Wharton Business Group LLC Sells 2,300 Shares of Union Pacific Corporation $UNP

Wharton Business Group LLC lowered its holdings in Union Pacific Corporation (NYSE:UNP) by 8.4% in the 4th quarter, HoldingsChannel reports. The firm owned 25,021 shares of the railroad operator’s stock after selling 2,300 shares during the quarter. Wharton Business Group LLC’s holdings in Union Pacific were worth $5,788,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Rachor Investment Advisory Services LLC bought a new position in shares of Union Pacific during the 4th quarter worth approximately $25,000. Tucker Asset Management LLC acquired a new position in Union Pacific during the 4th quarter valued at approximately $25,000. High Point Wealth Management LLC acquired a new position in Union Pacific during the 4th quarter valued at approximately $26,000. Caitlin John LLC acquired a new position in Union Pacific during the 3rd quarter valued at approximately $27,000. Finally, Saranac Partners Ltd acquired a new position in Union Pacific during the 3rd quarter valued at approximately $27,000. Institutional investors own 80.38% of the company’s stock.

Union Pacific Price Performance

Union Pacific stock opened at $272.28 on Friday. Union Pacific Corporation has a 12-month low of $210.84 and a 12-month high of $279.70. The stock has a market cap of $161.66 billion, a P/E ratio of 22.43, a PEG ratio of 2.80 and a beta of 0.97. The company has a 50-day moving average price of $259.32 and a 200 day moving average price of $247.03. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.53.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.07. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The firm had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.12 billion. During the same period last year, the business earned $2.70 earnings per share. Union Pacific’s revenue was up 3.2% compared to the same quarter last year. Sell-side analysts anticipate that Union Pacific Corporation will post 12.53 earnings per share for the current year.

Union Pacific Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, May 29th. Union Pacific’s dividend payout ratio (DPR) is 45.47%.

Insiders Place Their Bets

In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total transaction of $789,504.36. Following the completion of the transaction, the executive vice president owned 43,012 shares of the company’s stock, valued at $11,353,447.52. This trade represents a 6.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Jennifer L. Hamann sold 2,000 shares of the stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $274.70, for a total transaction of $549,400.00. Following the transaction, the chief financial officer directly owned 114,642 shares of the company’s stock, valued at approximately $31,492,157.40. This trade represents a 1.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 34,377 shares of company stock valued at $9,251,221 over the last 90 days. 0.22% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

UNP has been the topic of several recent research reports. Robert W. Baird set a $311.00 price objective on shares of Union Pacific and gave the company an “outperform” rating in a report on Friday, March 6th. Raymond James Financial set a $310.00 price target on shares of Union Pacific in a report on Friday, April 24th. Barclays reissued an “overweight” rating and set a $315.00 price target (up from $285.00) on shares of Union Pacific in a report on Friday, April 24th. TD Cowen increased their price objective on shares of Union Pacific from $256.00 to $282.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, Susquehanna reaffirmed a “positive” rating and set a $305.00 price objective on shares of Union Pacific in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $282.21.

Union Pacific Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two?thirds of the United States.