Clear Harbor Asset Management LLC Buys 290 Shares of Union Pacific Co. (NYSE:UNP)

Clear Harbor Asset Management LLC increased its position in Union Pacific Co. (NYSE:UNP) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,620 shares of the railroad operator’s stock after purchasing an additional 290 shares during the period. Clear Harbor Asset Management LLC’s holdings in Union Pacific were worth $5,842,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of UNP. Strategic Investment Solutions Inc. IL purchased a new position in shares of Union Pacific in the second quarter worth $28,000. Catalyst Capital Advisors LLC bought a new stake in Union Pacific in the 3rd quarter worth about $30,000. Fairscale Capital LLC purchased a new position in Union Pacific in the 2nd quarter worth about $31,000. Jamison Private Wealth Management Inc. lifted its stake in Union Pacific by 265.7% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 128 shares of the railroad operator’s stock valued at $32,000 after acquiring an additional 93 shares during the period. Finally, Peterson Financial Group Inc. purchased a new stake in shares of Union Pacific during the 3rd quarter valued at about $32,000. 80.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. StockNews.com downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. JPMorgan Chase & Co. reduced their price objective on Union Pacific from $263.00 to $252.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Barclays raised their target price on Union Pacific from $275.00 to $285.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Royal Bank of Canada cut their target price on shares of Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Finally, TD Cowen decreased their price objective on Union Pacific from $255.00 to $252.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $259.35.

Union Pacific Trading Down 0.4 %

UNP opened at $233.99 on Tuesday. Union Pacific Co. has a 12 month low of $218.55 and a 12 month high of $258.66. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79. The stock has a 50-day moving average of $233.83 and a 200 day moving average of $239.04. The firm has a market cap of $141.86 billion, a P/E ratio of 21.49, a P/E/G ratio of 2.11 and a beta of 1.06.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing the consensus estimate of $2.78 by ($0.03). The company had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.14 billion. Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.51 EPS. As a group, research analysts forecast that Union Pacific Co. will post 10.96 EPS for the current year.

Union Pacific Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were paid a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.29%. Union Pacific’s dividend payout ratio is presently 49.22%.

About Union Pacific

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.