Ameriprise Financial Inc. Sells 1,650,513 Shares of Union Pacific Corporation $UNP

Ameriprise Financial Inc. lowered its stake in Union Pacific Corporation (NYSE:UNP) by 23.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,453,841 shares of the railroad operator’s stock after selling 1,650,513 shares during the period. Ameriprise Financial Inc. owned 0.92% of Union Pacific worth $1,289,159,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital World Investors lifted its stake in shares of Union Pacific by 193.3% in the 3rd quarter. Capital World Investors now owns 10,481,043 shares of the railroad operator’s stock valued at $2,477,404,000 after acquiring an additional 6,908,016 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Union Pacific by 72.7% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,177,002 shares of the railroad operator’s stock valued at $2,169,168,000 after acquiring an additional 3,861,636 shares in the last quarter. Capital Research Global Investors grew its position in Union Pacific by 95.0% during the 3rd quarter. Capital Research Global Investors now owns 8,713,196 shares of the railroad operator’s stock worth $2,059,538,000 after acquiring an additional 4,244,226 shares during the last quarter. Norges Bank acquired a new position in Union Pacific in the 2nd quarter worth about $1,856,340,000. Finally, Franklin Resources Inc. increased its holdings in Union Pacific by 18.9% in the 3rd quarter. Franklin Resources Inc. now owns 7,164,334 shares of the railroad operator’s stock worth $1,693,434,000 after purchasing an additional 1,139,926 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

UNP has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their price target on Union Pacific from $270.00 to $265.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 28th. Citigroup reaffirmed a “buy” rating and issued a $270.00 price objective (up from $265.00) on shares of Union Pacific in a research note on Wednesday, January 28th. BMO Capital Markets reiterated a “market perform” rating and issued a $295.00 price objective on shares of Union Pacific in a report on Thursday, February 19th. TD Cowen cut their target price on shares of Union Pacific from $257.00 to $255.00 and set a “buy” rating on the stock in a research report on Wednesday, January 28th. Finally, Robert W. Baird set a $311.00 target price on shares of Union Pacific and gave the stock an “outperform” rating in a report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $263.77.

Union Pacific Trading Down 0.8%

NYSE UNP opened at $242.22 on Friday. The firm has a market capitalization of $143.73 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 2.65 and a beta of 0.95. The business’s 50-day moving average price is $246.47 and its two-hundred day moving average price is $233.81. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 1.64. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $268.14.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 40.89% and a net margin of 29.12%.Union Pacific’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business earned $2.91 earnings per share. On average, analysts expect that Union Pacific Corporation will post 11.99 EPS for the current 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 given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, February 27th. Union Pacific’s dividend payout ratio is currently 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.