Coastal Investment Advisors Inc. Cuts Position in Union Pacific Co. (NYSE:UNP)


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Coastal Investment Advisors Inc. cut its stake in Union Pacific Co. (NYSE:UNP) by 5.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,114 shares of the railroad operator’s stock after selling 131 shares during the period. Coastal Investment Advisors Inc.’s holdings in Union Pacific were worth $440,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in UNP. FMR LLC grew its position in Union Pacific by 9.0% in the second quarter. FMR LLC now owns 9,885,795 shares of the railroad operator’s stock worth $1,671,391,000 after acquiring an additional 816,580 shares in the last quarter. Standard Life Aberdeen plc lifted its stake in Union Pacific by 173.0% in the third quarter. Standard Life Aberdeen plc now owns 1,242,983 shares of the railroad operator’s stock worth $244,706,000 after purchasing an additional 787,737 shares during the last quarter. First Trust Advisors LP lifted its stake in Union Pacific by 250.1% in the third quarter. First Trust Advisors LP now owns 1,098,954 shares of the railroad operator’s stock worth $216,351,000 after purchasing an additional 785,022 shares during the last quarter. Jennison Associates LLC lifted its stake in Union Pacific by 13.7% in the third quarter. Jennison Associates LLC now owns 5,397,596 shares of the railroad operator’s stock worth $1,062,625,000 after purchasing an additional 652,275 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its stake in Union Pacific by 40.7% in the third quarter. CIBC Private Wealth Group LLC now owns 1,954,705 shares of the railroad operator’s stock worth $384,725,000 after purchasing an additional 565,657 shares during the last quarter. Institutional investors own 78.16% of the company’s stock.

Several analysts have weighed in on UNP shares. TD Securities boosted their price target on shares of Union Pacific from $225.00 to $230.00 and gave the stock a “hold” rating in a research note on Monday. Bank of America boosted their price target on shares of Union Pacific from $198.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, September 30th. Credit Suisse Group lowered their price target on shares of Union Pacific from $225.00 to $223.00 and set an “outperform” rating for the company in a research note on Friday, October 23rd. Morgan Stanley boosted their price target on shares of Union Pacific from $138.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 10th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their price objective on shares of Union Pacific from $215.00 to $250.00 in a research note on Monday. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $199.38.

Shares of Union Pacific stock opened at $216.61 on Thursday. The company has a market cap of $145.97 billion, a price-to-earnings ratio of 26.87, a price-to-earnings-growth ratio of 2.59 and a beta of 1.02. The company’s 50 day moving average is $206.17 and its 200 day moving average is $193.62. Union Pacific Co. has a twelve month low of $105.08 and a twelve month high of $221.28. The company has a quick ratio of 0.84, a current ratio of 0.96 and a debt-to-equity ratio of 1.61.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, October 22nd. The railroad operator reported $2.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.06 by ($0.05). The company had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.97 billion. Union Pacific had a net margin of 27.54% and a return on equity of 32.45%. The firm’s revenue for the quarter was down 10.8% on a year-over-year basis. During the same quarter last year, the company earned $2.22 EPS. Sell-side analysts expect that Union Pacific Co. will post 7.93 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 30th. Investors of record on Monday, November 30th were given a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, November 27th. This represents a $3.88 dividend on an annualized basis and a yield of 1.79%. Union Pacific’s dividend payout ratio (DPR) is 46.30%.

Union Pacific Company Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products to grain processors, animal feeders, ethanol producers, and other agricultural users; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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