Freestone Capital Holdings LLC Has $14.19 Million Holdings in Union Pacific Corporation $UNP

Key Points

• Freestone Capital Holdings LLC trimmed its stake in Union Pacific by 24.6% in Q4, selling 19,971 shares and holding 61,340 shares valued at about $14.19 million at quarter-end.
• Analysts maintain a consensus “Moderate Buy” on UNP with a $266.71 average target, and several brokerages have recently raised targets (Citigroup to $285, Sanford C. Bernstein to $293).
• Union Pacific slightly missed quarterly estimates—EPS $2.86 vs. $2.92 expected and revenue $6.09B (down 0.6% y/y)—and pays a quarterly dividend of $1.38 (annualized $5.52, yield ~2.2%).

Freestone Capital Holdings LLC cut its position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 24.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,340 shares of the railroad operator's stock after selling 19,971 shares during the quarter. Freestone Capital Holdings LLC's holdings in Union Pacific were worth $14,189,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Stephens Consulting LLC boosted its stake in Union Pacific by 48.4% during the fourth quarter. Stephens Consulting LLC now owns 135 shares of the railroad operator's stock worth $31,000 after acquiring an additional 44 shares in the last quarter. Howard Capital Management Group LLC boosted its stake in Union Pacific by 2.0% during the third quarter. Howard Capital Management Group LLC now owns 2,252 shares of the railroad operator's stock worth $532,000 after acquiring an additional 45 shares in the last quarter. Prestige Wealth Management Group LLC boosted its stake in Union Pacific by 1.4% during the third quarter. Prestige Wealth Management Group LLC now owns 3,186 shares of the railroad operator's stock worth $753,000 after acquiring an additional 45 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its stake in Union Pacific by 0.9% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 4,988 shares of the railroad operator's stock worth $1,154,000 after acquiring an additional 45 shares in the last quarter. Finally, Keebeck Wealth Management boosted its stake in Union Pacific by 1.7% during the third quarter. Keebeck Wealth Management now owns 2,691 shares of the railroad operator's stock worth $636,000 after acquiring an additional 45 shares in the last quarter. 80.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on UNP. The Goldman Sachs Group reissued a "neutral" rating and set a $267.00 target price on shares of Union Pacific in a research note on Tuesday, January 27th. Citigroup increased their target price on shares of Union Pacific from $270.00 to $285.00 and gave the stock a "buy" rating in a research note on Tuesday, April 7th. Sanford C. Bernstein increased their target price on shares of Union Pacific from $289.00 to $293.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 31st. Susquehanna reissued a "buy" rating on shares of Union Pacific in a research note on Monday, January 19th. Finally, Weiss Ratings raised shares of Union Pacific from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $266.71.

Insider Activity

In other news, EVP Eric J. Gehringer sold 1,999 shares of Union Pacific stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $234.93, for a total transaction of $469,625.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.22% of the stock is owned by corporate insiders.

Union Pacific Stock Up 0.3%

Shares of NYSE UNP opened at $251.26 on Tuesday. The stock has a market capitalization of $149.09 billion, a P/E ratio of 20.99, a P/E/G ratio of 3.05 and a beta of 0.96. The company has a 50-day moving average price of $251.75 and a 200-day moving average price of $237.10. Union Pacific Corporation has a 1 year low of $206.63 and a 1 year high of $268.14. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.91 and a quick ratio of 0.75.

Union Pacific (NYSE:UNP - Get Free Report) last issued its quarterly earnings data on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.92 by ($0.06). The business had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.15 billion. Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. The firm's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.91 earnings per share. On average, equities research analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th were issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Friday, February 27th. Union Pacific's dividend payout ratio (DPR) is currently 46.12%.

Union Pacific Company Profile

Union Pacific Corporation NYSE: UNP is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific's core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.

Want to see what other hedge funds are holding UNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Pacific Corporation (NYSE:UNP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.