Union Pacific Co. (NYSE:UNP) Stock Position Reduced by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its stake in shares of Union Pacific Co. (NYSE:UNP) by 35.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 41,676 shares of the railroad operator’s stock after selling 22,924 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Union Pacific were worth $10,237,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sunburst Financial Group LLC grew its position in Union Pacific by 1.8% during the fourth quarter. Sunburst Financial Group LLC now owns 2,393 shares of the railroad operator’s stock valued at $588,000 after purchasing an additional 42 shares in the last quarter. Sunflower Bank N.A. grew its position in Union Pacific by 0.8% in the fourth quarter. Sunflower Bank N.A. now owns 5,573 shares of the railroad operator’s stock worth $1,369,000 after acquiring an additional 43 shares in the last quarter. Obsidian Personal Planning Solutions LLC grew its position in Union Pacific by 1.9% in the third quarter. Obsidian Personal Planning Solutions LLC now owns 2,416 shares of the railroad operator’s stock worth $492,000 after acquiring an additional 45 shares in the last quarter. Smith Chas P & Associates PA Cpas grew its position in Union Pacific by 3.7% in the third quarter. Smith Chas P & Associates PA Cpas now owns 1,384 shares of the railroad operator’s stock worth $282,000 after acquiring an additional 49 shares in the last quarter. Finally, McLean Asset Management Corp grew its position in Union Pacific by 2.4% in the third quarter. McLean Asset Management Corp now owns 2,165 shares of the railroad operator’s stock worth $447,000 after acquiring an additional 50 shares in the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Susquehanna boosted their target price on shares of Union Pacific from $245.00 to $255.00 and gave the stock a “neutral” rating in a research report on Thursday, March 28th. Royal Bank of Canada decreased their target price on shares of Union Pacific from $282.00 to $272.00 and set an “outperform” rating for the company in a research report on Friday, January 26th. Jefferies Financial Group assumed coverage on shares of Union Pacific in a research report on Monday, April 8th. They issued a “hold” rating and a $250.00 target price for the company. The Goldman Sachs Group boosted their target price on shares of Union Pacific from $248.00 to $274.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Finally, Benchmark boosted their price objective on shares of Union Pacific from $260.00 to $266.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Eight equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Union Pacific currently has a consensus rating of “Moderate Buy” and a consensus target price of $253.48.

Insider Transactions at Union Pacific

In other news, President Elizabeth F. Whited sold 3,750 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $250.00, for a total transaction of $937,500.00. Following the completion of the transaction, the president now directly owns 56,682 shares of the company’s stock, valued at approximately $14,170,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is owned by insiders.

Union Pacific Price Performance

Shares of Union Pacific stock opened at $231.29 on Wednesday. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.81 and a quick ratio of 0.67. Union Pacific Co. has a fifty-two week low of $190.37 and a fifty-two week high of $258.66. The firm has a fifty day moving average price of $246.42 and a two-hundred day moving average price of $233.58. The company has a market cap of $141.11 billion, a PE ratio of 22.11, a price-to-earnings-growth ratio of 2.54 and a beta of 1.07.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, January 25th. The railroad operator reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.56 by $0.15. Union Pacific had a net margin of 26.45% and a return on equity of 46.87%. The firm had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.05 billion. During the same period in the prior year, the firm earned $2.67 EPS. The business’s revenue was down .3% on a year-over-year basis. Analysts expect that Union Pacific Co. will post 11 EPS for the current year.

Union Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 29th were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend was Wednesday, February 28th. Union Pacific’s dividend payout ratio (DPR) is presently 49.71%.

Union Pacific Company 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.