Lord Abbett & CO. LLC Sells 167,390 Shares of Union Pacific Co. (NYSE:UNP)

Lord Abbett & CO. LLC decreased its holdings in shares of Union Pacific Co. (NYSE:UNP - Free Report) by 47.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 182,632 shares of the railroad operator's stock after selling 167,390 shares during the quarter. Lord Abbett & CO. LLC's holdings in Union Pacific were worth $41,647,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in Union Pacific in the fourth quarter valued at $1,927,377,000. Raymond James Financial Inc. purchased a new position in shares of Union Pacific during the fourth quarter valued at approximately $1,035,905,000. Geode Capital Management LLC increased its position in Union Pacific by 12.6% during the 4th quarter. Geode Capital Management LLC now owns 14,430,581 shares of the railroad operator's stock valued at $3,282,305,000 after buying an additional 1,616,895 shares in the last quarter. Capital Research Global Investors raised its stake in Union Pacific by 14.3% during the fourth quarter. Capital Research Global Investors now owns 10,395,364 shares of the railroad operator's stock valued at $2,370,559,000 after buying an additional 1,298,178 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its holdings in shares of Union Pacific by 74.7% during the fourth quarter. Vontobel Holding Ltd. now owns 2,146,990 shares of the railroad operator's stock valued at $489,600,000 after acquiring an additional 918,248 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on UNP. Stifel Nicolaus cut their price objective on shares of Union Pacific from $270.00 to $248.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Susquehanna decreased their target price on shares of Union Pacific from $255.00 to $245.00 and set a "neutral" rating for the company in a report on Friday. Wells Fargo & Company decreased their target price on shares of Union Pacific from $265.00 to $260.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Barclays decreased their target price on shares of Union Pacific from $285.00 to $260.00 and set an "overweight" rating for the company in a report on Friday. Finally, Benchmark lifted their target price on shares of Union Pacific from $266.00 to $275.00 and gave the stock a "buy" rating in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $257.86.

Union Pacific Price Performance

Shares of UNP traded down $0.76 during mid-day trading on Monday, reaching $212.53. The stock had a trading volume of 3,053,308 shares, compared to its average volume of 2,567,671. The firm has a market cap of $127.37 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 2.15 and a beta of 1.06. Union Pacific Co. has a 12 month low of $204.66 and a 12 month high of $258.07. The business has a fifty day moving average of $230.98 and a 200 day moving average of $235.43. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.77.

Union Pacific (NYSE:UNP - Get Free Report) last issued its earnings results on Thursday, April 24th. The railroad operator reported $2.70 earnings per share for the quarter, missing analysts' consensus estimates of $2.73 by ($0.03). Union Pacific had a return on equity of 41.12% and a net margin of 27.82%. The company had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.11 billion. During the same quarter in the prior year, the company posted $2.69 EPS. Union Pacific's revenue was down .1% compared to the same quarter last year. Equities analysts predict 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 was paid on Monday, March 31st. Investors of record on Friday, February 28th were given a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date was Friday, February 28th. Union Pacific's dividend payout ratio (DPR) is currently 48.29%.

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.