OFI Invest Asset Management Trims Stock Holdings in Union Pacific Corporation $UNP

OFI Invest Asset Management reduced its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 92.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 15,200 shares of the railroad operator’s stock after selling 177,449 shares during the quarter. OFI Invest Asset Management’s holdings in Union Pacific were worth $3,516,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Caitlin John LLC bought a new stake in shares of Union Pacific during the 3rd quarter worth approximately $27,000. Saranac Partners Ltd bought a new stake in Union Pacific during the 3rd quarter valued at $27,000. Total Investment Management Inc. bought a new stake in Union Pacific during the 2nd quarter valued at $31,000. Stephens Consulting LLC raised its position in Union Pacific by 48.4% during the 4th quarter. Stephens Consulting LLC now owns 135 shares of the railroad operator’s stock valued at $31,000 after purchasing an additional 44 shares in the last quarter. Finally, Beacon Financial Strategies CORP bought a new stake in Union Pacific during the 4th quarter valued at $33,000. 80.38% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Union Pacific news, EVP Eric J. Gehringer sold 1,999 shares of Union Pacific stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $234.93, for a total transaction of $469,625.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.28% of the company’s stock.

Union Pacific Stock Up 0.9%

Shares of UNP stock opened at $251.27 on Friday. Union Pacific Corporation has a 1-year low of $206.63 and a 1-year high of $268.14. The stock’s fifty day moving average price is $251.12 and its 200 day moving average price is $236.68. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.91 and a quick ratio of 0.75. The company has a market cap of $149.10 billion, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96.

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

Union Pacific Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th were given a dividend of $1.38 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $5.52 dividend on an annualized basis and a yield of 2.2%. Union Pacific’s payout ratio is currently 46.12%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Sanford C. Bernstein lifted their target price on Union Pacific from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Tuesday, March 31st. Barclays reaffirmed 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. Susquehanna reaffirmed a “buy” rating on shares of Union Pacific in a research report on Monday, January 19th. Deutsche Bank Aktiengesellschaft set a $245.00 price target on Union Pacific in a report on Thursday, December 11th. Finally, Royal Bank Of Canada set a $280.00 price target on Union Pacific in a report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $265.86.

Union Pacific Profile

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.