Global Trust Asset Management LLC Trims Position in Union Pacific Co. (NYSE:UNP)

by · The Cerbat Gem

Global Trust Asset Management LLC trimmed its stake in Union Pacific Co. (NYSE:UNP – Free Report) by 5.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,227 shares of the railroad operator’s stock after selling 355 shares during the period. Global Trust Asset Management LLC’s holdings in Union Pacific were worth $1,420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of UNP. Strategic Investment Solutions Inc. IL purchased a new position in Union Pacific during the 2nd quarter valued at about $28,000. Catalyst Capital Advisors LLC purchased a new position in Union Pacific during the third quarter valued at approximately $30,000. Jamison Private Wealth Management Inc. raised its stake in Union Pacific by 265.7% in the third quarter. Jamison Private Wealth Management Inc. now owns 128 shares of the railroad operator’s stock worth $32,000 after buying an additional 93 shares in the last quarter. Peterson Financial Group Inc. purchased a new stake in Union Pacific during the third quarter worth $32,000. Finally, Dunhill Financial LLC lifted its holdings in Union Pacific by 111.5% during the third quarter. Dunhill Financial LLC now owns 129 shares of the railroad operator’s stock worth $32,000 after buying an additional 68 shares during the period. 80.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UNP has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price target on Union Pacific from $263.00 to $252.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Citigroup boosted their target price on shares of Union Pacific from $255.00 to $267.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. TD Cowen cut their price objective on shares of Union Pacific from $255.00 to $252.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Royal Bank of Canada reduced their price objective on shares of Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, StockNews.com downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Union Pacific presently has an average rating of “Moderate Buy” and a consensus target price of $259.35.

Check Out Our Latest Stock Report on UNP

Union Pacific Stock Performance

NYSE UNP opened at $236.73 on Wednesday. The firm has a market capitalization of $143.52 billion, a P/E ratio of 21.74, a PEG ratio of 2.11 and a beta of 1.06. The stock has a 50-day simple moving average of $233.63 and a two-hundred day simple moving average of $239.18. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77. Union Pacific Co. has a fifty-two week low of $218.55 and a fifty-two week high of $258.66.

Union Pacific (NYSE:UNP – Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing the consensus estimate of $2.78 by ($0.03). Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The company had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.14 billion. During the same quarter in the prior year, the business posted $2.51 earnings per share. The firm’s revenue was up 2.5% compared to the same quarter last year. On average, equities analysts forecast that Union Pacific Co. will post 10.96 earnings per share for the current year.

Union Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were given a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date was Monday, December 9th. Union Pacific’s dividend payout ratio (DPR) is presently 49.22%.

Union Pacific Company Profile

(Free Report)

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.

Further Reading

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