Ameriprise Financial Inc. Sells 1,009,688 Shares of Union Pacific Co. (NYSE:UNP)

Ameriprise Financial Inc. reduced its stake in shares of Union Pacific Co. (NYSE:UNP - Free Report) by 11.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,872,443 shares of the railroad operator's stock after selling 1,009,688 shares during the quarter. Ameriprise Financial Inc. owned 1.30% of Union Pacific worth $1,795,221,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Alteri Wealth LLC acquired a new stake in Union Pacific in the 4th quarter valued at about $709,000. Aptus Capital Advisors LLC raised its position in shares of Union Pacific by 124.3% during the 4th quarter. Aptus Capital Advisors LLC now owns 17,957 shares of the railroad operator's stock worth $4,095,000 after purchasing an additional 9,952 shares during the last quarter. Aspire Growth Partners LLC purchased a new stake in Union Pacific in the 4th quarter valued at approximately $516,000. Accredited Wealth Management LLC purchased a new position in Union Pacific during the fourth quarter worth $86,000. Finally, AlTi Global Inc. lifted its position in shares of Union Pacific by 45.5% in the fourth quarter. AlTi Global Inc. now owns 14,394 shares of the railroad operator's stock valued at $3,306,000 after acquiring an additional 4,499 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Price Performance

UNP stock traded down $0.56 during trading hours on Friday, hitting $216.28. 1,167,181 shares of the stock traded hands, compared to its average volume of 3,002,871. Union Pacific Co. has a one year low of $204.66 and a one year high of $258.07. The stock has a 50-day simple moving average of $226.17 and a 200 day simple moving average of $233.96. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. The company has a market cap of $129.22 billion, a P/E 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 announced its earnings results on Thursday, April 24th. The railroad operator reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $6.11 billion. During the same period last year, the firm earned $2.69 earnings per share. Union Pacific's revenue for the quarter was down .1% compared to the same quarter last year. Equities analysts forecast that Union Pacific Co. will post 11.99 earnings per share for the current year.

Union Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be issued a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 2.48%. Union Pacific's dividend payout ratio is 48.29%.

Analyst Upgrades and Downgrades

UNP has been the subject of several research reports. TD Cowen boosted their price objective on shares of Union Pacific from $245.00 to $258.00 and gave the company a "buy" rating in a research note on Friday, January 24th. UBS Group reduced their target price on shares of Union Pacific from $255.00 to $245.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Loop Capital downgraded shares of Union Pacific from a "hold" rating to a "sell" rating and decreased their target price for the company from $265.00 to $200.00 in a research note on Monday, February 3rd. Susquehanna 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 research note on Friday, April 25th. Finally, BMO Capital Markets raised their target price on Union Pacific from $275.00 to $277.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $257.86.

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.