Concurrent Investment Advisors LLC Trims Holdings in Union Pacific Co. (NYSE:UNP)

Concurrent Investment Advisors LLC reduced its stake in shares of Union Pacific Co. (NYSE:UNP) by 3.6% in the fourth quarter, Holdings Channel reports. The firm owned 18,202 shares of the railroad operator’s stock after selling 689 shares during the period. Concurrent Investment Advisors LLC’s holdings in Union Pacific were worth $4,151,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in UNP. Advyzon Investment Management LLC bought a new position in Union Pacific in the 4th quarter worth about $408,000. Handelsbanken Fonder AB raised its stake in shares of Union Pacific by 9.3% during the fourth quarter. Handelsbanken Fonder AB now owns 283,302 shares of the railroad operator’s stock valued at $64,604,000 after acquiring an additional 24,148 shares in the last quarter. Corps Capital Advisors LLC purchased a new stake in shares of Union Pacific in the fourth quarter valued at approximately $1,140,000. Ieq Capital LLC grew its stake in Union Pacific by 3.2% in the fourth quarter. Ieq Capital LLC now owns 32,522 shares of the railroad operator’s stock worth $7,416,000 after purchasing an additional 1,001 shares in the last quarter. Finally, Private Wealth Partners LLC increased its holdings in Union Pacific by 2.7% during the 4th quarter. Private Wealth Partners LLC now owns 3,083 shares of the railroad operator’s stock worth $703,000 after purchasing an additional 82 shares during the period. 80.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on UNP. Barclays increased their price target on Union Pacific from $275.00 to $285.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Loop Capital cut shares of Union Pacific from a “hold” rating to a “sell” rating and dropped their target price for the stock from $265.00 to $200.00 in a report on Monday, February 3rd. BMO Capital Markets boosted their price target on shares of Union Pacific from $275.00 to $277.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Wells Fargo & Company dropped their price objective on shares of Union Pacific from $267.00 to $265.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Finally, TD Cowen boosted their price objective on shares of Union Pacific from $245.00 to $258.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $261.40.

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $247.64 on Friday. The company has a 50 day moving average price of $237.47 and a 200 day moving average price of $240.61. The firm has a market capitalization of $149.64 billion, a P/E ratio of 22.33, a PEG ratio of 2.18 and a beta of 1.06. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 1.76. Union Pacific Co. has a 52 week low of $218.55 and a 52 week high of $258.66.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.76 by $0.15. Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. During the same quarter last year, the firm earned $2.71 EPS. Sell-side analysts expect that Union Pacific Co. will post 11.99 EPS for the current year.

Union Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Friday, February 28th. Union Pacific’s payout ratio is 48.33%.

Insider Buying and Selling

In other Union Pacific news, President Elizabeth F. Whited sold 7,500 shares of Union Pacific stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $250.00, for a total transaction of $1,875,000.00. Following the completion of the sale, the president now directly owns 64,960 shares in the company, valued at approximately $16,240,000. The trade was a 10.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Craig V. Richardson sold 6,495 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $252.00, for a total transaction of $1,636,740.00. Following the completion of the sale, the executive vice president now directly owns 26,319 shares in the company, valued at $6,632,388. This trade represents a 19.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.

About Union Pacific

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.