Boston Family Office LLC Trims Stock Position in Union Pacific Corporation $UNP

Boston Family Office LLC trimmed its position in Union Pacific Corporation (NYSE:UNP) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 123,909 shares of the railroad operator’s stock after selling 2,600 shares during the period. Union Pacific makes up approximately 1.8% of Boston Family Office LLC’s investment portfolio, making the stock its 10th largest holding. Boston Family Office LLC’s holdings in Union Pacific were worth $28,663,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. First National Bank of Omaha lifted its holdings in shares of Union Pacific by 35.8% in the fourth quarter. First National Bank of Omaha now owns 54,635 shares of the railroad operator’s stock valued at $12,665,000 after purchasing an additional 14,399 shares in the last quarter. Alchemi Wealth LLC bought a new stake in shares of Union Pacific in the fourth quarter valued at about $689,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Union Pacific by 507.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 158 shares of the railroad operator’s stock valued at $37,000 after purchasing an additional 132 shares in the last quarter. Milford Funds Ltd. bought a new stake in shares of Union Pacific in the fourth quarter valued at about $60,657,000. Finally, Cullen Capital Management LLC lifted its holdings in shares of Union Pacific by 1,612.7% in the fourth quarter. Cullen Capital Management LLC now owns 155,665 shares of the railroad operator’s stock valued at $36,008,000 after purchasing an additional 146,576 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. TD Cowen boosted their price target on Union Pacific from $256.00 to $282.00 and gave the company a “buy” rating in a report on Friday, April 24th. Benchmark boosted their price target on Union Pacific from $275.00 to $300.00 and gave the company a “buy” rating in a report on Friday, April 24th. Weiss Ratings upgraded Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, April 21st. UBS Group reiterated a “neutral” rating and set a $274.00 target price (up from $253.00) on shares of Union Pacific in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. upped their target price on Union Pacific from $267.00 to $275.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, Union Pacific currently has a consensus rating of “Moderate Buy” and an average target price of $282.21.

Insider Activity

In other news, EVP Kenyatta G. Rocker sold 27,387 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $271.76, for a total value of $7,442,691.12. Following the transaction, the executive vice president owned 61,102 shares of the company’s stock, valued at approximately $16,605,079.52. This represents a 30.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jennifer L. Hamann sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $274.70, for a total value of $549,400.00. Following the completion of the transaction, the chief financial officer directly owned 114,642 shares in the company, valued at $31,492,157.40. The trade was a 1.71% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 34,377 shares of company stock valued at $9,251,221. 0.22% of the stock is owned by insiders.

Union Pacific Price Performance

Union Pacific stock opened at $272.37 on Friday. Union Pacific Corporation has a 12 month low of $210.84 and a 12 month high of $279.70. The stock’s 50 day moving average is $262.23 and its 200-day moving average is $248.69. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.53. The company has a market capitalization of $161.71 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 2.84 and a beta of 0.97.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, April 23rd. The railroad operator reported $2.93 EPS for the quarter, beating the consensus estimate of $2.86 by $0.07. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.The company had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.12 billion. During the same quarter in the prior year, the business earned $2.70 earnings per share. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. Equities research analysts expect that Union Pacific Corporation will post 12.55 EPS for the current year.

Union Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be given a $1.38 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $5.52 annualized dividend and a dividend yield of 2.0%. Union Pacific’s dividend payout ratio is presently 45.47%.

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.