New York Life Investment Management LLC Sells 631 Shares of Union Pacific Co. (NYSE:UNP)

New York Life Investment Management LLC cut its holdings in Union Pacific Co. (NYSE:UNP) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,551 shares of the railroad operator’s stock after selling 631 shares during the quarter. New York Life Investment Management LLC’s holdings in Union Pacific were worth $21,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Desjardins Global Asset Management Inc. lifted its holdings in shares of Union Pacific by 1.4% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 3,000 shares of the railroad operator’s stock valued at $737,000 after acquiring an additional 41 shares during the last quarter. Twin Capital Management Inc. lifted its stake in shares of Union Pacific by 3.0% in the 4th quarter. Twin Capital Management Inc. now owns 1,394 shares of the railroad operator’s stock valued at $342,000 after purchasing an additional 41 shares during the last quarter. Sunburst Financial Group LLC boosted its holdings in shares of Union Pacific by 1.8% in the 4th quarter. Sunburst Financial Group LLC now owns 2,393 shares of the railroad operator’s stock worth $588,000 after purchasing an additional 42 shares during the period. Mission Wealth Management LP increased its position in shares of Union Pacific by 0.5% during the 4th quarter. Mission Wealth Management LP now owns 7,838 shares of the railroad operator’s stock valued at $1,925,000 after purchasing an additional 42 shares during the last quarter. Finally, Sunflower Bank N.A. raised its holdings in Union Pacific by 0.8% during the 4th quarter. Sunflower Bank N.A. now owns 5,573 shares of the railroad operator’s stock valued at $1,369,000 after buying an additional 43 shares during the period. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on UNP. JPMorgan Chase & Co. increased their target price on shares of Union Pacific from $237.00 to $243.00 and gave the company a “neutral” rating in a research note on Tuesday, April 9th. Royal Bank of Canada decreased their price objective on shares of Union Pacific from $282.00 to $272.00 and set an “outperform” rating for the company in a research note on Friday, January 26th. TD Cowen upped their target price on Union Pacific from $252.00 to $258.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Jefferies Financial Group assumed coverage on Union Pacific in a research note on Monday, April 8th. They set a “hold” rating and a $250.00 price target for the company. Finally, UBS Group boosted their price objective on Union Pacific from $235.00 to $248.00 and gave the company a “neutral” rating in a report on Friday, January 26th. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $258.78.

Insider Buying and Selling

In other Union Pacific news, President Elizabeth F. Whited sold 3,750 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $250.00, for a total value of $937,500.00. Following the completion of the transaction, the president now owns 56,682 shares of the company’s stock, valued at $14,170,500. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.26% of the stock is owned by company insiders.

Union Pacific Stock Down 0.9 %

UNP traded down $2.20 on Wednesday, hitting $234.96. The company had a trading volume of 1,651,663 shares, compared to its average volume of 2,310,975. The stock has a market capitalization of $143.35 billion, a price-to-earnings ratio of 22.50, a P/E/G ratio of 2.57 and a beta of 1.07. The stock has a fifty day moving average price of $243.95 and a 200-day moving average price of $235.77. Union Pacific Co. has a 12-month low of $190.71 and a 12-month high of $258.66. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.76 and a current ratio of 0.93.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, April 25th. The railroad operator reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.50 by $0.19. The business had revenue of $6.03 billion for the quarter, compared to analyst estimates of $5.97 billion. Union Pacific had a net margin of 26.52% and a return on equity of 44.34%. The business’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the company earned $2.67 earnings per share. Analysts predict that Union Pacific Co. will post 11.17 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, February 29th were given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend was Wednesday, February 28th. Union Pacific’s payout ratio is currently 49.62%.

Union Pacific Profile

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.