Oliver Luxxe Assets LLC Sells 50 Shares of Union Pacific Co. (NYSE:UNP)

Oliver Luxxe Assets LLC lessened its holdings in Union Pacific Co. (NYSE:UNP) by 0.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,492 shares of the railroad operator’s stock after selling 50 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Union Pacific were worth $2,088,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in UNP. Norges Bank purchased a new stake in shares of Union Pacific during the 4th quarter valued at approximately $1,832,127,000. Capital Research Global Investors grew its position in shares of Union Pacific by 23.1% in the fourth quarter. Capital Research Global Investors now owns 6,851,767 shares of the railroad operator’s stock valued at $1,682,931,000 after purchasing an additional 1,285,144 shares in the last quarter. Winslow Capital Management LLC bought a new stake in shares of Union Pacific during the 4th quarter valued at $293,162,000. The Manufacturers Life Insurance Company boosted its position in shares of Union Pacific by 65.5% in the third quarter. The Manufacturers Life Insurance Company now owns 2,348,496 shares of the railroad operator’s stock valued at $478,224,000 after acquiring an additional 929,495 shares during the period. Finally, Cerity Partners LLC grew its stake in Union Pacific by 331.7% during the fourth quarter. Cerity Partners LLC now owns 1,143,298 shares of the railroad operator’s stock valued at $280,817,000 after acquiring an additional 878,490 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

UNP has been the subject of several analyst reports. Wells Fargo & Company assumed coverage on shares of Union Pacific in a report on Friday, June 7th. They issued an “overweight” rating and a $270.00 price target for the company. JPMorgan Chase & Co. lifted their price target on Union Pacific from $237.00 to $243.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 9th. Morgan Stanley boosted their price target on shares of Union Pacific from $198.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. Benchmark upped their price target on shares of Union Pacific from $260.00 to $266.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Finally, The Goldman Sachs Group lifted their price objective on Union Pacific from $248.00 to $274.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $258.92.

Union Pacific Price Performance

Shares of UNP traded down $1.67 during trading hours on Monday, reaching $224.59. The company had a trading volume of 898,421 shares, compared to its average volume of 2,303,911. The company has a current ratio of 0.93, a quick ratio of 0.76 and a debt-to-equity ratio of 1.99. Union Pacific Co. has a 12-month low of $199.33 and a 12-month high of $258.66. The firm has a 50 day simple moving average of $233.31 and a 200-day simple moving average of $240.32. The company has a market capitalization of $137.03 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 1.92 and a beta of 1.07.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, April 25th. The railroad operator reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.19. Union Pacific had a return on equity of 44.34% and a net margin of 26.52%. The company had revenue of $6.03 billion for the quarter, compared to analyst estimates of $5.97 billion. During the same quarter in the prior year, the company earned $2.67 earnings per share. Union Pacific’s revenue was down .4% compared to the same quarter last year. Research analysts expect that Union Pacific Co. will post 11.22 earnings per share for the current year.

Union Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 31st were given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Friday, May 31st. Union Pacific’s dividend payout ratio is currently 49.62%.

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.