SVB Wealth LLC Has $8.99 Million Position in Union Pacific Corporation $UNP

SVB Wealth LLC cut its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 7.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 38,021 shares of the railroad operator’s stock after selling 2,975 shares during the period. SVB Wealth LLC’s holdings in Union Pacific were worth $8,987,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

UNP has been the subject of a number of research analyst reports. Royal Bank Of Canada set a $280.00 price target on Union Pacific in a report on Thursday, December 18th. Raymond James Financial reissued 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 set a $267.00 price target on shares of Union Pacific in a report on Tuesday, January 27th. Barclays reiterated an “overweight” rating and issued a $285.00 price objective (up from $270.00) on shares of Union Pacific in a report on Tuesday, December 16th. Finally, TD Cowen reduced 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 assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $258.32.

Union Pacific Price Performance

Shares of NYSE:UNP opened at $254.46 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.60 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $150.94 billion, a PE ratio of 21.26, a PEG ratio of 2.75 and a beta of 0.98. The firm has a 50 day moving average of $234.32 and a 200-day moving average of $227.64. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $254.94.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Tuesday, January 27th. The railroad operator reported $2.86 EPS for the quarter, missing the consensus estimate of $2.92 by ($0.06). The firm had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.15 billion. Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.91 earnings per share. On average, equities research analysts predict that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Announces Dividend

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 paid a $1.38 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.52 annualized dividend and a yield of 2.2%. Union Pacific’s dividend payout ratio (DPR) is 46.12%.

Union Pacific 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.