Cary Street Partners Investment Advisory LLC Sells 4,618 Shares of Union Pacific Co. (NYSE:UNP)

Cary Street Partners Investment Advisory LLC trimmed its position in Union Pacific Co. (NYSE:UNP) by 58.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,266 shares of the railroad operator’s stock after selling 4,618 shares during the quarter. Cary Street Partners Investment Advisory LLC’s holdings in Union Pacific were worth $823,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of UNP. Brookstone Capital Management raised its holdings in shares of Union Pacific by 14.9% in the 3rd quarter. Brookstone Capital Management now owns 15,498 shares of the railroad operator’s stock valued at $3,260,000 after purchasing an additional 2,007 shares during the period. Vicus Capital grew its stake in Union Pacific by 141.4% in the 3rd quarter. Vicus Capital now owns 2,672 shares of the railroad operator’s stock valued at $544,000 after buying an additional 1,565 shares during the last quarter. Hexagon Capital Partners LLC grew its stake in Union Pacific by 48.6% in the 3rd quarter. Hexagon Capital Partners LLC now owns 309 shares of the railroad operator’s stock valued at $63,000 after buying an additional 101 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new position in Union Pacific in the 3rd quarter valued at about $296,000. Finally, Robeco Institutional Asset Management B.V. grew its stake in Union Pacific by 10.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 63,947 shares of the railroad operator’s stock valued at $13,022,000 after buying an additional 6,071 shares during the last quarter. 80.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. StockNews.com upgraded shares of Union Pacific from a “hold” rating to a “buy” rating in a research note on Friday, April 26th. Raymond James reiterated a “strong-buy” rating and issued a $280.00 price target (up previously from $275.00) on shares of Union Pacific in a research note on Friday, April 26th. Royal Bank of Canada decreased their price target on shares of Union Pacific from $282.00 to $272.00 and set an “outperform” rating on the stock in a research note on Friday, January 26th. Jefferies Financial Group initiated coverage on shares of Union Pacific in a research note on Monday, April 8th. They issued a “hold” rating and a $250.00 price target on the stock. Finally, UBS Group increased their target price on shares of Union Pacific from $235.00 to $248.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $258.78.

Insider Activity at Union Pacific

In related news, President Elizabeth F. Whited sold 3,750 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $250.00, for a total value of $937,500.00. Following the completion of the transaction, the president now owns 56,682 shares of the company’s stock, valued at approximately $14,170,500. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.26% of the stock is owned by insiders.

Union Pacific Stock Performance

NYSE UNP opened at $237.13 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. The firm has a market capitalization of $144.68 billion, a price-to-earnings ratio of 22.63, a P/E/G ratio of 2.57 and a beta of 1.07. The firm’s 50 day simple moving average is $243.95 and its 200 day simple moving average is $235.77. Union Pacific Co. has a 1 year low of $190.71 and a 1 year high of $258.66.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, April 25th. The railroad operator reported $2.69 EPS for the quarter, beating the consensus estimate of $2.50 by $0.19. The business had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $5.97 billion. Union Pacific had a net margin of 26.52% and a return on equity of 44.34%. The firm’s revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.67 EPS. As a group, research analysts expect that Union Pacific Co. will post 11.17 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, February 29th were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.19%. The ex-dividend date was Wednesday, February 28th. Union Pacific’s payout ratio is 49.62%.

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.