44 Wealth Management LLC Sells 414 Shares of Union Pacific Co. (NYSE:UNP)

44 Wealth Management LLC cut its holdings in Union Pacific Co. (NYSE:UNP) by 3.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 11,719 shares of the railroad operator’s stock after selling 414 shares during the quarter. Union Pacific makes up approximately 1.0% of 44 Wealth Management LLC’s investment portfolio, making the stock its 21st biggest position. 44 Wealth Management LLC’s holdings in Union Pacific were worth $2,672,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. World Investment Advisors LLC grew its position in shares of Union Pacific by 103.1% in the 3rd quarter. World Investment Advisors LLC now owns 35,581 shares of the railroad operator’s stock worth $8,770,000 after buying an additional 18,060 shares during the period. abrdn plc grew its position in shares of Union Pacific by 9.3% in the 4th quarter. abrdn plc now owns 415,874 shares of the railroad operator’s stock worth $94,588,000 after buying an additional 35,414 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Union Pacific by 2.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 179,925 shares of the railroad operator’s stock worth $44,348,000 after buying an additional 4,939 shares during the period. Border to Coast Pensions Partnership Ltd grew its position in Union Pacific by 24.2% during the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 277,267 shares of the railroad operator’s stock valued at $63,185,000 after purchasing an additional 53,946 shares during the last quarter. Finally, Pensionfund Sabic grew its position in Union Pacific by 61.5% during the 4th quarter. Pensionfund Sabic now owns 10,500 shares of the railroad operator’s stock valued at $2,394,000 after purchasing an additional 4,000 shares during the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Price Performance

Shares of NYSE:UNP opened at $245.43 on Friday. The firm’s 50 day moving average price is $237.68 and its 200-day moving average price is $240.69. Union Pacific Co. has a twelve month low of $218.55 and a twelve month high of $258.66. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 1.76. The stock has a market capitalization of $148.31 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 2.15 and a beta of 1.06.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data 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 previous year, the firm posted $2.71 EPS. Equities research analysts expect that Union Pacific Co. will post 11.99 EPS for the current year.

Union Pacific Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Friday, February 28th. Union Pacific’s dividend payout ratio is 48.33%.

Insider Buying and Selling

In related news, President Elizabeth F. Whited sold 7,500 shares of the stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $250.00, for a total value of $1,875,000.00. Following the completion of the sale, the president now directly owns 64,960 shares of the company’s stock, valued at approximately $16,240,000. This represents a 10.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Craig V. Richardson sold 6,495 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $252.00, for a total transaction of $1,636,740.00. Following the completion of the sale, the executive vice president now directly owns 26,319 shares of the company’s stock, valued at $6,632,388. This represents a 19.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on UNP shares. Robert W. Baird increased their price objective on shares of Union Pacific from $260.00 to $265.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Raymond James reissued a “strong-buy” rating and set a $285.00 price objective (up from $265.00) on shares of Union Pacific in a research report on Friday, January 24th. Susquehanna cut their price objective on shares of Union Pacific from $260.00 to $255.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. cut their price objective on shares of Union Pacific from $263.00 to $252.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Finally, Wells Fargo & Company cut their price objective on shares of Union Pacific from $267.00 to $265.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $261.40.

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.