Wealthfront Advisers LLC Sells 7,120 Shares of Union Pacific Corporation $UNP

Wealthfront Advisers LLC lessened its stake in shares of Union Pacific Corporation (NYSE:UNP) by 11.7% in the 3rd quarter, Holdings Channel reports. The firm owned 53,991 shares of the railroad operator’s stock after selling 7,120 shares during the period. Wealthfront Advisers LLC’s holdings in Union Pacific were worth $12,762,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Acadian Asset Management LLC raised its position in shares of Union Pacific by 40.4% during the 1st quarter. Acadian Asset Management LLC now owns 2,312 shares of the railroad operator’s stock valued at $546,000 after buying an additional 665 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Union Pacific by 5.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 84,008 shares of the railroad operator’s stock valued at $19,790,000 after purchasing an additional 4,256 shares during the period. MGO One Seven LLC lifted its stake in shares of Union Pacific by 2.9% in the 2nd quarter. MGO One Seven LLC now owns 12,408 shares of the railroad operator’s stock valued at $2,855,000 after purchasing an additional 354 shares during the last quarter. Vest Financial LLC raised its holdings in Union Pacific by 39.3% during the 2nd quarter. Vest Financial LLC now owns 9,738 shares of the railroad operator’s stock valued at $2,241,000 after buying an additional 2,746 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its position in Union Pacific by 2.0% in the second quarter. Sequoia Financial Advisors LLC now owns 63,710 shares of the railroad operator’s stock worth $14,658,000 after buying an additional 1,219 shares during the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Stock Performance

Shares of NYSE:UNP opened at $261.47 on Wednesday. The firm has a 50 day moving average of $234.90 and a 200 day moving average of $227.90. The company has a quick ratio of 0.60, a current ratio of 0.91 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $155.15 billion, a price-to-earnings ratio of 21.84, a price-to-earnings-growth ratio of 2.77 and a beta of 0.98. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $261.55.

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

Union Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, February 27th. Union Pacific’s payout ratio is 46.12%.

Analyst Upgrades and Downgrades

UNP has been the topic of a number of analyst reports. Susquehanna reiterated a “buy” rating on shares of Union Pacific in a research report on Monday, January 19th. Weiss Ratings upgraded shares of Union Pacific from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. The Goldman Sachs Group reissued a “neutral” rating and issued a $267.00 price objective on shares of Union Pacific in a research note on Tuesday, January 27th. JPMorgan Chase & Co. dropped their target price on Union Pacific from $270.00 to $265.00 and set a “neutral” rating for the company in a research report on Wednesday, January 28th. Finally, Citigroup reiterated a “buy” rating and set a $270.00 target price (up from $265.00) on shares of Union Pacific in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Union Pacific currently has an average rating of “Moderate Buy” and a consensus target price 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.