Lincoln National Corp Decreases Stake in Union Pacific Co. (NYSE:UNP)

Lincoln National Corp lowered its position in Union Pacific Co. (NYSE:UNP – Get Rating) by 15.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,235 shares of the railroad operator’s stock after selling 1,903 shares during the quarter. Lincoln National Corp’s holdings in Union Pacific were worth $1,994,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB lifted its stake in Union Pacific by 8.7% in the third quarter. Nordea Investment Management AB now owns 50,653 shares of the railroad operator’s stock worth $10,083,000 after acquiring an additional 4,051 shares during the last quarter. Sawtooth Solutions LLC lifted its position in shares of Union Pacific by 9.3% during the 2nd quarter. Sawtooth Solutions LLC now owns 6,717 shares of the railroad operator’s stock worth $1,433,000 after buying an additional 574 shares during the last quarter. Kesler Norman & Wride LLC lifted its position in shares of Union Pacific by 1.4% during the 3rd quarter. Kesler Norman & Wride LLC now owns 29,591 shares of the railroad operator’s stock worth $5,765,000 after buying an additional 402 shares during the last quarter. PFS Investments Inc. lifted its position in shares of Union Pacific by 10.5% during the 2nd quarter. PFS Investments Inc. now owns 30,842 shares of the railroad operator’s stock worth $6,578,000 after buying an additional 2,919 shares during the last quarter. Finally, James Hambro & Partners lifted its position in shares of Union Pacific by 6.9% during the 2nd quarter. James Hambro & Partners now owns 301,951 shares of the railroad operator’s stock worth $64,414,000 after buying an additional 19,400 shares during the last quarter. Hedge funds and other institutional investors own 77.27% of the company’s stock.

Union Pacific Stock Performance

Shares of UNP opened at $210.13 on Tuesday. The company has a debt-to-equity ratio of 2.70, a quick ratio of 0.63 and a current ratio of 0.77. The stock has a market capitalization of $129.19 billion, a P/E ratio of 18.74, a P/E/G ratio of 1.79 and a beta of 1.11. The company’s fifty day moving average is $211.15 and its two-hundred day moving average is $213.02. Union Pacific Co. has a 1 year low of $183.70 and a 1 year high of $278.94.

Union Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 29th. Shareholders of record on Monday, December 19th were paid a $1.30 dividend. The ex-dividend date of this dividend was Friday, December 16th. This represents a $5.20 annualized dividend and a yield of 2.47%. Union Pacific’s dividend payout ratio is currently 46.39%.

Analyst Ratings Changes

Several analysts have recently weighed in on UNP shares. Credit Suisse Group reduced their price objective on shares of Union Pacific from $244.00 to $232.00 and set an “outperform” rating for the company in a research report on Friday, October 21st. Argus reduced their price objective on shares of Union Pacific from $275.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, October 21st. TD Securities reduced their price objective on shares of Union Pacific from $225.00 to $215.00 and set a “hold” rating for the company in a research report on Friday, October 21st. Susquehanna Bancshares reduced their price objective on shares of Union Pacific from $208.00 to $200.00 and set a “neutral” rating for the company in a research report on Friday, October 21st. Finally, UBS Group reduced their price objective on shares of Union Pacific from $212.00 to $210.00 and set a “neutral” rating for the company in a research report on Friday, October 21st. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Union Pacific presently has a consensus rating of “Hold” and a consensus target price of $219.52.

Union Pacific Profile

(Get Rating)

Union Pacific Corp. engages in the provision of railroad and freight transportation services. Its principal operating company, Union Pacific Railroad Co, operates as a railroad franchise. The Railroad’s diversified business mix includes agricultural products, automotive, chemicals, coal, industrial products, and intermodal.