Union Pacific Co. (NYSE:UNP) Shares Sold by Carnegie Investment Counsel

Carnegie Investment Counsel lessened its stake in shares of Union Pacific Co. (NYSE:UNP - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,212 shares of the railroad operator's stock after selling 8,336 shares during the quarter. Carnegie Investment Counsel's holdings in Union Pacific were worth $24,905,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in UNP. State Street Corp raised its position in shares of Union Pacific by 0.9% in the third quarter. State Street Corp now owns 24,788,337 shares of the railroad operator's stock valued at $6,109,829,000 after buying an additional 217,780 shares during the last quarter. Geode Capital Management LLC grew its stake in Union Pacific by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 12,813,686 shares of the railroad operator's stock worth $3,146,451,000 after acquiring an additional 182,620 shares during the period. Ameriprise Financial Inc. raised its holdings in Union Pacific by 1.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,312,154 shares of the railroad operator's stock valued at $1,880,701,000 after acquiring an additional 106,996 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Union Pacific by 9.3% during the 3rd quarter. Franklin Resources Inc. now owns 7,322,450 shares of the railroad operator's stock worth $1,795,993,000 after purchasing an additional 625,492 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in shares of Union Pacific by 2.3% during the third quarter. Fisher Asset Management LLC now owns 6,285,585 shares of the railroad operator's stock worth $1,549,271,000 after purchasing an additional 143,896 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. reduced 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 cut their price objective on shares of Union Pacific from $260.00 to $255.00 and set a "neutral" rating on the stock in a report on Friday, October 25th. Sanford C. Bernstein lowered their target price on shares of Union Pacific from $277.00 to $272.00 and set an "outperform" rating for the company in a report on Wednesday, October 9th. Wells Fargo & Company dropped their price target on shares of Union Pacific from $267.00 to $265.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. Finally, Royal Bank of Canada lowered their price objective on shares of Union Pacific from $288.00 to $283.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $259.35.

Union Pacific Stock Down 0.4 %

Shares of NYSE UNP traded down $0.90 during trading on Friday, reaching $233.99. 3,643,704 shares of the stock were exchanged, compared to its average volume of 2,493,791. The business's 50-day moving average price is $233.98 and its 200 day moving average price is $238.79. The company has a market capitalization of $141.86 billion, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 2.02 and a beta of 1.06. Union Pacific Co. has a twelve month low of $218.55 and a twelve month high of $258.66. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing analysts' consensus estimates of $2.78 by ($0.03). Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The firm had revenue of $6.09 billion during the quarter, compared to analysts' expectations of $6.14 billion. During the same period in the previous year, the company earned $2.51 earnings per share. The business's quarterly revenue was up 2.5% on a year-over-year basis. As a group, equities analysts forecast that Union Pacific Co. will post 10.95 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were paid a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $5.36 dividend on an annualized basis and a yield of 2.29%. Union Pacific's dividend payout ratio (DPR) is presently 49.22%.

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.