Western Wealth Management LLC Sells 4,535 Shares of Union Pacific Co. (NYSE:UNP)

Western Wealth Management LLC decreased its stake in shares of Union Pacific Co. (NYSE:UNP - Free Report) by 44.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,623 shares of the railroad operator's stock after selling 4,535 shares during the period. Western Wealth Management LLC's holdings in Union Pacific were worth $1,282,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fiduciary Trust Co raised its holdings in Union Pacific by 2.8% in the fourth quarter. Fiduciary Trust Co now owns 102,213 shares of the railroad operator's stock worth $23,309,000 after buying an additional 2,807 shares during the last quarter. abrdn plc increased its position in shares of Union Pacific by 9.3% during the fourth quarter. abrdn plc now owns 415,874 shares of the railroad operator's stock valued at $94,588,000 after acquiring an additional 35,414 shares in the last quarter. Sherbrooke Park Advisers LLC purchased a new position in Union Pacific in the 4th quarter worth approximately $781,000. Pinnbrook Capital Management LP bought a new position in Union Pacific in the 4th quarter valued at approximately $3,954,000. Finally, Tokio Marine Asset Management Co. Ltd. lifted its position in Union Pacific by 128.3% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 36,798 shares of the railroad operator's stock valued at $8,391,000 after acquiring an additional 20,681 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company's stock.

Union Pacific Trading Down 0.3%

NYSE:UNP traded down $0.67 during midday trading on Wednesday, hitting $223.68. The stock had a trading volume of 820,733 shares, compared to its average volume of 2,640,565. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 1.76. The stock has a 50-day moving average of $222.51 and a 200 day moving average of $233.07. The company has a market capitalization of $133.64 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 2.15 and a beta of 1.07. Union Pacific Co. has a one year low of $204.66 and a one year high of $258.07.

Union Pacific (NYSE:UNP - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The railroad operator reported $2.70 EPS for the quarter, missing the consensus estimate of $2.73 by ($0.03). The firm had revenue of $6.03 billion for the quarter, compared to analysts' expectations of $6.11 billion. Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. The business's quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.69 EPS. As a group, sell-side analysts forecast that Union Pacific Co. will post 11.99 EPS for the current year.

Union Pacific Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on UNP. Jefferies Financial Group decreased their price target on Union Pacific from $255.00 to $230.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Bank of America boosted their target price on Union Pacific from $256.00 to $262.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. UBS Group dropped their price target on shares of Union Pacific from $255.00 to $245.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Stifel Nicolaus decreased their price objective on shares of Union Pacific from $270.00 to $248.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Loop Capital downgraded shares of Union Pacific from a "hold" rating to a "sell" rating and lowered their price objective for the company from $265.00 to $200.00 in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $257.50.

Union Pacific 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.