Clearstead Advisors LLC Sells 3,211 Shares of Union Pacific Corporation $UNP

Clearstead Advisors LLC trimmed its position in shares of Union Pacific Corporation (NYSE:UNP) by 15.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 16,959 shares of the railroad operator’s stock after selling 3,211 shares during the quarter. Clearstead Advisors LLC’s holdings in Union Pacific were worth $4,009,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on UNP. TD Cowen lowered 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 note on Wednesday, January 28th. Royal Bank Of Canada set a $280.00 price objective on shares of Union Pacific in a report on Thursday, December 18th. Raymond James Financial restated a “strong-buy” rating on shares of Union Pacific in a report on Tuesday, January 27th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $267.00 target price on shares of Union Pacific in a research report on Tuesday, January 27th. Finally, JPMorgan Chase & Co. lowered their price target on Union Pacific from $270.00 to $265.00 and set a “neutral” rating on the stock in a report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $260.14.

Union Pacific Trading Down 0.9%

Shares of UNP opened at $263.82 on Tuesday. The firm has a market cap of $156.55 billion, a P/E ratio of 22.04, a price-to-earnings-growth ratio of 2.90 and a beta of 0.98. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.91 and a quick ratio of 0.75. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $267.81. The company has a 50 day simple moving average of $239.68 and a two-hundred day simple moving average of $230.38.

Union Pacific (NYSE:UNP) last issued its earnings results on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.92 by ($0.06). The firm had revenue of $6.09 billion during 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%.The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the firm posted $2.91 earnings per share. On average, equities analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be issued a dividend of $1.38 per share. The ex-dividend date is Friday, February 27th. This represents a $5.52 dividend on an annualized basis and a yield of 2.1%. Union Pacific’s payout ratio is presently 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.