Envestnet Asset Management Inc. Sells 518,903 Shares of Union Pacific Corporation $UNP

Envestnet Asset Management Inc. lowered its holdings in Union Pacific Corporation (NYSE:UNP) by 23.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,705,572 shares of the railroad operator’s stock after selling 518,903 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.29% of Union Pacific worth $403,146,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new position in Union Pacific during the 2nd quarter valued at $1,856,340,000. Fisher Asset Management LLC boosted its stake in shares of Union Pacific by 0.7% during the 2nd quarter. Fisher Asset Management LLC now owns 6,398,715 shares of the railroad operator’s stock valued at $1,472,217,000 after purchasing an additional 46,436 shares in the last quarter. Amundi increased its position in shares of Union Pacific by 35.6% during the second quarter. Amundi now owns 4,782,577 shares of the railroad operator’s stock valued at $1,134,236,000 after buying an additional 1,255,231 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Union Pacific by 32.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,152,042 shares of the railroad operator’s stock worth $725,222,000 after buying an additional 778,411 shares in the last quarter. Finally, Laurel Wealth Advisors LLC lifted its holdings in Union Pacific by 22,618.2% in the second quarter. Laurel Wealth Advisors LLC now owns 2,624,636 shares of the railroad operator’s stock worth $603,876,000 after buying an additional 2,613,083 shares during the period. 80.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UNP has been the topic of a number of research analyst reports. Susquehanna reiterated a “buy” rating on shares of Union Pacific in a report on Monday, January 19th. Citigroup restated a “buy” rating and set a $270.00 price target (up from $265.00) on shares of Union Pacific in a research report on Wednesday, January 28th. TD Cowen reduced their price target on Union Pacific from $257.00 to $255.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. The Goldman Sachs Group reissued a “neutral” rating and set a $267.00 price objective on shares of Union Pacific in a research report on Tuesday, January 27th. Finally, Deutsche Bank Aktiengesellschaft set a $245.00 target price on shares of Union Pacific in a report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $258.32.

Union Pacific Trading Up 3.4%

Union Pacific stock opened at $249.78 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.60 and a debt-to-equity ratio of 1.64. The business’s fifty day simple moving average is $233.05 and its two-hundred day simple moving average is $227.08. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $253.20. The company has a market capitalization of $148.16 billion, a price-to-earnings ratio of 20.87, a price-to-earnings-growth ratio of 2.63 and a beta of 0.98.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share for the quarter, missing the consensus estimate of $2.92 by ($0.06). The company had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.15 billion. Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. Union Pacific’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.91 earnings per share. As a group, equities analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Friday, December 5th were issued a $1.38 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $5.52 annualized dividend and a yield of 2.2%. Union Pacific’s payout ratio is 46.12%.

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.