Traynor Capital Management Inc. Has $649,000 Holdings in Union Pacific Co. (NYSE:UNP)

Traynor Capital Management Inc. cut its position in shares of Union Pacific Co. (NYSE:UNP) by 3.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,638 shares of the railroad operator’s stock after selling 98 shares during the quarter. Traynor Capital Management Inc.’s holdings in Union Pacific were worth $649,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of UNP. Norges Bank acquired a new stake in Union Pacific in the fourth quarter worth $1,832,127,000. Wellington Management Group LLP grew its holdings in Union Pacific by 0.3% in the third quarter. Wellington Management Group LLP now owns 7,261,449 shares of the railroad operator’s stock worth $1,478,649,000 after purchasing an additional 19,145 shares during the period. Capital Research Global Investors grew its holdings in Union Pacific by 23.1% in the fourth quarter. Capital Research Global Investors now owns 6,851,767 shares of the railroad operator’s stock worth $1,682,931,000 after purchasing an additional 1,285,144 shares during the period. Fisher Asset Management LLC grew its holdings in Union Pacific by 2.2% in the fourth quarter. Fisher Asset Management LLC now owns 5,867,842 shares of the railroad operator’s stock worth $1,441,260,000 after purchasing an additional 125,522 shares during the period. Finally, Franklin Resources Inc. grew its holdings in Union Pacific by 7.1% in the fourth quarter. Franklin Resources Inc. now owns 5,504,181 shares of the railroad operator’s stock worth $1,351,937,000 after purchasing an additional 364,029 shares during the period. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on UNP. Raymond James reiterated a “strong-buy” rating and set a $280.00 price objective (up from $275.00) on shares of Union Pacific in a report on Friday, April 26th. Evercore ISI lifted their price objective on shares of Union Pacific from $271.00 to $273.00 and gave the company an “outperform” rating in a report on Friday, April 26th. TD Cowen lifted their price objective on shares of Union Pacific from $252.00 to $258.00 and gave the company a “buy” rating in a report on Friday, April 26th. Morgan Stanley lifted their price objective on shares of Union Pacific from $198.00 to $210.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Finally, Benchmark lifted their price objective on shares of Union Pacific from $260.00 to $266.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $259.75.

Union Pacific Stock Performance

Shares of UNP stock opened at $226.36 on Tuesday. The firm has a market cap of $138.11 billion, a price-to-earnings ratio of 21.60, a P/E/G ratio of 1.84 and a beta of 1.05. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.76 and a current ratio of 0.93. Union Pacific Co. has a 52 week low of $199.33 and a 52 week high of $258.66. The firm’s 50-day simple moving average is $233.81 and its two-hundred day simple moving average is $240.56.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, April 25th. The railroad operator reported $2.69 EPS for the quarter, topping the consensus estimate of $2.50 by $0.19. The business had revenue of $6.03 billion for the quarter, compared to analyst estimates of $5.97 billion. Union Pacific had a net margin of 26.52% and a return on equity of 44.34%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.67 earnings per share. As a group, equities analysts forecast that Union Pacific Co. will post 11.25 earnings per share for the current year.

Union Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be paid a $1.30 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $5.20 annualized dividend and a dividend yield of 2.30%. Union Pacific’s payout ratio is 49.62%.

Union Pacific Company 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.