Abacus Wealth Partners LLC Sells 519 Shares of Union Pacific Co. (NYSE:UNP)

Abacus Wealth Partners LLC trimmed its position in Union Pacific Co. (NYSE:UNPFree Report) by 10.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,461 shares of the railroad operator’s stock after selling 519 shares during the period. Union Pacific accounts for 0.2% of Abacus Wealth Partners LLC’s investment portfolio, making the stock its 28th biggest position. Abacus Wealth Partners LLC’s holdings in Union Pacific were worth $1,097,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Czech National Bank boosted its holdings in Union Pacific by 0.5% in the 1st quarter. Czech National Bank now owns 107,291 shares of the railroad operator’s stock valued at $26,386,000 after purchasing an additional 506 shares during the period. Fulton Bank N.A. boosted its holdings in Union Pacific by 3.8% in the 1st quarter. Fulton Bank N.A. now owns 17,070 shares of the railroad operator’s stock valued at $4,198,000 after purchasing an additional 627 shares during the period. Perpetual Ltd boosted its holdings in Union Pacific by 92.9% in the 1st quarter. Perpetual Ltd now owns 8,962 shares of the railroad operator’s stock valued at $2,204,000 after purchasing an additional 4,316 shares during the period. Stableford Capital II LLC lifted its holdings in shares of Union Pacific by 1.4% during the 1st quarter. Stableford Capital II LLC now owns 3,639 shares of the railroad operator’s stock worth $895,000 after acquiring an additional 50 shares during the last quarter. Finally, Montecito Bank & Trust lifted its holdings in shares of Union Pacific by 17.9% during the 1st quarter. Montecito Bank & Trust now owns 11,849 shares of the railroad operator’s stock worth $2,914,000 after acquiring an additional 1,803 shares during the last quarter. 80.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on UNP. Benchmark lifted their price objective on shares of Union Pacific from $260.00 to $266.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. The Goldman Sachs Group lifted their price objective on shares of Union Pacific from $248.00 to $274.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Morgan Stanley lifted their price objective on shares of Union Pacific from $198.00 to $210.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. StockNews.com downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Jefferies Financial Group started coverage on shares of Union Pacific in a report on Monday, April 8th. They set a “hold” rating and a $250.00 price objective for the company. Eight analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Union Pacific has an average rating of “Moderate Buy” and an average target price of $259.75.

Check Out Our Latest Stock Analysis on UNP

Union Pacific Trading Up 1.2 %

Shares of UNP stock traded up $2.67 during mid-day trading on Thursday, reaching $225.25. The stock had a trading volume of 2,267,792 shares, compared to its average volume of 2,296,028. The stock’s 50-day moving average price is $234.13 and its two-hundred day moving average price is $240.54. Union Pacific Co. has a 52-week low of $199.06 and a 52-week high of $258.66. The firm has a market capitalization of $137.43 billion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 1.81 and a beta of 1.05. The company has a current ratio of 0.93, a quick ratio of 0.76 and a debt-to-equity ratio of 1.99.

Union Pacific (NYSE:UNPGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The railroad operator reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.50 by $0.19. Union Pacific had a net margin of 26.52% and a return on equity of 44.34%. The company had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $5.97 billion. During the same period in the prior year, the firm earned $2.67 earnings per share. Union Pacific’s revenue was down .4% on a year-over-year basis. Equities analysts expect that Union Pacific Co. will post 11.25 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Friday, May 31st. Union Pacific’s payout ratio is currently 49.62%.

Union Pacific Company Profile

(Free Report)

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.

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

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