Meridian Wealth Management LLC reduced its position in Union Pacific Corporation (NYSE:UNP – Free Report) by 21.0% during the fourth quarter, HoldingsChannel reports. The firm owned 29,575 shares of the railroad operator’s stock after selling 7,869 shares during the period. Meridian Wealth Management LLC’s holdings in Union Pacific were worth $6,841,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. HighPoint Advisor Group LLC lifted its stake in Union Pacific by 1.0% in the fourth quarter. HighPoint Advisor Group LLC now owns 18,839 shares of the railroad operator’s stock valued at $4,358,000 after buying an additional 190 shares during the period. ABC Arbitrage SA bought a new stake in Union Pacific in the 4th quarter valued at about $585,000. Raelipskie Partnership increased its position in Union Pacific by 8.7% in the 4th quarter. Raelipskie Partnership now owns 5,010 shares of the railroad operator’s stock valued at $1,159,000 after buying an additional 400 shares in the last quarter. Trek Financial LLC raised its stake in Union Pacific by 18.4% during the 4th quarter. Trek Financial LLC now owns 7,003 shares of the railroad operator’s stock worth $1,620,000 after buying an additional 1,087 shares during the period. Finally, AG2R LA Mondiale Gestion D Actifs boosted its holdings in Union Pacific by 6.2% in the fourth quarter. AG2R LA Mondiale Gestion D Actifs now owns 23,877 shares of the railroad operator’s stock worth $5,523,000 after acquiring an additional 1,403 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.
Union Pacific Trading Down 0.4%
Shares of Union Pacific stock opened at $263.69 on Tuesday. The stock has a fifty day simple moving average of $252.16 and a 200 day simple moving average of $240.89. Union Pacific Corporation has a 12-month low of $210.84 and a 12-month high of $274.79. The company has a market capitalization of $156.55 billion, a P/E ratio of 21.72, a price-to-earnings-growth ratio of 2.81 and a beta of 0.99. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.53.
Analyst Upgrades and Downgrades
UNP has been the subject of several recent research reports. Benchmark boosted their price objective on Union Pacific from $275.00 to $300.00 and gave the company a “buy” rating in a report on Friday, April 24th. Barclays reiterated an “overweight” rating and issued a $315.00 target price (up from $285.00) on shares of Union Pacific in a report on Friday, April 24th. Citigroup restated a “buy” rating and set a $307.00 price target (up from $285.00) on shares of Union Pacific in a research note on Friday, April 24th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $300.00 price objective (up from $260.00) on shares of Union Pacific in a research note on Friday, April 24th. Finally, Raymond James Financial set a $310.00 price objective on shares of Union Pacific in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $279.55.
View Our Latest Stock Report on Union Pacific
Insider Activity at Union Pacific
In other Union Pacific news, EVP Eric J. Gehringer sold 1,999 shares of the company’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $234.93, for a total value of $469,625.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jennifer L. Hamann sold 2,000 shares of the stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $274.70, for a total transaction of $549,400.00. Following the completion of the sale, the chief financial officer owned 114,642 shares of the company’s stock, valued at approximately $31,492,157.40. This trade represents a 1.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 31,386 shares of company stock valued at $8,461,716 over the last ninety days. Corporate insiders own 0.22% of the company’s stock.
Union Pacific 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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