Union Pacific Co. (NYSE:UNP) Shares Sold by Daymark Wealth Partners LLC

by · The Markets Daily

Daymark Wealth Partners LLC cut its position in Union Pacific Co. (NYSE:UNP – Free Report) by 6.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 24,175 shares of the railroad operator’s stock after selling 1,573 shares during the period. Daymark Wealth Partners LLC’s holdings in Union Pacific were worth $5,513,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Marshall Wace LLP boosted its holdings in Union Pacific by 272.3% during the 2nd quarter. Marshall Wace LLP now owns 1,678,108 shares of the railroad operator’s stock valued at $379,689,000 after acquiring an additional 1,227,318 shares during the period. International Assets Investment Management LLC lifted its position in shares of Union Pacific by 19,878.6% during the third quarter. International Assets Investment Management LLC now owns 896,040 shares of the railroad operator’s stock worth $220,856,000 after purchasing an additional 891,555 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Union Pacific by 9.3% in the third quarter. Franklin Resources Inc. now owns 7,322,450 shares of the railroad operator’s stock valued at $1,795,993,000 after purchasing an additional 625,492 shares during the period. Impax Asset Management Group plc grew its holdings in shares of Union Pacific by 2,025.4% in the third quarter. Impax Asset Management Group plc now owns 546,236 shares of the railroad operator’s stock valued at $134,636,000 after purchasing an additional 520,536 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in Union Pacific by 170.9% during the 3rd quarter. Jennison Associates LLC now owns 736,246 shares of the railroad operator’s stock worth $181,470,000 after buying an additional 464,477 shares during the period. 80.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on UNP. TD Cowen dropped their price target on shares of Union Pacific from $255.00 to $252.00 and set a “buy” rating for the company in a research note on Friday, October 25th. StockNews.com downgraded Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Raymond James lifted their price objective on Union Pacific from $260.00 to $265.00 and gave the company a “strong-buy” rating in a research note on Friday, January 10th. Robert W. Baird cut their target price on shares of Union Pacific from $270.00 to $260.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, Citigroup lifted their price target on shares of Union Pacific from $255.00 to $267.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. Nine investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $259.35.

Get Our Latest Stock Report on Union Pacific

Union Pacific Trading Up 1.1 %

NYSE UNP opened at $236.73 on Wednesday. The firm’s fifty day moving average is $233.63 and its two-hundred day moving average is $239.18. Union Pacific Co. has a one year low of $218.55 and a one year high of $258.66. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77. The firm has a market cap of $143.52 billion, a PE ratio of 21.74, a P/E/G ratio of 2.11 and a beta of 1.06.

Union Pacific (NYSE:UNP – Get Free Report) last announced its 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 during the quarter, compared to analysts’ expectations of $6.14 billion. During the same quarter last year, the business posted $2.51 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. Analysts expect that Union Pacific Co. will post 10.96 earnings per share for the current year.

Union Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were paid a $1.34 dividend. The ex-dividend date was Monday, December 9th. This represents a $5.36 annualized dividend and a yield of 2.26%. Union Pacific’s dividend payout ratio is currently 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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