King Luther Capital Management Corp Sells 45,905 Shares of Union Pacific Co. (NYSE:UNP)

King Luther Capital Management Corp decreased its holdings in Union Pacific Co. (NYSE:UNPFree Report) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,174,029 shares of the railroad operator’s stock after selling 45,905 shares during the quarter. Union Pacific accounts for about 1.4% of King Luther Capital Management Corp’s investment portfolio, making the stock its 18th largest position. King Luther Capital Management Corp owned approximately 0.19% of Union Pacific worth $288,365,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Desjardins Global Asset Management Inc. increased its holdings in Union Pacific by 1.4% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 3,000 shares of the railroad operator’s stock worth $737,000 after acquiring an additional 41 shares in the last quarter. Twin Capital Management Inc. boosted its holdings in Union Pacific by 3.0% in the 4th quarter. Twin Capital Management Inc. now owns 1,394 shares of the railroad operator’s stock worth $342,000 after buying an additional 41 shares during the period. Sunburst Financial Group LLC lifted its position in shares of Union Pacific by 1.8% in the fourth quarter. Sunburst Financial Group LLC now owns 2,393 shares of the railroad operator’s stock valued at $588,000 after acquiring an additional 42 shares in the last quarter. Mission Wealth Management LP grew its position in shares of Union Pacific by 0.5% during the fourth quarter. Mission Wealth Management LP now owns 7,838 shares of the railroad operator’s stock worth $1,925,000 after purchasing an additional 42 shares in the last quarter. Finally, Berkeley Capital Partners LLC raised its stake in Union Pacific by 1.0% during the 4th quarter. Berkeley Capital Partners LLC now owns 4,100 shares of the railroad operator’s stock valued at $1,007,000 after purchasing an additional 42 shares during the period. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Stock Down 3.6 %

Union Pacific stock traded down $8.67 during midday trading on Tuesday, reaching $234.96. The company’s stock had a trading volume of 2,960,836 shares, compared to its average volume of 2,232,926. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.93 and a quick ratio of 0.76. The stock has a market capitalization of $143.35 billion, a P/E ratio of 23.14, a PEG ratio of 2.59 and a beta of 1.06. The stock’s 50-day simple moving average is $241.33 and its 200-day simple moving average is $239.30. Union Pacific Co. has a 52-week low of $190.71 and a 52-week high of $258.66.

Union Pacific (NYSE:UNPGet Free Report) last released its earnings results on Thursday, April 25th. The railroad operator reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.50 by $0.19. Union Pacific had a net margin of 26.52% and a return on equity of 44.34%. The company had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $5.97 billion. During the same period last year, the business earned $2.67 EPS. Union Pacific’s revenue for the quarter was down .4% on a year-over-year basis. On average, sell-side analysts expect that Union Pacific Co. will post 11.26 EPS for the current year.

Union Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Friday, May 31st. Union Pacific’s dividend payout ratio is presently 49.62%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on UNP. Morgan Stanley upped their target price on shares of Union Pacific from $198.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Stifel Nicolaus upgraded Union Pacific from a “hold” rating to a “buy” rating and increased their target price for the company from $248.00 to $267.00 in a research report on Friday, May 3rd. The Goldman Sachs Group lifted their price target on Union Pacific from $248.00 to $274.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. UBS Group lifted their target price on Union Pacific from $235.00 to $248.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. Finally, Susquehanna upped their price target on shares of Union Pacific from $255.00 to $270.00 and gave the company a “neutral” rating in a report on Friday, April 26th. Six investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $259.61.

View Our Latest Research Report on Union Pacific

About Union Pacific

(Free Report)

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.

See Also

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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