Everett Harris & Co. CA Cuts Holdings in Union Pacific Co. (NYSE:UNP)

Everett Harris & Co. CA reduced its stake in shares of Union Pacific Co. (NYSE:UNP) by 8.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,315 shares of the railroad operator’s stock after selling 4,648 shares during the quarter. Everett Harris & Co. CA’s holdings in Union Pacific were worth $11,621,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Trueblood Wealth Management LLC acquired a new position in shares of Union Pacific in the fourth quarter valued at about $404,000. FLC Capital Advisors increased its holdings in Union Pacific by 12.5% in the 4th quarter. FLC Capital Advisors now owns 1,752 shares of the railroad operator’s stock worth $430,000 after acquiring an additional 194 shares in the last quarter. Successful Portfolios LLC boosted its holdings in Union Pacific by 2.3% in the 4th quarter. Successful Portfolios LLC now owns 2,230 shares of the railroad operator’s stock worth $548,000 after buying an additional 50 shares during the last quarter. MJP Associates Inc. ADV acquired a new stake in shares of Union Pacific in the fourth quarter worth approximately $335,000. Finally, Great Lakes Retirement Inc. increased its position in shares of Union Pacific by 1.0% during the fourth quarter. Great Lakes Retirement Inc. now owns 10,689 shares of the railroad operator’s stock worth $2,626,000 after purchasing an additional 108 shares in the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on UNP shares. TD Cowen lifted their price objective on Union Pacific from $228.00 to $251.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Benchmark reissued a “buy” rating and issued a $260.00 target price on shares of Union Pacific in a research report on Friday, January 26th. UBS Group raised their target price on shares of Union Pacific from $235.00 to $248.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. Raymond James raised their target price on Union Pacific from $240.00 to $275.00 and gave the company a “strong-buy” rating in a report on Tuesday, January 16th. Finally, Royal Bank of Canada lowered their price target on shares of Union Pacific from $282.00 to $272.00 and set an “outperform” rating on the stock in a research note on Friday, January 26th. Seven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $249.67.

Insider Buying and Selling

In other news, President Elizabeth F. Whited sold 3,750 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $250.00, for a total value of $937,500.00. Following the completion of the transaction, the president now directly owns 56,682 shares in the company, valued at $14,170,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.30% of the company’s stock.

Union Pacific Stock Up 1.6 %

Union Pacific stock traded up $3.94 during midday trading on Wednesday, hitting $244.63. The stock had a trading volume of 2,142,852 shares, compared to its average volume of 2,367,813. The business has a fifty day moving average price of $247.48 and a 200 day moving average price of $230.40. Union Pacific Co. has a 12 month low of $190.37 and a 12 month high of $258.66. The stock has a market cap of $149.17 billion, a P/E ratio of 23.35, a P/E/G ratio of 2.65 and a beta of 1.07. The company has a current ratio of 0.81, a quick ratio of 0.67 and a debt-to-equity ratio of 2.11.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, January 25th. The railroad operator reported $2.71 EPS for the quarter, beating the consensus estimate of $2.56 by $0.15. The business had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.05 billion. Union Pacific had a net margin of 26.45% and a return on equity of 46.87%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the previous year, the business posted $2.67 EPS. Research analysts predict that Union Pacific Co. will post 10.94 EPS for the current year.

Union Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, February 29th will be paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Wednesday, February 28th. Union Pacific’s dividend payout ratio is currently 49.71%.

Union Pacific 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.