MGB Wealth Management LLC Cuts Holdings in Union Pacific Co. (NYSE:UNP)

MGB Wealth Management LLC reduced its position in shares of Union Pacific Co. (NYSE:UNP) by 77.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,550 shares of the railroad operator’s stock after selling 5,190 shares during the quarter. MGB Wealth Management LLC’s holdings in Union Pacific were worth $353,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. State Street Corp boosted its position in Union Pacific by 0.9% during the third quarter. State Street Corp now owns 24,788,337 shares of the railroad operator’s stock worth $6,109,829,000 after purchasing an additional 217,780 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Union Pacific by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 12,813,686 shares of the railroad operator’s stock worth $3,146,451,000 after buying an additional 182,620 shares during the period. Franklin Resources Inc. lifted its position in shares of Union Pacific by 9.3% during the 3rd quarter. Franklin Resources Inc. now owns 7,322,450 shares of the railroad operator’s stock valued at $1,795,993,000 after buying an additional 625,492 shares in the last quarter. Fisher Asset Management LLC grew its stake in Union Pacific by 2.3% in the 3rd quarter. Fisher Asset Management LLC now owns 6,285,585 shares of the railroad operator’s stock valued at $1,549,271,000 after acquiring an additional 143,896 shares during the period. Finally, FMR LLC increased its holdings in Union Pacific by 0.6% in the 3rd quarter. FMR LLC now owns 5,020,107 shares of the railroad operator’s stock worth $1,237,356,000 after acquiring an additional 31,899 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on UNP. Robert W. Baird boosted their price objective on Union Pacific from $260.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Susquehanna decreased their price objective on Union Pacific from $260.00 to $255.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Barclays upped their target price on shares of Union Pacific from $275.00 to $285.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Loop Capital downgraded shares of Union Pacific from a “hold” rating to a “sell” rating and cut their price target for the stock from $265.00 to $200.00 in a report on Monday, February 3rd. Finally, TD Cowen lifted their price target on shares of Union Pacific from $245.00 to $258.00 and gave the company a “buy” rating in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $261.40.

Union Pacific Trading Up 0.3 %

NYSE UNP opened at $248.49 on Thursday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.63 and a current ratio of 0.77. The firm has a market cap of $150.65 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 2.11 and a beta of 1.06. The firm has a 50 day simple moving average of $235.43 and a 200-day simple moving average of $240.31. Union Pacific Co. has a one year low of $218.55 and a one year high of $258.66.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, January 23rd. The railroad operator reported $2.91 EPS for the quarter, beating the consensus estimate of $2.76 by $0.15. Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. During the same period in the previous year, the firm posted $2.71 earnings per share. Equities research analysts anticipate that Union Pacific Co. will post 12.01 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a $1.34 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.36 dividend on an annualized basis and a yield of 2.16%. Union Pacific’s dividend payout ratio (DPR) is presently 48.33%.

Insider Buying and Selling

In other news, EVP Craig V. Richardson sold 6,495 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $252.00, for a total transaction of $1,636,740.00. Following the completion of the transaction, the executive vice president now directly owns 26,319 shares of the company’s stock, valued at approximately $6,632,388. The trade was a 19.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Elizabeth F. Whited sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $250.00, for a total transaction of $1,875,000.00. Following the sale, the president now owns 64,960 shares in the company, valued at $16,240,000. The trade was a 10.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by insiders.

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.