Alta Capital Management LLC Decreases Holdings in Union Pacific Corporation $UNP

Alta Capital Management LLC cut its stake in shares of Union Pacific Corporation (NYSE:UNP) by 6.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,843 shares of the railroad operator’s stock after selling 1,871 shares during the period. Alta Capital Management LLC’s holdings in Union Pacific were worth $6,209,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Rachor Investment Advisory Services LLC purchased a new stake in Union Pacific during the 4th quarter valued at $25,000. Tucker Asset Management LLC purchased a new stake in Union Pacific during the 4th quarter valued at $25,000. High Point Wealth Management LLC purchased a new stake in Union Pacific during the 4th quarter valued at $26,000. Caitlin John LLC purchased a new stake in Union Pacific during the 3rd quarter valued at $27,000. Finally, Saranac Partners Ltd purchased a new stake in Union Pacific during the 3rd quarter valued at $27,000. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Trading Up 1.6%

NYSE:UNP opened at $274.93 on Tuesday. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.92 and a quick ratio of 0.73. The firm has a market capitalization of $163.23 billion, a price-to-earnings ratio of 22.65, a price-to-earnings-growth ratio of 2.87 and a beta of 0.99. Union Pacific Corporation has a one year low of $210.84 and a one year high of $276.40. The business has a fifty day moving average price of $252.59 and a 200-day moving average price of $242.63.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.07. The company had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.12 billion. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. Union Pacific’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.70 EPS. Sell-side analysts forecast that Union Pacific Corporation will post 12.53 EPS for the current year.

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, May 29th. Union Pacific’s dividend payout ratio is 45.47%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on UNP shares. Citigroup reiterated a “buy” rating and set a $307.00 target price (up from $285.00) on shares of Union Pacific in a research note on Friday, April 24th. Weiss Ratings upgraded shares of Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, April 21st. UBS Group reiterated a “neutral” rating and set a $274.00 target price (up from $253.00) on shares of Union Pacific in a research note on Friday, April 24th. Evercore reiterated an “outperform” rating and set a $277.00 target price on shares of Union Pacific in a research note on Friday, April 24th. Finally, Sanford C. Bernstein boosted their target price on shares of Union Pacific from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $280.47.

Insider Buying and Selling at Union Pacific

In other Union Pacific news, EVP Eric J. Gehringer sold 1,999 shares of the stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $234.93, for a total transaction of $469,625.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kenyatta G. Rocker sold 27,387 shares of the stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $271.76, for a total transaction of $7,442,691.12. Following the transaction, the executive vice president directly owned 61,102 shares of the company’s stock, valued at $16,605,079.52. This trade represents a 30.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 31,386 shares of company stock valued at $8,461,716 in the last 90 days. Insiders own 0.22% of the company’s stock.

Union Pacific Company 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.