Cresset Asset Management LLC Decreases Stake in Union Pacific Co. (NYSE:UNP)

Cresset Asset Management LLC cut its holdings in Union Pacific Co. (NYSE:UNP - Free Report) by 56.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 35,853 shares of the railroad operator's stock after selling 46,464 shares during the quarter. Cresset Asset Management LLC's holdings in Union Pacific were worth $8,176,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in Union Pacific in the 4th quarter worth $1,927,377,000. Raymond James Financial Inc. purchased a new position in Union Pacific during the fourth quarter valued at $1,035,905,000. Geode Capital Management LLC increased its stake 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 worth $3,282,305,000 after buying an additional 1,616,895 shares in the last quarter. Capital Research Global Investors lifted its position in shares of Union Pacific by 14.3% in 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 acquiring an additional 1,298,178 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC acquired a new stake in shares of Union Pacific in the fourth quarter worth approximately $273,361,000. Institutional investors and hedge funds own 80.38% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft began coverage on Union Pacific in a report on Friday, March 7th. They issued a "buy" rating and a $295.00 price objective on the stock. Citigroup raised shares of Union Pacific from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $260.00 to $244.00 in a research note on Tuesday, April 8th. Robert W. Baird boosted their price target on shares of Union Pacific from $260.00 to $265.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Stifel Nicolaus cut 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, Jefferies Financial Group lowered their target price on Union Pacific from $255.00 to $230.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Union Pacific presently has an average rating of "Moderate Buy" and an average price target of $257.86.

Union Pacific Trading Down 0.3 %

Shares of NYSE:UNP traded down $0.64 during mid-day trading on Friday, reaching $216.20. 2,172,909 shares of the company were exchanged, compared to its average volume of 2,612,947. Union Pacific Co. has a 1 year low of $204.66 and a 1 year 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. The firm's 50-day simple moving average is $225.66 and its 200 day simple moving average is $233.73. The firm has a market cap of $129.17 billion, a price-to-earnings ratio of 19.50, a P/E/G ratio of 2.15 and a beta of 1.07.

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). Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. The firm had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.11 billion. During the same period in the previous year, the firm posted $2.69 earnings per share. The company's quarterly revenue was down .1% compared to the same quarter last year. Equities research 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 given a dividend of $1.34 per share. The ex-dividend date is Friday, May 30th. This represents a $5.36 annualized dividend and a dividend yield of 2.48%. Union Pacific's dividend payout ratio is presently 48.29%.

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.