Pathstone Holdings LLC Trims Stock Holdings in Union Pacific Co. (NYSE:UNP)

Pathstone Holdings LLC reduced its stake in Union Pacific Co. (NYSE:UNP) by 0.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 120,214 shares of the railroad operator’s stock after selling 1,010 shares during the period. Pathstone Holdings LLC’s holdings in Union Pacific were worth $27,414,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fiduciary Trust Co raised its position in Union Pacific by 2.8% in the fourth quarter. Fiduciary Trust Co now owns 102,213 shares of the railroad operator’s stock valued at $23,309,000 after purchasing an additional 2,807 shares during the period. abrdn plc increased its stake in Union Pacific by 9.3% during the fourth quarter. abrdn plc now owns 415,874 shares of the railroad operator’s stock worth $94,588,000 after purchasing an additional 35,414 shares during the period. Border to Coast Pensions Partnership Ltd increased its stake in Union Pacific by 24.2% during the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 277,267 shares of the railroad operator’s stock worth $63,185,000 after purchasing an additional 53,946 shares during the period. Pinnbrook Capital Management LP purchased a new stake in Union Pacific during the fourth quarter worth about $3,954,000. Finally, Tokio Marine Asset Management Co. Ltd. increased its stake in Union Pacific by 128.3% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 36,798 shares of the railroad operator’s stock worth $8,391,000 after purchasing an additional 20,681 shares during the period. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on UNP. Stifel Nicolaus cut their price objective on Union Pacific from $270.00 to $248.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Robert W. Baird upped their price objective on Union Pacific from $260.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Benchmark upped their price objective on Union Pacific from $266.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Susquehanna cut their target price on shares of Union Pacific from $255.00 to $245.00 and set a “neutral” rating on the stock in a research note on Friday, April 25th. Finally, UBS Group cut their target price on shares of Union Pacific from $255.00 to $245.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $257.86.

Union Pacific Stock Down 0.0%

Union Pacific stock opened at $228.14 on Thursday. The company has a 50-day simple moving average of $224.64 and a 200-day simple moving average of $233.68. The firm has a market capitalization of $136.31 billion, a P/E ratio of 20.57, a P/E/G ratio of 2.15 and a beta of 1.07. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.77. Union Pacific Co. has a one year low of $204.66 and a one year high of $258.07.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, April 24th. The railroad operator reported $2.70 EPS for the quarter, missing the consensus estimate of $2.73 by ($0.03). The firm had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.11 billion. Union Pacific had a return on equity of 41.12% and a net margin of 27.82%. The firm’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.69 EPS. As a group, equities analysts expect that Union Pacific Co. will post 11.99 earnings per share for the current year.

Union Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be issued a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Friday, May 30th. Union Pacific’s dividend payout ratio (DPR) is 48.29%.

Union Pacific Company 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.