. (NYSE:UNP)

Prentice Wealth Management LLC increased its stake in shares of Union Pacific Co. (NYSE:UNP) by 59.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 971 shares of the railroad operator’s stock after buying an additional 363 shares during the quarter. Prentice Wealth Management LLC’s holdings in Union Pacific were worth $214,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. ShoreHaven Wealth Partners LLC bought a new position in shares of Union Pacific in the first quarter valued at approximately $25,000. Red Cedar Capital LLC bought a new position in shares of Union Pacific in the first quarter valued at about $26,000. Harvest Group Wealth Management LLC bought a new position in shares of Union Pacific in the second quarter valued at about $33,000. AllSquare Wealth Management LLC raised its holdings in shares of Union Pacific by 70.0% in the first quarter. AllSquare Wealth Management LLC now owns 170 shares of the railroad operator’s stock valued at $37,000 after buying an additional 70 shares during the last quarter. Finally, MV Capital Management Inc. raised its holdings in shares of Union Pacific by 78.8% in the second quarter. MV Capital Management Inc. now owns 202 shares of the railroad operator’s stock valued at $44,000 after buying an additional 89 shares during the last quarter. Institutional investors and hedge funds own 77.07% of the company’s stock.

UNP has been the subject of a number of recent analyst reports. TD Securities upped their price target on Union Pacific from $245.00 to $255.00 and gave the company a “hold” rating in a research note on Friday, July 23rd. Deutsche Bank Aktiengesellschaft decreased their price objective on Union Pacific from $256.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, September 17th. Loop Capital decreased their price objective on Union Pacific from $270.00 to $252.00 and set a “buy” rating for the company in a research report on Tuesday, September 14th. Stifel Nicolaus started coverage on Union Pacific in a research report on Monday, June 21st. They issued a “hold” rating for the company. Finally, Royal Bank of Canada upped their price target on Union Pacific from $259.00 to $261.00 and gave the stock an “outperform” rating in a research report on Friday, July 23rd. Six investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Union Pacific presently has a consensus rating of “Buy” and an average target price of $243.17.

NYSE UNP opened at $196.61 on Wednesday. The company has a market cap of $128.21 billion, a price-to-earnings ratio of 22.39, a P/E/G ratio of 2.07 and a beta of 1.13. Union Pacific Co. has a 52 week low of $171.50 and a 52 week high of $231.26. The business has a 50 day moving average price of $216.98 and a 200-day moving average price of $219.62. The company has a quick ratio of 0.71, a current ratio of 0.86 and a debt-to-equity ratio of 1.94.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, July 22nd. The railroad operator reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.17. The company had revenue of $5.50 billion for the quarter, compared to analyst estimates of $5.39 billion. Union Pacific had a return on equity of 37.65% and a net margin of 28.60%. The firm’s revenue for the quarter was up 29.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.67 EPS. On average, equities research analysts anticipate that Union Pacific Co. will post 10.02 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 30th. Investors of record on Tuesday, August 31st will be issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Monday, August 30th. Union Pacific’s dividend payout ratio is presently 52.26%.

Union Pacific Company Profile

Union Pacific Corp. engages in the provision of railroad and freight transportation services. Its principal operating company, Union Pacific Railroad Co, operates as a railroad franchise. The Railroad’s diversified business mix includes agricultural products, automotive, chemicals, coal, industrial products, and intermodal.

Further Reading: Trade Deficit

Want to see what other hedge funds are holding UNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Pacific Co. (NYSE:UNP).

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

Receive News & Ratings for Union Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Union Pacific and related companies with MarketBeat.com's FREE daily email newsletter.