SVB Wealth LLC Sells 2,975 Shares of Union Pacific Corporation $UNP

SVB Wealth LLC cut its stake in Union Pacific Corporation (NYSE:UNP) by 7.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,021 shares of the railroad operator’s stock after selling 2,975 shares during the period. SVB Wealth LLC’s holdings in Union Pacific were worth $8,987,000 as of its most recent filing with the Securities and Exchange Commission.

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

Union Pacific Trading Up 0.7%

NYSE:UNP opened at $254.46 on Tuesday. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.91 and a quick ratio of 0.60. The business’s 50-day simple moving average is $234.32 and its 200-day simple moving average is $227.64. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $254.94. The stock 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 released 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 during the quarter, compared to analyst estimates of $6.15 billion. Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company earned $2.91 EPS. Sell-side analysts expect 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 will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be paid a $1.38 dividend. The ex-dividend date is Friday, February 27th. This represents a $5.52 annualized dividend and a yield of 2.2%. Union Pacific’s payout ratio is presently 46.12%.

Wall Street Analyst Weigh In

UNP has been the topic of several analyst reports. Barclays restated an “overweight” rating and issued a $285.00 price objective (up from $270.00) on shares of Union Pacific in a report on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft set a $245.00 price target on Union Pacific in a research report on Thursday, December 11th. Susquehanna reiterated a “buy” rating on shares of Union Pacific in a report on Monday, January 19th. TD Cowen decreased their target price on Union Pacific from $257.00 to $255.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a research note on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Union Pacific has an average rating of “Moderate Buy” and a consensus target price of $258.32.

About Union Pacific

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.