Drive Wealth Management LLC Trims Stock Position in Union Pacific Co. (NYSE:UNP)

Drive Wealth Management LLC lowered its stake in shares of Union Pacific Co. (NYSE:UNP) by 30.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,920 shares of the railroad operator’s stock after selling 829 shares during the period. Drive Wealth Management LLC’s holdings in Union Pacific were worth $438,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Traveka Wealth LLC raised its stake in shares of Union Pacific by 3.4% during the 3rd quarter. Traveka Wealth LLC now owns 1,357 shares of the railroad operator’s stock valued at $335,000 after buying an additional 45 shares during the last quarter. Red Mountain Financial LLC raised its stake in shares of Union Pacific by 2.0% during the 3rd quarter. Red Mountain Financial LLC now owns 2,276 shares of the railroad operator’s stock valued at $561,000 after buying an additional 45 shares during the last quarter. Roble Belko & Company Inc grew its position in shares of Union Pacific by 26.8% during the 4th quarter. Roble Belko & Company Inc now owns 213 shares of the railroad operator’s stock valued at $49,000 after acquiring an additional 45 shares during the period. Pflug Koory LLC grew its position in shares of Union Pacific by 0.5% during the 4th quarter. Pflug Koory LLC now owns 8,569 shares of the railroad operator’s stock valued at $1,954,000 after acquiring an additional 45 shares during the period. Finally, Regatta Capital Group LLC grew its position in shares of Union Pacific by 2.8% during the 4th quarter. Regatta Capital Group LLC now owns 1,672 shares of the railroad operator’s stock valued at $381,000 after acquiring an additional 46 shares during the period. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on UNP. Robert W. Baird raised their target price on Union Pacific from $260.00 to $265.00 and gave the company an “outperform” rating in a research report on Friday. Royal Bank of Canada dropped their target price on Union Pacific from $288.00 to $283.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. dropped their target price on Union Pacific from $263.00 to $252.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Susquehanna lowered their price objective on Union Pacific from $260.00 to $255.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Finally, StockNews.com cut Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Union Pacific has a consensus rating of “Moderate Buy” and a consensus price target of $263.30.

Union Pacific Stock Up 2.2 %

UNP stock opened at $254.19 on Tuesday. The firm has a market cap of $154.10 billion, a PE ratio of 23.34, a PEG ratio of 2.12 and a beta of 1.06. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77. The firm’s 50 day moving average price is $234.05 and its 200-day moving average price is $239.63. Union Pacific Co. has a one year low of $218.55 and a one year high of $258.66.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, January 23rd. The railroad operator reported $2.91 EPS for the quarter, beating the consensus estimate of $2.76 by $0.15. Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. During the same quarter last year, the firm posted $2.71 EPS. On average, equities research analysts anticipate that Union Pacific Co. will post 10.96 EPS for the current year.

Union Pacific Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were given a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend was Monday, December 9th. Union Pacific’s payout ratio is presently 48.33%.

Union Pacific Company 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.