Morton Capital Management LLC CA Trims Stake in Union Pacific Co. (NYSE:UNP)

Morton Capital Management LLC CA lowered its holdings in Union Pacific Co. (NYSE:UNP) by 8.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,140 shares of the railroad operator’s stock after selling 100 shares during the period. Morton Capital Management LLC CA’s holdings in Union Pacific were worth $260,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Chesapeake Wealth Management grew its position in Union Pacific by 0.5% in the second quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator’s stock worth $1,856,000 after acquiring an additional 43 shares in the last quarter. Traveka Wealth LLC lifted its stake in Union Pacific by 3.4% during the third quarter. Traveka Wealth LLC now owns 1,357 shares of the railroad operator’s stock worth $335,000 after purchasing an additional 45 shares during the last quarter. Red Mountain Financial LLC boosted its holdings in shares of Union Pacific by 2.0% in the 3rd quarter. Red Mountain Financial LLC now owns 2,276 shares of the railroad operator’s stock worth $561,000 after purchasing an additional 45 shares in the last quarter. Roble Belko & Company Inc increased its position in shares of Union Pacific by 26.8% during the 4th quarter. Roble Belko & Company Inc now owns 213 shares of the railroad operator’s stock valued at $49,000 after purchasing an additional 45 shares during the last quarter. Finally, True Link Financial Advisors LLC raised its holdings in shares of Union Pacific by 1.2% during the 3rd quarter. True Link Financial Advisors LLC now owns 4,016 shares of the railroad operator’s stock valued at $990,000 after buying an additional 47 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

Union Pacific Price Performance

Shares of Union Pacific stock opened at $234.88 on Friday. The business has a 50 day moving average of $234.14 and a 200 day moving average of $238.82. Union Pacific Co. has a 52 week low of $218.55 and a 52 week high of $258.66. The company has a market cap of $142.40 billion, a PE ratio of 21.57, a P/E/G ratio of 2.02 and a beta of 1.06. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing the consensus estimate of $2.78 by ($0.03). The company had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.51 earnings per share. As a group, equities research analysts forecast that Union Pacific Co. will post 10.95 earnings per share for the current year.

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were issued a $1.34 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $5.36 annualized dividend and a yield of 2.28%. Union Pacific’s dividend payout ratio (DPR) is presently 49.22%.

Analyst Upgrades and Downgrades

UNP has been the subject of several research reports. Wells Fargo & Company cut their target price on Union Pacific from $267.00 to $265.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. StockNews.com lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Royal Bank of Canada reduced their target price 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. Stifel Nicolaus lowered their price target on shares of Union Pacific from $262.00 to $253.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Robert W. Baird reduced their price objective on Union Pacific from $270.00 to $260.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $259.35.

About Union Pacific

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.