SVB Wealth LLC Has $8.19 Million Holdings in Union Pacific Corporation $UNP

SVB Wealth LLC lessened its position in Union Pacific Corporation (NYSE:UNP) by 11.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,750 shares of the railroad operator’s stock after selling 4,530 shares during the quarter. SVB Wealth LLC’s holdings in Union Pacific were worth $8,189,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of UNP. Acadian Asset Management LLC increased its stake in shares of Union Pacific by 40.4% in the first quarter. Acadian Asset Management LLC now owns 2,312 shares of the railroad operator’s stock worth $546,000 after purchasing an additional 665 shares during the period. Schnieders Capital Management LLC. boosted its stake in Union Pacific by 0.5% during the 2nd quarter. Schnieders Capital Management LLC. now owns 20,606 shares of the railroad operator’s stock valued at $4,741,000 after purchasing an additional 102 shares during the period. Main Street Financial Solutions LLC grew its holdings in Union Pacific by 1.6% in the 2nd quarter. Main Street Financial Solutions LLC now owns 3,733 shares of the railroad operator’s stock valued at $859,000 after buying an additional 58 shares during the last quarter. HUB Investment Partners LLC grew its holdings in Union Pacific by 10.0% in the 2nd quarter. HUB Investment Partners LLC now owns 6,091 shares of the railroad operator’s stock valued at $1,401,000 after buying an additional 554 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in Union Pacific by 7.4% in the 2nd quarter. Alliancebernstein L.P. now owns 1,528,426 shares of the railroad operator’s stock valued at $351,660,000 after buying an additional 105,664 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Trading Up 1.2%

Shares of UNP opened at $260.01 on Tuesday. The stock’s 50-day moving average price is $263.97 and its 200 day moving average price is $250.12. The company has a quick ratio of 0.73, a current ratio of 0.92 and a debt-to-equity ratio of 1.53. The firm has a market capitalization of $154.37 billion, a price-to-earnings ratio of 21.42, a P/E/G ratio of 2.72 and a beta of 0.97. Union Pacific Corporation has a 12-month low of $210.84 and a 12-month high of $279.70.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.93 EPS for the quarter, topping 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 company had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.12 billion. During the same quarter last year, the company earned $2.70 EPS. The company’s quarterly revenue was up 3.2% on a year-over-year basis. As a group, research analysts predict that Union Pacific Corporation will post 12.55 earnings per share for the current year.

Union Pacific Announces Dividend

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 paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, May 29th. Union Pacific’s dividend payout ratio is presently 45.47%.

Insider Activity at Union Pacific

In related news, CFO Jennifer L. Hamann sold 2,000 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $274.70, for a total value of $549,400.00. Following the completion of the transaction, the chief financial officer directly owned 114,642 shares of the company’s stock, valued at $31,492,157.40. This trade represents a 1.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Eric J. Gehringer sold 2,991 shares of Union Pacific stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total transaction of $789,504.36. Following the sale, the executive vice president owned 43,012 shares in the company, valued at $11,353,447.52. This represents a 6.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 32,378 shares of company stock worth $8,781,595. 0.22% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on UNP. JPMorgan Chase & Co. upped their price target on Union Pacific from $267.00 to $275.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Raymond James Financial set a $310.00 price objective on shares of Union Pacific in a research note on Friday, April 24th. Citigroup reaffirmed a “buy” rating and set a $307.00 target price (up from $285.00) on shares of Union Pacific in a research report 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, Weiss Ratings raised shares of Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Union Pacific currently has a consensus rating of “Moderate Buy” and a consensus target price of $282.21.

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.