Union Pacific Co. (NYSE:UNP) Shares Sold by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC cut its stake in Union Pacific Co. (NYSE:UNP) by 1.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,372 shares of the railroad operator’s stock after selling 120 shares during the period. Oliver Luxxe Assets LLC’s holdings in Union Pacific were worth $1,909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Private Advisor Group LLC grew its holdings in shares of Union Pacific by 4.3% in the second quarter. Private Advisor Group LLC now owns 40,186 shares of the railroad operator’s stock valued at $9,092,000 after purchasing an additional 1,645 shares during the period. Wakefield Asset Management LLLP purchased a new stake in shares of Union Pacific in the 2nd quarter valued at approximately $301,000. Strategic Financial Concepts LLC acquired a new stake in shares of Union Pacific during the 2nd quarter worth approximately $12,807,000. Chris Bulman Inc purchased a new stake in shares of Union Pacific during the 2nd quarter valued at approximately $500,000. Finally, Acadian Asset Management LLC lifted its holdings in Union Pacific by 116.3% in the second quarter. Acadian Asset Management LLC now owns 19,552 shares of the railroad operator’s stock valued at $4,421,000 after acquiring an additional 10,511 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Down 1.0 %

Shares of UNP stock traded down $2.42 on Monday, reaching $229.08. 1,163,240 shares of the stock were exchanged, compared to its average volume of 2,087,258. Union Pacific Co. has a twelve month low of $218.55 and a twelve month high of $258.66. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79. The company has a market capitalization of $138.88 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 2.33 and a beta of 1.05. The business’s 50 day moving average price is $234.90 and its 200 day moving average price is $238.67.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing the consensus estimate of $2.78 by ($0.03). The business had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. Union Pacific’s revenue was up 2.5% on a year-over-year basis. During the same period last year, the business posted $2.51 EPS. As a group, sell-side analysts expect that Union Pacific Co. will post 10.94 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were issued a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend was Monday, December 9th. Union Pacific’s payout ratio is 49.22%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Royal Bank of Canada reduced their target price on Union Pacific from $288.00 to $283.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Benchmark reaffirmed a “buy” rating and issued a $266.00 target price on shares of Union Pacific in a research report on Friday, October 25th. Barclays increased their target price on shares of Union Pacific from $275.00 to $285.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. TD Cowen reduced their price target on shares of Union Pacific from $255.00 to $252.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Finally, Bank of America dropped their target price on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Nine investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $259.80.

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.