Reaves W H & Co. Inc. Cuts Stock Position in Union Pacific Corporation $UNP

Reaves W H & Co. Inc. trimmed its position in Union Pacific Corporation (NYSE:UNP) by 37.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 188,538 shares of the railroad operator’s stock after selling 112,099 shares during the period. Reaves W H & Co. Inc.’s holdings in Union Pacific were worth $44,565,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Howard Hughes Medical Institute acquired a new position in shares of Union Pacific during the second quarter worth about $30,000. Total Investment Management Inc. purchased a new stake in Union Pacific in the 2nd quarter valued at approximately $31,000. Financial Gravity Companies Inc. acquired a new position in Union Pacific during the 2nd quarter worth approximately $31,000. Access Investment Management LLC acquired a new position in Union Pacific during the 2nd quarter worth approximately $32,000. Finally, Sagard Holdings Management Inc. purchased a new position in shares of Union Pacific during the 2nd quarter worth approximately $33,000. 80.38% of the stock is owned by institutional investors and hedge funds.

Union Pacific Trading Up 0.7%

NYSE:UNP opened at $254.46 on Tuesday. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $254.94. The company has a quick ratio of 0.60, a current ratio of 0.91 and a debt-to-equity ratio of 1.64. The stock has a fifty day simple moving average of $234.32 and a 200-day simple moving average of $227.64. The company has a market capitalization of $150.94 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 2.75 and a beta of 0.98.

Union Pacific (NYSE:UNP) last posted its 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 business had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.15 billion. Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. The business’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $2.91 earnings per share. On average, equities research analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, February 27th. Union Pacific’s payout ratio is currently 46.12%.

Analysts Set New Price Targets

UNP has been the topic of a number of analyst reports. Citigroup restated a “buy” rating and issued a $270.00 price target (up from $265.00) on shares of Union Pacific in a research note on Wednesday, January 28th. Susquehanna reissued a “buy” rating on shares of Union Pacific in a report on Monday, January 19th. Deutsche Bank Aktiengesellschaft set a $245.00 target price on shares of Union Pacific in a research report on Thursday, December 11th. Weiss Ratings upgraded shares of Union Pacific from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Finally, BMO Capital Markets set a $255.00 price objective on shares of Union Pacific in a report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $258.32.

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.