Obermeyer Wealth Partners Trims Holdings in Union Pacific Co. (NYSE:UNP)

Obermeyer Wealth Partners lowered its stake in shares of Union Pacific Co. (NYSE:UNP) by 88.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,396 shares of the railroad operator’s stock after selling 94,662 shares during the quarter. Obermeyer Wealth Partners’ holdings in Union Pacific were worth $2,827,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Fiduciary Trust Co raised its holdings in Union Pacific by 2.8% during the 4th quarter. Fiduciary Trust Co now owns 102,213 shares of the railroad operator’s stock worth $23,309,000 after buying an additional 2,807 shares during the period. abrdn plc grew its position in Union Pacific by 9.3% during the fourth 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 in the last quarter. Border to Coast Pensions Partnership Ltd lifted its position in Union Pacific by 24.2% in the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 277,267 shares of the railroad operator’s stock worth $63,185,000 after purchasing an additional 53,946 shares during the period. Pinnbrook Capital Management LP acquired a new position in Union Pacific in the fourth quarter worth about $3,954,000. Finally, Traveka Wealth LLC increased its position in shares of Union Pacific by 236.6% during the 4th quarter. Traveka Wealth LLC now owns 4,567 shares of the railroad operator’s stock worth $1,041,000 after purchasing an additional 3,210 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

Union Pacific Trading Up 6.7%

Union Pacific stock opened at $230.91 on Tuesday. The stock has a market capitalization of $137.96 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07. Union Pacific Co. has a one year low of $204.66 and a one year high of $258.07. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.77 and a quick ratio of 0.62. The business’s fifty day moving average is $225.41 and its 200 day moving average is $233.76.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, April 24th. The railroad operator reported $2.70 EPS for the quarter, missing analysts’ consensus estimates of $2.73 by ($0.03). Union Pacific had a return on equity of 41.12% and a net margin of 27.82%. The firm had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.11 billion. During the same quarter in the previous year, the business posted $2.69 EPS. Union Pacific’s revenue was down .1% on a year-over-year basis. On average, sell-side analysts predict that Union Pacific Co. will post 11.99 EPS for the current year.

Union Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Friday, May 30th. Union Pacific’s payout ratio is 48.29%.

Analyst Ratings Changes

A number of research firms have commented on UNP. Citigroup raised shares of Union Pacific from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $260.00 to $244.00 in a report on Tuesday, April 8th. Susquehanna dropped their price objective on shares of Union Pacific from $255.00 to $245.00 and set a “neutral” rating on the stock in a research report on Friday, April 25th. Guggenheim boosted their price target on Union Pacific from $266.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, January 24th. TD Cowen boosted their price target on Union Pacific from $245.00 to $258.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, Jefferies Financial Group reduced their price objective on shares of Union Pacific from $255.00 to $230.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $257.86.

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.