Hardy Reed LLC Sells 4,189 Shares of Union Pacific Corporation $UNP

Hardy Reed LLC lowered its stake in shares of Union Pacific Corporation (NYSE:UNP) by 67.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,023 shares of the railroad operator’s stock after selling 4,189 shares during the period. Hardy Reed LLC’s holdings in Union Pacific were worth $468,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UNP. Rachor Investment Advisory Services LLC acquired a new stake in shares of Union Pacific during the fourth quarter worth about $25,000. Tucker Asset Management LLC acquired a new stake in shares of Union Pacific during the fourth quarter worth about $25,000. High Point Wealth Management LLC acquired a new stake in shares of Union Pacific during the fourth quarter worth about $26,000. Caitlin John LLC acquired a new stake in shares of Union Pacific during the third quarter worth about $27,000. Finally, Saranac Partners Ltd acquired a new stake in shares of Union Pacific during the third quarter worth about $27,000. Institutional investors own 80.38% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on UNP shares. Barclays reaffirmed an “overweight” rating and set a $315.00 price target (up from $285.00) on shares of Union Pacific in a research report on Friday, April 24th. Sanford C. Bernstein raised their price target on Union Pacific from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. Robert W. Baird set a $311.00 price target on Union Pacific and gave the stock an “outperform” rating in a research report on Friday, March 6th. Evercore reaffirmed an “outperform” rating and set a $277.00 price target on shares of Union Pacific in a research report on Friday, April 24th. Finally, Weiss Ratings raised Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $280.47.

Insider Activity at Union Pacific

In related news, EVP Kenyatta G. Rocker sold 27,387 shares of Union Pacific stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $271.76, for a total value of $7,442,691.12. Following the sale, the executive vice president owned 61,102 shares of the company’s stock, valued at approximately $16,605,079.52. This trade represents a 30.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Eric J. Gehringer sold 1,999 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $234.93, for a total value of $469,625.07. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 31,386 shares of company stock valued at $8,461,716. 0.22% of the stock is owned by insiders.

Union Pacific Stock Down 1.4%

Shares of Union Pacific stock opened at $271.30 on Wednesday. The business’s 50 day simple moving average is $252.93 and its 200 day simple moving average is $243.02. Union Pacific Corporation has a 52-week low of $210.84 and a 52-week high of $276.40. The firm has a market cap of $161.07 billion, a PE ratio of 22.35, a P/E/G ratio of 2.92 and a beta of 0.99. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.73 and a current ratio of 0.92.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.07. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.The business had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.12 billion. During the same quarter last year, the firm earned $2.70 EPS. Union Pacific’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, analysts predict that Union Pacific Corporation will post 12.53 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, May 29th. Union Pacific’s dividend payout ratio (DPR) is currently 45.47%.

Union Pacific Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.