Byrne Asset Management LLC Has $160,000 Stock Holdings in Union Pacific Co. (NYSE:UNP)

Byrne Asset Management LLC cut its holdings in Union Pacific Co. (NYSE:UNP) by 13.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 652 shares of the railroad operator’s stock after selling 101 shares during the quarter. Byrne Asset Management LLC’s holdings in Union Pacific were worth $160,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC raised its position 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 during the period. Morgan Stanley boosted its stake in shares of Union Pacific by 10.9% in the 4th quarter. Morgan Stanley now owns 8,983,932 shares of the railroad operator’s stock valued at $1,860,303,000 after purchasing an additional 883,963 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Union Pacific by 0.3% in the 3rd quarter. Wellington Management Group LLP now owns 7,261,449 shares of the railroad operator’s stock valued at $1,478,649,000 after purchasing an additional 19,145 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Union Pacific by 4.4% in the 3rd quarter. Northern Trust Corp now owns 6,803,796 shares of the railroad operator’s stock valued at $1,385,457,000 after purchasing an additional 285,988 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Union Pacific in the 4th quarter valued at $1,276,498,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Sanford C. Bernstein upgraded shares of Union Pacific from a “market perform” rating to an “outperform” rating and set a $280.00 target price on the stock in a research note on Monday, January 22nd. Benchmark boosted their target price on shares of Union Pacific from $260.00 to $266.00 and gave the company a “buy” rating in a research note on Wednesday. The Goldman Sachs Group upped their price target on shares of Union Pacific from $248.00 to $274.00 and gave the stock a “buy” rating in a research report on Thursday. UBS Group upped their price target on shares of Union Pacific from $235.00 to $248.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. Finally, Royal Bank of Canada reduced their price target on shares of Union Pacific from $282.00 to $272.00 and set an “outperform” rating on the stock in a research report on Friday, January 26th. Eight equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $253.48.

Insider Activity at Union Pacific

In other Union Pacific news, President Elizabeth F. Whited sold 3,750 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $250.00, for a total transaction of $937,500.00. Following the transaction, the president now directly owns 56,682 shares in the company, valued at approximately $14,170,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.28% of the stock is currently owned by company insiders.

Union Pacific Stock Down 0.7 %

Shares of NYSE UNP opened at $234.40 on Friday. 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 has a market cap of $143.01 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 2.54 and a beta of 1.07. Union Pacific Co. has a 12 month low of $190.37 and a 12 month high of $258.66. The stock has a 50-day moving average price of $247.04 and a two-hundred day moving average price of $232.96.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, January 25th. The railroad operator reported $2.71 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 the consensus estimate of $6.05 billion. Union Pacific had a return on equity of 46.87% and a net margin of 26.45%. The business’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.67 earnings per share. As a group, analysts forecast that Union Pacific Co. will post 11 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, February 29th were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.22%. The ex-dividend date was Wednesday, February 28th. Union Pacific’s payout ratio is presently 49.71%.

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.