IHT Wealth Management LLC Cuts Stock Holdings in Union Pacific Co. (NYSE:UNP)

IHT Wealth Management LLC cut its position in Union Pacific Co. (NYSE:UNP) by 34.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,989 shares of the railroad operator’s stock after selling 5,649 shares during the period. IHT Wealth Management LLC’s holdings in Union Pacific were worth $2,506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Union Pacific in the fourth quarter valued at about $1,927,377,000. Raymond James Financial Inc. acquired a new position in shares of Union Pacific during the 4th quarter worth approximately $1,035,905,000. Geode Capital Management LLC grew its position in shares of Union Pacific by 12.6% in the fourth quarter. Geode Capital Management LLC now owns 14,430,581 shares of the railroad operator’s stock valued at $3,282,305,000 after purchasing an additional 1,616,895 shares in the last quarter. Capital Research Global Investors lifted its position in Union Pacific by 14.3% during the fourth quarter. Capital Research Global Investors now owns 10,395,364 shares of the railroad operator’s stock worth $2,370,559,000 after buying an additional 1,298,178 shares in the last quarter. Finally, Vontobel Holding Ltd. boosted its stake in Union Pacific by 74.7% during the fourth quarter. Vontobel Holding Ltd. now owns 2,146,990 shares of the railroad operator’s stock worth $489,600,000 after buying an additional 918,248 shares during the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Union Pacific

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

Union Pacific Price Performance

UNP stock opened at $216.18 on Tuesday. The business’s 50-day moving average is $234.38 and its two-hundred day moving average is $236.23. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.77 and a quick ratio of 0.62. The firm has a market capitalization of $129.56 billion, a P/E ratio of 19.49, a P/E/G ratio of 2.15 and a beta of 1.06. Union Pacific Co. has a 1 year low of $204.66 and a 1 year high of $258.07.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results 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 period in the prior year, the company earned $2.71 earnings per share. Analysts anticipate that Union Pacific Co. will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were issued a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 2.48%. The ex-dividend date was Friday, February 28th. Union Pacific’s dividend payout ratio (DPR) is presently 48.33%.

Wall Street Analysts Forecast Growth

UNP has been the topic of several recent research reports. Redburn Atlantic raised shares of Union Pacific from a “neutral” rating to a “buy” rating and set a $259.00 price target on the stock in a research report on Wednesday, April 16th. Citigroup raised shares of Union Pacific from a “neutral” rating to a “buy” rating and dropped their price target for the company from $260.00 to $244.00 in a research note on Tuesday, April 8th. Susquehanna decreased their price objective on Union Pacific from $265.00 to $255.00 and set a “neutral” rating on the stock in a report on Thursday, March 27th. BMO Capital Markets raised their target price on Union Pacific from $275.00 to $277.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Finally, Raymond James lowered their price target on Union Pacific from $285.00 to $260.00 and set a “strong-buy” rating for the company in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $257.50.

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.