B. Riley Wealth Advisors Inc. Lowers Stock Holdings in Union Pacific Co. (NYSE:UNP)

B. Riley Wealth Advisors Inc. cut its stake in shares of Union Pacific Co. (NYSE:UNPFree Report) by 20.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,373 shares of the railroad operator’s stock after selling 8,762 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Union Pacific were worth $8,443,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Union Pacific in the 4th quarter valued at approximately $1,832,127,000. Clearbridge Investments LLC raised its position in Union Pacific by 108.9% in the third quarter. Clearbridge Investments LLC now owns 4,128,575 shares of the railroad operator’s stock worth $840,702,000 after acquiring an additional 2,151,893 shares in the last quarter. FMR LLC lifted its holdings in Union Pacific by 62.8% in the third quarter. FMR LLC now owns 5,496,708 shares of the railroad operator’s stock valued at $1,119,295,000 after acquiring an additional 2,119,382 shares during the period. Capital Research Global Investors boosted its position in shares of Union Pacific by 23.1% during the 4th quarter. Capital Research Global Investors now owns 6,851,767 shares of the railroad operator’s stock worth $1,682,931,000 after purchasing an additional 1,285,144 shares in the last quarter. Finally, Winslow Capital Management LLC purchased a new stake in shares of Union Pacific during the 4th quarter worth $293,162,000. 80.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on UNP shares. Stifel Nicolaus raised shares of Union Pacific from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $248.00 to $267.00 in a report on Friday, May 3rd. Loop Capital cut Union Pacific from a “buy” rating to a “hold” rating and lowered their price target for the stock from $276.00 to $238.00 in a report on Monday. Benchmark raised their price objective on Union Pacific from $260.00 to $266.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. The Goldman Sachs Group boosted their target price on Union Pacific from $248.00 to $274.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Finally, Jefferies Financial Group began coverage on Union Pacific in a research note on Monday, April 8th. They set a “hold” rating and a $250.00 price target for the company. Seven equities research 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 company’s stock. According to MarketBeat.com, Union Pacific currently has a consensus rating of “Moderate Buy” and a consensus price target of $259.75.

Get Our Latest Stock Analysis on Union Pacific

Union Pacific Trading Down 0.3 %

UNP stock traded down $0.72 during midday trading on Monday, reaching $221.38. 2,943,196 shares of the company’s stock traded hands, compared to its average volume of 2,297,885. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.93 and a quick ratio of 0.76. Union Pacific Co. has a fifty-two week low of $199.06 and a fifty-two week high of $258.66. The business has a 50-day moving average price of $235.37 and a two-hundred day moving average price of $240.86. The company has a market capitalization of $135.07 billion, a P/E ratio of 21.12, a PEG ratio of 1.81 and a beta of 1.05.

Union Pacific (NYSE:UNPGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The railroad operator reported $2.69 earnings per share for the quarter, topping analysts’ consensus estimates of $2.50 by $0.19. The firm had revenue of $6.03 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the company earned $2.67 EPS. Equities research analysts forecast that Union Pacific Co. will post 11.25 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Friday, May 31st. Union Pacific’s dividend payout ratio (DPR) is presently 49.62%.

Union Pacific Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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