Everhart Financial Group Inc. Sells 767 Shares of Union Pacific Co. (NYSE:UNP)

Everhart Financial Group Inc. trimmed its position in Union Pacific Co. (NYSE:UNP) by 31.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,638 shares of the railroad operator’s stock after selling 767 shares during the quarter. Everhart Financial Group Inc.’s holdings in Union Pacific were worth $374,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. State Street Corp increased its stake in Union Pacific by 0.9% in the third quarter. State Street Corp now owns 24,788,337 shares of the railroad operator’s stock valued at $6,109,829,000 after acquiring an additional 217,780 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Union Pacific by 1.4% during the third quarter. Geode Capital Management LLC now owns 12,813,686 shares of the railroad operator’s stock worth $3,146,451,000 after buying an additional 182,620 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Union Pacific by 9.3% during the third quarter. Franklin Resources Inc. now owns 7,322,450 shares of the railroad operator’s stock worth $1,795,993,000 after buying an additional 625,492 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Union Pacific by 2.3% during the third quarter. Fisher Asset Management LLC now owns 6,285,585 shares of the railroad operator’s stock worth $1,549,271,000 after buying an additional 143,896 shares during the last quarter. Finally, FMR LLC grew its stake in shares of Union Pacific by 0.6% during the third quarter. FMR LLC now owns 5,020,107 shares of the railroad operator’s stock worth $1,237,356,000 after buying an additional 31,899 shares during the last quarter. 80.38% of the stock is owned by institutional investors.

Insider Transactions at Union Pacific

In related news, President Elizabeth F. Whited sold 7,500 shares of the firm’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $250.00, for a total value of $1,875,000.00. Following the transaction, the president now owns 64,960 shares of the company’s stock, valued at approximately $16,240,000. This trade represents a 10.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Craig V. Richardson sold 6,495 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $252.00, for a total transaction of $1,636,740.00. Following the completion of the transaction, the executive vice president now directly owns 26,319 shares in the company, valued at approximately $6,632,388. The trade was a 19.79 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on UNP. Wells Fargo & Company decreased their target price on shares of Union Pacific from $267.00 to $265.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Citigroup boosted their target price on shares of Union Pacific from $254.00 to $260.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. TD Cowen boosted their target price on shares of Union Pacific from $245.00 to $258.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Royal Bank of Canada cut their price target on shares of Union Pacific from $288.00 to $283.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Benchmark lifted their price target on shares of Union Pacific from $266.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Union Pacific currently has a consensus rating of “Moderate Buy” and an average price target of $261.40.

Union Pacific Price Performance

UNP stock opened at $249.27 on Monday. The stock has a market capitalization of $151.12 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 2.11 and a beta of 1.06. The company’s 50-day moving average is $236.34 and its 200-day moving average is $240.45. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.77 and a quick ratio of 0.63. Union Pacific Co. has a 1 year low of $218.55 and a 1 year high of $258.66.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.76 by $0.15. Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. During the same quarter in the previous year, the firm posted $2.71 EPS. Equities research analysts expect that Union Pacific Co. will post 12.01 EPS for the current fiscal year.

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a dividend of $1.34 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.15%. Union Pacific’s dividend payout ratio (DPR) is presently 48.33%.

Union Pacific Profile

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.