Fluent Financial LLC Cuts Holdings in Union Pacific Co. (NYSE:UNP)

Fluent Financial LLC decreased its position in Union Pacific Co. (NYSE:UNPGet Rating) by 4.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 10,697 shares of the railroad operator’s stock after selling 483 shares during the period. Union Pacific accounts for about 1.1% of Fluent Financial LLC’s portfolio, making the stock its 29th largest position. Fluent Financial LLC’s holdings in Union Pacific were worth $2,695,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA increased its holdings in Union Pacific by 5.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 11,056,408 shares of the railroad operator’s stock valued at $2,785,441,000 after buying an additional 560,523 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Union Pacific by 1.4% in the third quarter. Geode Capital Management LLC now owns 10,242,572 shares of the railroad operator’s stock valued at $2,002,312,000 after purchasing an additional 141,498 shares during the period. Soroban Capital Partners LP grew its position in shares of Union Pacific by 48.5% in the third quarter. Soroban Capital Partners LP now owns 5,465,343 shares of the railroad operator’s stock valued at $1,071,262,000 after purchasing an additional 1,784,379 shares during the period. Morgan Stanley grew its position in shares of Union Pacific by 0.6% in the second quarter. Morgan Stanley now owns 5,149,414 shares of the railroad operator’s stock valued at $1,132,511,000 after purchasing an additional 32,190 shares during the period. Finally, Franklin Resources Inc. grew its position in shares of Union Pacific by 23.8% in the third quarter. Franklin Resources Inc. now owns 5,118,974 shares of the railroad operator’s stock valued at $1,003,371,000 after purchasing an additional 984,417 shares during the period. 80.26% of the stock is owned by institutional investors.

In other news, EVP Kenyatta G. Rocker sold 4,018 shares of the business’s stock in a transaction that occurred on Thursday, April 21st. The shares were sold at an average price of $250.00, for a total value of $1,004,500.00. Following the sale, the executive vice president now directly owns 41,177 shares of the company’s stock, valued at approximately $10,294,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.28% of the stock is currently owned by insiders.

Several analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their target price on shares of Union Pacific from $271.00 to $276.00 in a research report on Thursday, April 21st. UBS Group lowered shares of Union Pacific from a “buy” rating to a “neutral” rating and dropped their target price for the company from $283.00 to $267.00 in a research report on Friday, April 22nd. StockNews.com upgraded shares of Union Pacific from a “hold” rating to a “buy” rating in a research report on Wednesday. Cowen boosted their price target on shares of Union Pacific from $236.00 to $257.00 in a research report on Friday, January 21st. Finally, TD Securities boosted their price target on shares of Union Pacific from $265.00 to $275.00 and gave the stock a “hold” rating in a research report on Friday, April 22nd. Nine investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Union Pacific presently has an average rating of “Buy” and an average target price of $265.48.

NYSE:UNP traded down $2.92 on Friday, hitting $213.58. The stock had a trading volume of 3,772,724 shares, compared to its average volume of 3,636,119. The company has a fifty day moving average price of $245.53 and a two-hundred day moving average price of $245.90. The stock has a market cap of $134.13 billion, a price-to-earnings ratio of 20.30, a PEG ratio of 1.93 and a beta of 1.21. Union Pacific Co. has a 1-year low of $195.68 and a 1-year high of $278.94. The company has a quick ratio of 0.58, a current ratio of 0.71 and a debt-to-equity ratio of 2.58.

Union Pacific (NYSE:UNPGet Rating) last released its quarterly earnings results on Thursday, April 21st. The railroad operator reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.02. The business had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $5.76 billion. Union Pacific had a net margin of 30.06% and a return on equity of 50.20%. The business’s revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.00 EPS. As a group, analysts anticipate that Union Pacific Co. will post 11.64 earnings per share for the current year.

Union Pacific announced that its Board of Directors has authorized a stock repurchase program on Thursday, February 3rd that allows the company to buyback 100,000,000 outstanding shares. This buyback authorization allows the railroad operator to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Tuesday, May 31st will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.43%. This is an increase from Union Pacific’s previous quarterly dividend of $1.18. The ex-dividend date is Friday, May 27th. Union Pacific’s payout ratio is 44.87%.

Union Pacific Profile (Get Rating)

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, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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