Union Pacific Co. (NYSE:UNP) Shares Sold by Polar Capital Holdings Plc

Polar Capital Holdings Plc cut its stake in shares of Union Pacific Co. (NYSE:UNP - Free Report) by 21.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 57,057 shares of the railroad operator's stock after selling 15,453 shares during the period. Polar Capital Holdings Plc's holdings in Union Pacific were worth $13,011,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Fiduciary Trust Co increased its position 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 in the last quarter. abrdn plc boosted its holdings in shares of Union Pacific by 9.3% during the 4th quarter. abrdn plc now owns 415,874 shares of the railroad operator's stock valued at $94,588,000 after purchasing an additional 35,414 shares during the last quarter. Border to Coast Pensions Partnership Ltd grew its holdings in Union Pacific by 24.2% during the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 277,267 shares of the railroad operator's stock valued at $63,185,000 after buying an additional 53,946 shares in the last quarter. Pinnbrook Capital Management LP purchased a new position in shares of Union Pacific in the fourth quarter valued at $3,954,000. Finally, Tokio Marine Asset Management Co. Ltd. raised its position in shares of Union Pacific by 128.3% during 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 buying an additional 20,681 shares in the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on UNP shares. Loop Capital cut Union Pacific from a "hold" rating to a "sell" rating and dropped their price objective for the stock from $265.00 to $200.00 in a research note on Monday, February 3rd. 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. Guggenheim increased their price target on shares of Union Pacific from $266.00 to $275.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Robert W. Baird upped their target price on Union Pacific from $260.00 to $265.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. Finally, Jefferies Financial Group decreased their price objective on shares of Union Pacific from $255.00 to $230.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Union Pacific presently has an average rating of "Moderate Buy" and a consensus price target of $257.50.

Union Pacific Trading Down 0.9%

NYSE:UNP traded down $2.09 on Monday, reaching $229.33. The company's stock had a trading volume of 2,509,396 shares, compared to its average volume of 2,643,678. Union Pacific Co. has a 12-month low of $204.66 and a 12-month high of $258.07. The stock has a 50 day moving average price of $224.16 and a 200 day moving average price of $233.69. The firm has a market cap of $137.02 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 1.76.

Union Pacific (NYSE:UNP - Get Free Report) last posted its earnings results on Thursday, April 24th. The railroad operator reported $2.70 EPS for the quarter, missing analysts' consensus estimates of $2.73 by ($0.03). The company had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.11 billion. Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. The company's quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.69 EPS. On average, equities analysts anticipate that Union Pacific Co. will post 11.99 EPS for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be paid a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Friday, May 30th. Union Pacific's payout ratio is 48.29%.

Union Pacific Company 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.