Klingenstein Fields & Co. LP Sells 422 Shares of Union Pacific Co. (NYSE:UNP)

Klingenstein Fields & Co. LP lowered its position in shares of Union Pacific Co. (NYSE:UNP) by 0.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 274,775 shares of the railroad operator’s stock after selling 422 shares during the quarter. Union Pacific accounts for approximately 2.5% of Klingenstein Fields & Co. LP’s investment portfolio, making the stock its 11th biggest holding. Klingenstein Fields & Co. LP’s holdings in Union Pacific were worth $62,660,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. State Street Corp raised its holdings in shares of Union Pacific by 0.9% in the 3rd quarter. State Street Corp now owns 24,788,337 shares of the railroad operator’s stock worth $6,109,829,000 after purchasing an additional 217,780 shares during the period. Geode Capital Management LLC grew its stake in Union Pacific by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 12,813,686 shares of the railroad operator’s stock valued at $3,146,451,000 after buying an additional 182,620 shares in the last quarter. Franklin Resources Inc. grew its stake in Union Pacific by 9.3% in the 3rd quarter. Franklin Resources Inc. now owns 7,322,450 shares of the railroad operator’s stock valued at $1,795,993,000 after buying an additional 625,492 shares in the last quarter. Fisher Asset Management LLC grew its stake in Union Pacific by 2.3% in the 3rd quarter. Fisher Asset Management LLC now owns 6,285,585 shares of the railroad operator’s stock valued at $1,549,271,000 after buying an additional 143,896 shares in the last quarter. Finally, FMR LLC grew its stake in Union Pacific by 0.6% in the 3rd quarter. FMR LLC now owns 5,020,107 shares of the railroad operator’s stock valued at $1,237,356,000 after buying an additional 31,899 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on UNP shares. Loop Capital lowered shares of Union Pacific from a “hold” rating to a “sell” rating and reduced their price objective for the company from $265.00 to $200.00 in a research note on Monday, February 3rd. Susquehanna reduced their price target on shares of Union Pacific from $260.00 to $255.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. JPMorgan Chase & Co. reduced their price target on shares of Union Pacific from $263.00 to $252.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Raymond James reiterated a “strong-buy” rating and issued a $285.00 target price (up from $265.00) on shares of Union Pacific in a research report on Friday, January 24th. Finally, TD Cowen boosted their price target on shares of Union Pacific from $245.00 to $258.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $261.40.

Insiders Place Their Bets

In other news, EVP Craig V. Richardson sold 6,495 shares of the firm’s stock in a transaction 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 directly owns 26,319 shares in the company, valued at $6,632,388. This trade represents a 19.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Elizabeth F. Whited sold 7,500 shares of the firm’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $250.00, for a total transaction of $1,875,000.00. Following the sale, the president now owns 64,960 shares in the company, valued at $16,240,000. The trade was a 10.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.

Union Pacific Trading Up 1.0 %

NYSE:UNP opened at $250.96 on Friday. The company’s 50 day moving average price is $235.70 and its 200-day moving average price is $240.36. Union Pacific Co. has a 52 week low of $218.55 and a 52 week high of $258.66. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.76. The stock has a market cap of $152.15 billion, a price-to-earnings ratio of 22.63, a PEG ratio of 2.11 and a beta of 1.06.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.76 by $0.15. Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. During the same period in the prior year, the firm earned $2.71 EPS. On average, equities research analysts forecast that Union Pacific Co. will post 12.01 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a $1.34 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.36 annualized dividend and a yield of 2.14%. Union Pacific’s payout ratio is presently 48.33%.

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.