Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Reduces Stake in Union Pacific Corporation $UNP

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 2.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 232,395 shares of the railroad operator’s stock after selling 5,952 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Union Pacific were worth $54,044,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Midwest Trust Co raised its holdings in Union Pacific by 2.8% in the third quarter. Midwest Trust Co now owns 281,036 shares of the railroad operator’s stock worth $66,428,000 after purchasing an additional 7,759 shares in the last quarter. CX Institutional grew its position in shares of Union Pacific by 39.8% in the 3rd quarter. CX Institutional now owns 65,826 shares of the railroad operator’s stock worth $15,559,000 after buying an additional 18,742 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of Union Pacific by 15.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 135,188 shares of the railroad operator’s stock worth $31,955,000 after acquiring an additional 17,696 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Union Pacific by 29.6% in the 3rd quarter. Bessemer Group Inc. now owns 653,589 shares of the railroad operator’s stock worth $154,488,000 after acquiring an additional 149,158 shares in the last quarter. Finally, AustralianSuper Pty Ltd purchased a new position in Union Pacific during the 3rd quarter valued at about $802,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Price Performance

Shares of NYSE:UNP opened at $249.93 on Thursday. The firm’s 50 day moving average price is $251.40 and its 200-day moving average price is $237.84. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $148.31 billion, a PE ratio of 20.88, a price-to-earnings-growth ratio of 2.78 and a beta of 0.96. Union Pacific Corporation has a twelve month low of $206.63 and a twelve month high of $268.14.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, April 23rd. The railroad operator reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.09. The business had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.12 billion. Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. Equities research analysts expect that Union Pacific Corporation will post 12.42 EPS for the current year.

Union Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, February 27th were issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Friday, February 27th. Union Pacific’s dividend payout ratio (DPR) is currently 46.12%.

Insider Buying and Selling

In other Union Pacific news, EVP Eric J. Gehringer sold 1,999 shares of the business’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $234.93, for a total value of $469,625.07. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.22% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of Union Pacific from $270.00 to $265.00 and set a “neutral” rating on the stock in a report on Wednesday, January 28th. Evercore raised Union Pacific from an “in-line” rating to an “outperform” rating and set a $262.00 price target on the stock in a research report on Thursday, March 19th. Citigroup raised their price objective on Union Pacific from $270.00 to $285.00 and gave the company a “buy” rating in a research report on Tuesday, April 7th. TD Cowen dropped 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. Finally, Benchmark reissued a “buy” rating and issued a $275.00 target price (up from $260.00) on shares of Union Pacific in a research note on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $267.48.

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.