Bank Julius Baer & Co. Ltd Zurich trimmed its position in Union Pacific Corporation (NYSE:UNP – Free Report) by 62.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 20,549 shares of the railroad operator’s stock after selling 33,923 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Union Pacific were worth $4,774,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also modified their holdings of the company. Stephens Consulting LLC raised its stake in shares of Union Pacific by 48.4% in the fourth quarter. Stephens Consulting LLC now owns 135 shares of the railroad operator’s stock valued at $31,000 after purchasing an additional 44 shares in the last quarter. Prestige Wealth Management Group LLC raised its stake in shares of Union Pacific by 1.4% in the third quarter. Prestige Wealth Management Group LLC now owns 3,186 shares of the railroad operator’s stock valued at $753,000 after purchasing an additional 45 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in shares of Union Pacific by 0.9% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 4,988 shares of the railroad operator’s stock valued at $1,154,000 after purchasing an additional 45 shares in the last quarter. Keebeck Wealth Management raised its stake in shares of Union Pacific by 1.7% in the third quarter. Keebeck Wealth Management now owns 2,691 shares of the railroad operator’s stock valued at $636,000 after purchasing an additional 45 shares in the last quarter. Finally, CFO4Life Group LLC raised its stake in shares of Union Pacific by 1.2% in the third quarter. CFO4Life Group LLC now owns 3,754 shares of the railroad operator’s stock valued at $887,000 after purchasing an additional 46 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.
Union Pacific Stock Performance
Shares of NYSE:UNP opened at $270.58 on Friday. The business’s fifty day moving average price is $252.29 and its two-hundred day moving average price is $242.06. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.92 and a quick ratio of 0.73. The stock has a market capitalization of $160.65 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 2.86 and a beta of 0.99. Union Pacific Corporation has a fifty-two week low of $210.84 and a fifty-two week high of $274.79.
Union Pacific Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, May 29th. Union Pacific’s dividend payout ratio is presently 45.47%.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the company. Susquehanna reiterated a “buy” rating on shares of Union Pacific in a research report on Monday, January 19th. Wells Fargo & Company reiterated an “overweight” rating and issued a $300.00 price target (up from $260.00) on shares of Union Pacific in a research report on Friday, April 24th. BMO Capital Markets reiterated a “market perform” rating and issued a $285.00 price target (up from $278.00) on shares of Union Pacific in a research report on Friday, April 24th. Sanford C. Bernstein upped their price target on Union Pacific from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Tuesday, March 31st. Finally, Evercore reiterated an “outperform” rating and issued a $277.00 price target on shares of Union Pacific in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Union Pacific has a consensus rating of “Moderate Buy” and an average price target of $280.47.
Read Our Latest Analysis on Union Pacific
Insider Transactions at Union Pacific
In other news, CFO Jennifer L. Hamann sold 2,000 shares of the stock in a transaction on Friday, April 24th. The stock was sold at an average price of $274.70, for a total transaction of $549,400.00. Following the sale, the chief financial officer owned 114,642 shares in the company, valued at approximately $31,492,157.40. This represents a 1.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Eric J. Gehringer sold 1,999 shares of the stock in a transaction on Friday, March 20th. The stock was sold at an average price of $234.93, for a total value of $469,625.07. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 31,386 shares of company stock worth $8,461,716. Insiders own 0.22% of the company’s stock.
Union Pacific Company Profile
Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.
Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.
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