Steelhead Wealth Management LLC Takes $449,000 Position in Union Pacific Corporation $UNP

Steelhead Wealth Management LLC acquired a new stake in Union Pacific Corporation (NYSE:UNP) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,852 shares of the railroad operator’s stock, valued at approximately $449,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. FAS Wealth Partners Inc. increased its stake in Union Pacific by 2.3% during the 1st quarter. FAS Wealth Partners Inc. now owns 17,407 shares of the railroad operator’s stock worth $4,223,000 after buying an additional 384 shares during the period. Wealthquest Corp boosted its position in Union Pacific by 3.7% in the 1st quarter. Wealthquest Corp now owns 1,108 shares of the railroad operator’s stock valued at $269,000 after buying an additional 40 shares during the period. DV Trading LLC acquired a new position in shares of Union Pacific in the first quarter worth $243,000. Parallel Advisors LLC increased its position in shares of Union Pacific by 6.1% during the first quarter. Parallel Advisors LLC now owns 6,441 shares of the railroad operator’s stock worth $1,563,000 after acquiring an additional 368 shares during the period. Finally, NewEdge Advisors LLC raised its stake in shares of Union Pacific by 20.1% in the first quarter. NewEdge Advisors LLC now owns 157,798 shares of the railroad operator’s stock valued at $38,285,000 after acquiring an additional 26,422 shares in the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total transaction of $789,504.36. Following the transaction, the executive vice president owned 43,012 shares of the company’s stock, valued at approximately $11,353,447.52. This trade represents a 6.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.22% of the company’s stock.

Union Pacific Trading Down 0.1%

NYSE:UNP opened at $291.83 on Monday. The stock has a 50-day simple moving average of $277.60 and a 200-day simple moving average of $260.77. The stock has a market cap of $173.37 billion, a P/E ratio of 23.63, a P/E/G ratio of 2.99 and a beta of 0.96. Union Pacific Corporation has a 1 year low of $210.84 and a 1 year high of $315.99. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.82 and a current ratio of 0.99.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, topping the consensus estimate of $3.26 by $0.15. The business had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.72 billion. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The business’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the company earned $3.03 EPS. As a group, analysts anticipate that Union Pacific Corporation will post 12.9 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, August 31st. This is a positive change from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s dividend payout ratio (DPR) is currently 44.70%.

Wall Street Analyst Weigh In

Several research analysts recently commented on UNP shares. BMO Capital Markets reissued a “market perform” rating and set a $320.00 target price (up from $285.00) on shares of Union Pacific in a research note on Friday, July 24th. Weiss Ratings upgraded Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 24th. Wells Fargo & Company reissued an “overweight” rating and set a $335.00 price objective (up from $315.00) on shares of Union Pacific in a research report on Friday, July 24th. Robert W. Baird upped their target price on shares of Union Pacific from $311.00 to $344.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Finally, JPMorgan Chase & Co. raised their target price on shares of Union Pacific from $304.00 to $334.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $320.89.

Union Pacific Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two?thirds of the United States.