Ninepoint Partners LP Sells 554 Shares of Union Pacific Co. (NYSE:UNP)

Ninepoint Partners LP lowered its position in shares of Union Pacific Co. (NYSE:UNP) by 8.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,403 shares of the railroad operator’s stock after selling 554 shares during the period. Union Pacific accounts for approximately 0.2% of Ninepoint Partners LP’s investment portfolio, making the stock its 19th biggest holding. Ninepoint Partners LP’s holdings in Union Pacific were worth $1,573,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Moneta Group Investment Advisors LLC raised its holdings in Union Pacific by 90,390.6% in the 4th 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 acquiring an additional 13,682,419 shares in the last quarter. Norges Bank bought a new position in shares of Union Pacific in the 4th quarter valued at $1,276,498,000. Clearbridge Investments LLC increased its stake in shares of Union Pacific by 108.9% in the 3rd quarter. Clearbridge Investments LLC now owns 4,128,575 shares of the railroad operator’s stock valued at $840,702,000 after purchasing an additional 2,151,893 shares during the last quarter. FMR LLC increased its stake in shares of Union Pacific by 62.8% in the 3rd quarter. FMR LLC now owns 5,496,708 shares of the railroad operator’s stock valued at $1,119,295,000 after purchasing an additional 2,119,382 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Union Pacific by 638.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,014,327 shares of the railroad operator’s stock valued at $550,334,000 after purchasing an additional 1,741,490 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on UNP. Susquehanna lifted their price target on Union Pacific from $245.00 to $255.00 and gave the company a “neutral” rating in a research note on Thursday, March 28th. Jefferies Financial Group began coverage on Union Pacific in a research note on Monday, April 8th. They issued a “hold” rating and a $250.00 price target on the stock. Raymond James lifted their price target on Union Pacific from $240.00 to $275.00 and gave the company a “strong-buy” rating in a research note on Tuesday, January 16th. Royal Bank of Canada reduced their price objective on Union Pacific from $282.00 to $272.00 and set an “outperform” rating on the stock in a research report on Friday, January 26th. Finally, TD Cowen boosted their price objective on Union Pacific from $228.00 to $251.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $253.48.

Union Pacific Trading Up 0.7 %

Shares of NYSE UNP traded up $1.71 during trading on Friday, reaching $231.52. The company had a trading volume of 713,881 shares, compared to its average volume of 2,282,063. The company’s fifty day moving average price is $245.64 and its 200-day moving average price is $233.53. Union Pacific Co. has a 12 month low of $190.37 and a 12 month high of $258.66. The stock has a market cap of $141.25 billion, a P/E ratio of 22.13, a PEG ratio of 2.48 and a beta of 1.07. The company has a quick ratio of 0.67, a current ratio of 0.81 and a debt-to-equity ratio of 2.11.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, January 25th. The railroad operator reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.56 by $0.15. The firm had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.05 billion. Union Pacific had a return on equity of 46.87% and a net margin of 26.45%. The business’s revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.67 EPS. As a group, research analysts expect that Union Pacific Co. will post 11.01 earnings per share for the current year.

Union Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 29th were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date was Wednesday, February 28th. Union Pacific’s dividend payout ratio is 49.71%.

Insider Activity

In other news, President Elizabeth F. Whited sold 3,750 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $250.00, for a total value of $937,500.00. Following the transaction, the president now directly owns 56,682 shares of the company’s stock, valued at approximately $14,170,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is owned by company insiders.

Union Pacific Profile

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.