E. Ohman J or Asset Management AB Sells 2,093 Shares of Union Pacific Co. (NYSE:UNP)

E. Ohman J or Asset Management AB reduced its holdings in shares of Union Pacific Co. (NYSE:UNP - Free Report) by 7.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,430 shares of the railroad operator's stock after selling 2,093 shares during the quarter. E. Ohman J or Asset Management AB's holdings in Union Pacific were worth $6,244,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in UNP. Norges Bank purchased a new position in Union Pacific during the fourth quarter worth about $1,927,377,000. Raymond James Financial Inc. bought a new stake in shares of Union Pacific in the fourth quarter valued at approximately $1,035,905,000. GAMMA Investing LLC raised its position in shares of Union Pacific by 27,502.8% in the first quarter. GAMMA Investing LLC now owns 2,491,151 shares of the railroad operator's stock valued at $588,510,000 after purchasing an additional 2,482,126 shares during the period. Geode Capital Management LLC raised its position in shares of Union Pacific by 12.6% in the fourth quarter. Geode Capital Management LLC now owns 14,430,581 shares of the railroad operator's stock valued at $3,282,305,000 after purchasing an additional 1,616,895 shares during the period. Finally, Capital Research Global Investors increased its holdings in Union Pacific by 14.3% during the 4th quarter. Capital Research Global Investors now owns 10,395,364 shares of the railroad operator's stock worth $2,370,559,000 after acquiring an additional 1,298,178 shares during the period. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Stock Performance

Union Pacific stock traded up $2.74 during midday trading on Friday, reaching $223.39. 2,953,392 shares of the company traded hands, compared to its average volume of 2,678,020. The firm has a market capitalization of $133.47 billion, a price-to-earnings ratio of 20.14, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05. The business has a 50 day moving average of $220.25 and a two-hundred day moving average of $232.23. Union Pacific Co. has a 12 month low of $204.66 and a 12 month high of $258.07. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.77 and a quick ratio of 0.62.

Union Pacific (NYSE:UNP - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.11 billion. Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. The firm's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the company earned $2.69 EPS. As a group, research analysts predict that Union Pacific Co. will post 11.99 earnings per share for the current year.

Union Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be given a $1.34 dividend. The ex-dividend date is Friday, May 30th. This represents a $5.36 annualized dividend and a yield of 2.40%. Union Pacific's payout ratio is presently 48.29%.

Analyst Upgrades and Downgrades

UNP has been the topic of a number of research analyst reports. Stifel Nicolaus decreased their price target on shares of Union Pacific from $270.00 to $248.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Union Pacific in a research report on Friday, March 7th. They set a "buy" rating and a $295.00 price target for the company. Susquehanna lowered their price objective on shares of Union Pacific from $255.00 to $245.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Wells Fargo & Company lowered their price objective on shares of Union Pacific from $265.00 to $260.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Finally, Barclays reduced their price target on shares of Union Pacific from $285.00 to $260.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Union Pacific currently has a consensus rating of "Moderate Buy" and an average target price of $257.74.

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.