Hayek Kallen Investment Management Sells 745 Shares of Union Pacific Co. (NYSE:UNP)

Hayek Kallen Investment Management trimmed its stake in Union Pacific Co. (NYSE:UNP) by 3.6% during the 4th quarter, Holdings Channel reports. The firm owned 20,199 shares of the railroad operator’s stock after selling 745 shares during the quarter. Union Pacific comprises approximately 1.7% of Hayek Kallen Investment Management’s portfolio, making the stock its 18th biggest holding. Hayek Kallen Investment Management’s holdings in Union Pacific were worth $4,606,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allred Capital Management LLC raised its position in shares of Union Pacific by 0.5% during the 4th quarter. Allred Capital Management LLC now owns 8,349 shares of the railroad operator’s stock valued at $1,904,000 after buying an additional 40 shares in the last quarter. Palogic Value Management L.P. increased its stake in Union Pacific by 1.5% in the fourth quarter. Palogic Value Management L.P. now owns 2,823 shares of the railroad operator’s stock valued at $644,000 after acquiring an additional 42 shares during the last quarter. Roble Belko & Company Inc raised its position in Union Pacific by 26.8% during the fourth quarter. Roble Belko & Company Inc now owns 213 shares of the railroad operator’s stock valued at $49,000 after purchasing an additional 45 shares in the last quarter. Pflug Koory LLC lifted its stake in Union Pacific by 0.5% during the fourth quarter. Pflug Koory LLC now owns 8,569 shares of the railroad operator’s stock worth $1,954,000 after purchasing an additional 45 shares during the last quarter. Finally, Baron Wealth Management LLC boosted its holdings in shares of Union Pacific by 3.3% in the 4th quarter. Baron Wealth Management LLC now owns 1,409 shares of the railroad operator’s stock worth $321,000 after purchasing an additional 45 shares in the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Trading Down 1.9 %

Shares of NYSE:UNP opened at $215.61 on Friday. Union Pacific Co. has a 1 year low of $204.66 and a 1 year high of $258.07. The stock’s fifty day moving average price is $232.43 and its 200-day moving average price is $235.84. The company has a market cap of $129.22 billion, a P/E ratio of 19.44, a PEG ratio of 2.15 and a beta of 1.06. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.77 and a quick ratio of 0.62.

Union Pacific (NYSE:UNP) 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 $2.79 by ($0.09). The company had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $6.11 billion. Union Pacific had a return on equity of 41.12% and a net margin of 27.82%. Sell-side analysts expect that Union Pacific Co. will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were given a dividend of $1.34 per share. The ex-dividend date was Friday, February 28th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.49%. Union Pacific’s payout ratio is currently 48.33%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on UNP. TD Cowen raised their price objective on Union Pacific from $245.00 to $258.00 and gave the company a “buy” rating in a report on Friday, January 24th. Raymond James decreased their price target on shares of Union Pacific from $285.00 to $260.00 and set a “strong-buy” rating on the stock in a research note on Friday, April 11th. Redburn Atlantic raised shares of Union Pacific from a “neutral” rating to a “buy” rating and set a $259.00 price objective for the company in a research note on Wednesday, April 16th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Union Pacific in a report on Friday, March 7th. They set a “buy” rating and a $295.00 target price on the stock. Finally, Loop Capital downgraded shares of Union Pacific from a “hold” rating to a “sell” rating and lowered their price target for the stock from $265.00 to $200.00 in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Union Pacific currently has an average rating of “Moderate Buy” and a consensus price target of $257.50.

Insider Activity at Union Pacific

In other Union Pacific news, EVP Craig V. Richardson sold 6,495 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $252.00, for a total transaction of $1,636,740.00. Following the sale, the executive vice president now owns 26,319 shares in the company, valued at approximately $6,632,388. This trade represents a 19.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.28% of the stock is currently owned by corporate insiders.

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.