US Asset Management LLC Cuts Stock Position in Union Pacific Co. (NYSE:UNP)

by · The Cerbat Gem

US Asset Management LLC lessened its holdings in Union Pacific Co. (NYSE:UNP – Free Report) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,143 shares of the railroad operator’s stock after selling 95 shares during the period. US Asset Management LLC’s holdings in Union Pacific were worth $489,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Union Pacific during the 4th quarter valued at about $1,927,377,000. Raymond James Financial Inc. bought a new stake in Union Pacific during the fourth quarter worth approximately $1,035,905,000. Geode Capital Management LLC increased its stake in Union Pacific by 12.6% during the fourth quarter. Geode Capital Management LLC now owns 14,430,581 shares of the railroad operator’s stock worth $3,282,305,000 after acquiring an additional 1,616,895 shares during the last quarter. Capital Research Global Investors raised its position in Union Pacific by 14.3% during the fourth quarter. Capital Research Global Investors now owns 10,395,364 shares of the railroad operator’s stock valued at $2,370,559,000 after purchasing an additional 1,298,178 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Union Pacific by 35.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,968,658 shares of the railroad operator’s stock valued at $1,133,053,000 after purchasing an additional 1,294,643 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

UNP has been the topic of several analyst reports. Guggenheim boosted their target price on Union Pacific from $266.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Barclays dropped their price objective on shares of Union Pacific from $285.00 to $260.00 and set an “overweight” rating for the company in a research note on Friday, April 25th. Robert W. Baird increased their target price on shares of Union Pacific from $260.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Benchmark lifted their price target on shares of Union Pacific from $266.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Finally, Raymond James reissued a “strong-buy” rating on shares of Union Pacific in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $257.50.

Check Out Our Latest Stock Report on UNP

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $222.93 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. The stock’s fifty day moving average price is $223.29 and its 200-day moving average price is $233.51. The firm has a market cap of $133.19 billion, a P/E ratio of 20.10, a P/E/G ratio of 2.15 and a beta of 1.07. Union Pacific Co. has a 12 month low of $204.66 and a 12 month high of $258.07.

Union Pacific (NYSE:UNP – Get Free Report) last issued its earnings results on Thursday, April 24th. The railroad operator reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.73 by ($0.03). Union Pacific had a return on equity of 41.12% and a net margin of 27.82%. The business had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.11 billion. During the same quarter in the previous year, the company earned $2.69 earnings per share. The firm’s revenue was down .1% on a year-over-year basis. On average, equities research analysts expect that Union Pacific Co. will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be paid a dividend of $1.34 per share. The ex-dividend date is Friday, May 30th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.40%. Union Pacific’s dividend payout ratio is presently 48.29%.

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.

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