Envestnet Asset Management Inc. Sells 518,903 Shares of Union Pacific Corporation $UNP

Envestnet Asset Management Inc. trimmed its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 23.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,705,572 shares of the railroad operator’s stock after selling 518,903 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Union Pacific were worth $403,146,000 as of its most recent SEC filing.

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

Union Pacific Stock Up 3.4%

NYSE UNP opened at $249.78 on Thursday. The stock’s 50-day moving average price is $233.05 and its 200-day moving average price is $227.08. The company has a quick ratio of 0.60, a current ratio of 0.91 and a debt-to-equity ratio of 1.64. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $253.20. The company has a market capitalization of $148.16 billion, a P/E ratio of 20.87, a price-to-earnings-growth ratio of 2.63 and a beta of 0.98.

Union Pacific (NYSE:UNP) last released 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). Union Pacific had a return on equity of 40.89% and a net margin of 29.12%.The firm had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.15 billion. During the same period in the prior year, the company posted $2.91 earnings per share. The company’s revenue was down .6% compared to the same quarter last year. On average, equities research analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Friday, December 5th were given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Friday, December 5th. Union Pacific’s dividend payout ratio (DPR) is presently 46.12%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on UNP shares. JPMorgan Chase & Co. decreased their target price on shares of Union Pacific from $270.00 to $265.00 and set a “neutral” rating for the company in a research note on Wednesday, January 28th. Royal Bank Of Canada set a $280.00 price objective on Union Pacific in a research report on Thursday, December 18th. Citigroup reissued a “buy” rating and issued a $270.00 target price (up from $265.00) on shares of Union Pacific in a research report on Wednesday, January 28th. Barclays restated an “overweight” rating and set a $285.00 price target (up from $270.00) on shares of Union Pacific in a research note on Tuesday, December 16th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $267.00 price objective 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, twelve have issued a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.