Union Pacific Co. (NYSE:UNP) Stock Holdings Cut by Spire Wealth Management

Spire Wealth Management lessened its position in Union Pacific Co. (NYSE:UNP) by 73.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,493 shares of the railroad operator’s stock after selling 17,975 shares during the period. Spire Wealth Management’s holdings in Union Pacific were worth $1,554,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Wellington Management Group LLP boosted its stake in shares of Union Pacific by 0.3% during the 3rd quarter. Wellington Management Group LLP now owns 7,261,449 shares of the railroad operator’s stock worth $1,478,649,000 after acquiring an additional 19,145 shares in the last quarter. Northern Trust Corp boosted its position in shares of Union Pacific by 4.4% in the 3rd quarter. Northern Trust Corp now owns 6,803,796 shares of the railroad operator’s stock valued at $1,385,457,000 after purchasing an additional 285,988 shares during the period. Fisher Asset Management LLC increased its stake in Union Pacific by 2.2% in the 4th quarter. Fisher Asset Management LLC now owns 5,867,842 shares of the railroad operator’s stock worth $1,441,260,000 after purchasing an additional 125,522 shares in the last quarter. FMR LLC raised its holdings in Union Pacific by 62.8% during the 3rd quarter. FMR LLC now owns 5,496,708 shares of the railroad operator’s stock worth $1,119,295,000 after buying an additional 2,119,382 shares during the period. Finally, Invesco Ltd. lifted its stake in Union Pacific by 18.8% during the third quarter. Invesco Ltd. now owns 5,003,423 shares of the railroad operator’s stock valued at $1,018,847,000 after buying an additional 792,896 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on UNP. Morgan Stanley upped their price target on Union Pacific from $198.00 to $210.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Jefferies Financial Group initiated coverage on shares of Union Pacific in a report on Monday, April 8th. They set a “hold” rating and a $250.00 price target for the company. JPMorgan Chase & Co. boosted their price objective on shares of Union Pacific from $237.00 to $243.00 and gave the company a “neutral” rating in a research report on Tuesday, April 9th. Stifel Nicolaus upgraded shares of Union Pacific from a “hold” rating to a “buy” rating and increased their target price for the stock from $248.00 to $267.00 in a research report on Friday, May 3rd. Finally, Sanford C. Bernstein raised shares of Union Pacific from a “market perform” rating to an “outperform” rating and set a $280.00 price target on the stock in a research note on Monday, January 22nd. Six investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $259.61.

Union Pacific Trading Up 1.3 %

Shares of UNP stock opened at $242.38 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.76 and a debt-to-equity ratio of 1.99. Union Pacific Co. has a 1 year low of $190.71 and a 1 year high of $258.66. The firm’s fifty day simple moving average is $242.47 and its 200 day simple moving average is $236.79. The firm has a market capitalization of $147.88 billion, a P/E ratio of 23.14, a price-to-earnings-growth ratio of 2.55 and a beta of 1.06.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, April 25th. The railroad operator reported $2.69 EPS for the quarter, beating the consensus estimate of $2.50 by $0.19. Union Pacific had a return on equity of 44.34% and a net margin of 26.52%. The firm had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $5.97 billion. During the same quarter in the prior year, the firm posted $2.67 EPS. The company’s revenue for the quarter was down .4% on a year-over-year basis. As a group, sell-side analysts predict that Union Pacific Co. will post 11.21 EPS for the current year.

Union Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, February 29th were paid a $1.30 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $5.20 dividend on an annualized basis and a yield of 2.15%. Union Pacific’s payout ratio is currently 49.62%.

Insider Buying and Selling

In other Union Pacific news, President Elizabeth F. Whited sold 3,750 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $250.00, for a total value of $937,500.00. Following the sale, the president now directly owns 56,682 shares in the company, valued at $14,170,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.26% of the company’s stock.

About Union Pacific

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.