Hartford Investment Management Co. Has $10.09 Million Stock Holdings in Union Pacific Co. (NYSE:UNP)

Hartford Investment Management Co. cut its position in shares of Union Pacific Co. (NYSE:UNPFree Report) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,081 shares of the railroad operator’s stock after selling 1,045 shares during the quarter. Hartford Investment Management Co.’s holdings in Union Pacific were worth $10,090,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Moneta Group Investment Advisors LLC lifted its holdings in shares of Union Pacific by 90,390.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 13,697,556 shares of the railroad operator’s stock valued at $2,836,353,000 after purchasing an additional 13,682,419 shares in the last quarter. Norges Bank purchased a new stake in Union Pacific during the 4th quarter worth about $1,276,498,000. Clearbridge Investments LLC increased its position in shares of Union Pacific by 108.9% during the third quarter. Clearbridge Investments LLC now owns 4,128,575 shares of the railroad operator’s stock valued at $840,702,000 after buying an additional 2,151,893 shares during the period. FMR LLC boosted its position in shares of Union Pacific by 62.8% in the third quarter. FMR LLC now owns 5,496,708 shares of the railroad operator’s stock valued at $1,119,295,000 after acquiring an additional 2,119,382 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in Union Pacific by 638.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,014,327 shares of the railroad operator’s stock valued at $550,334,000 after acquiring an additional 1,741,490 shares in the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Union Pacific Stock Up 0.0 %

Shares of UNP traded up $0.05 during trading hours on Wednesday, hitting $242.58. The company had a trading volume of 735,576 shares, compared to its average volume of 2,336,833. Union Pacific Co. has a one year low of $190.37 and a one year high of $258.66. The company has a market capitalization of $148.00 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 2.64 and a beta of 1.07. The company has a current ratio of 0.81, a quick ratio of 0.67 and a debt-to-equity ratio of 2.11. The company’s fifty day moving average price is $247.93 and its two-hundred day moving average price is $231.50.

Union Pacific (NYSE:UNPGet Free Report) last issued its earnings results on Thursday, January 25th. The railroad operator reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.15. The firm had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.05 billion. Union Pacific had a net margin of 26.45% and a return on equity of 46.87%. The firm’s revenue was down .3% compared to the same quarter last year. During the same quarter last year, the company posted $2.67 earnings per share. As a group, equities analysts forecast that Union Pacific Co. will post 10.94 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 29th were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date was Wednesday, February 28th. Union Pacific’s dividend payout ratio (DPR) is 49.71%.

Analyst Ratings Changes

UNP has been the topic of a number of recent analyst reports. Royal Bank of Canada lowered their target price on shares of Union Pacific from $282.00 to $272.00 and set an “outperform” rating on the stock in a research note on Friday, January 26th. UBS Group boosted their price objective on shares of Union Pacific from $235.00 to $248.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. Sanford C. Bernstein raised shares of Union Pacific from a “market perform” rating to an “outperform” rating and set a $280.00 price objective on the stock in a research report on Monday, January 22nd. Benchmark reissued a “buy” rating and issued a $260.00 target price on shares of Union Pacific in a research report on Friday, January 26th. Finally, StockNews.com cut shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Monday, March 18th. Seven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Union Pacific has a consensus rating of “Moderate Buy” and an average price target of $251.33.

Get Our Latest Analysis on UNP

Insider Activity at Union Pacific

In related news, President Elizabeth F. Whited sold 3,750 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $250.00, for a total value of $937,500.00. Following the completion of the sale, the president now owns 56,682 shares in the company, valued at $14,170,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.30% of the company’s stock.

About Union Pacific

(Free Report)

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.

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

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