Wealthfront Advisers LLC Sells 7,120 Shares of Union Pacific Corporation $UNP

Wealthfront Advisers LLC lowered its stake in Union Pacific Corporation (NYSE:UNP) by 11.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,991 shares of the railroad operator’s stock after selling 7,120 shares during the period. Wealthfront Advisers LLC’s holdings in Union Pacific were worth $12,762,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Navellier & Associates Inc. boosted its stake in shares of Union Pacific by 27.5% during the 3rd quarter. Navellier & Associates Inc. now owns 6,985 shares of the railroad operator’s stock valued at $1,651,000 after purchasing an additional 1,505 shares in the last quarter. Prospera Financial Services Inc increased its stake in shares of Union Pacific by 4.1% during the third quarter. Prospera Financial Services Inc now owns 66,470 shares of the railroad operator’s stock valued at $15,716,000 after purchasing an additional 2,619 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of Union Pacific by 6.5% during the third quarter. ProShare Advisors LLC now owns 109,624 shares of the railroad operator’s stock valued at $25,912,000 after purchasing an additional 6,732 shares during the last quarter. Slagle Financial LLC boosted its position in shares of Union Pacific by 3.6% in the 3rd quarter. Slagle Financial LLC now owns 7,607 shares of the railroad operator’s stock worth $1,798,000 after purchasing an additional 262 shares in the last quarter. Finally, Atlanta Consulting Group Advisors LLC grew its stake in shares of Union Pacific by 2.1% in the 3rd quarter. Atlanta Consulting Group Advisors LLC now owns 5,947 shares of the railroad operator’s stock worth $1,406,000 after buying an additional 123 shares during the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Trading Up 2.8%

NYSE:UNP opened at $261.47 on Wednesday. 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 has a fifty day moving average price of $234.90 and a 200-day moving average price of $227.90. The firm has a market capitalization of $155.15 billion, a price-to-earnings ratio of 21.84, a price-to-earnings-growth ratio of 2.77 and a beta of 0.98. Union Pacific Corporation has a one year low of $204.66 and a one year high of $261.55.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share 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 analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the firm earned $2.91 earnings per share. Sell-side analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Dividend Announcement

The firm also recently declared 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. This represents a $5.52 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, February 27th. Union Pacific’s dividend payout ratio is presently 46.12%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on UNP shares. Barclays reiterated an “overweight” rating and set a $285.00 price objective (up previously from $270.00) on shares of Union Pacific in a research note on Tuesday, December 16th. Citigroup reaffirmed a “buy” rating and issued a $270.00 price target (up previously from $265.00) on shares of Union Pacific in a research report on Wednesday, January 28th. BMO Capital Markets set a $255.00 price target on shares of Union Pacific in a research note on Wednesday, January 7th. Weiss Ratings raised shares of Union Pacific from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Finally, TD Cowen decreased their target price on shares of Union Pacific from $257.00 to $255.00 and set a “buy” rating for the company in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Union Pacific presently has a consensus rating of “Moderate Buy” and an average 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.