NewEdge Wealth LLC Lowers Stock Holdings in Union Pacific Corporation $UNP

NewEdge Wealth LLC lowered its stake in Union Pacific Corporation (NYSE:UNP) by 4.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 115,097 shares of the railroad operator’s stock after selling 5,315 shares during the period. NewEdge Wealth LLC’s holdings in Union Pacific were worth $25,020,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Howard Hughes Medical Institute purchased a new stake in shares of Union Pacific during the second quarter valued at approximately $30,000. Total Investment Management Inc. bought a new stake in Union Pacific in the 2nd quarter worth approximately $31,000. Financial Gravity Companies Inc. bought a new position in shares of Union Pacific during the 2nd quarter valued at $31,000. Access Investment Management LLC purchased a new position in shares of Union Pacific in the 2nd quarter worth $32,000. Finally, Sagard Holdings Management Inc. bought a new stake in shares of Union Pacific in the second quarter worth $33,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

UNP has been the topic of a number of recent research reports. TD Cowen lowered their target price on Union Pacific from $257.00 to $255.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. Royal Bank Of Canada set a $280.00 target price on shares of Union Pacific in a report on Thursday, December 18th. Raymond James Financial reiterated a “strong-buy” rating on shares of Union Pacific in a report on Tuesday, January 27th. BMO Capital Markets set a $255.00 price objective on shares of Union Pacific in a research note on Wednesday, January 7th. Finally, Barclays restated an “overweight” rating and set a $285.00 target price (up from $270.00) on shares of Union Pacific in a research report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Union Pacific presently has a consensus rating of “Moderate Buy” and an average target price of $258.32.

Union Pacific Price Performance

Union Pacific stock opened at $264.67 on Thursday. The stock has a market cap of $157.05 billion, a price-to-earnings ratio of 22.11, a price-to-earnings-growth ratio of 2.87 and a beta of 0.98. The firm has a 50-day moving average of $238.15 and a two-hundred day moving average of $229.47. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $265.37. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.91 and a quick ratio of 0.75.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.06). The firm had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.15 billion. Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.91 EPS. On average, research analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be issued a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, February 27th. Union Pacific’s payout ratio is presently 46.12%.

About Union Pacific

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.