E. Ohman J or Asset Management AB Reduces Holdings in Union Pacific Corporation $UNP

E. Ohman J or Asset Management AB lowered its stake in shares of Union Pacific Corporation (NYSE:UNP) by 20.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 20,510 shares of the railroad operator’s stock after selling 5,320 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Union Pacific were worth $4,744,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of UNP. Caitlin John LLC purchased a new stake in Union Pacific during the 3rd quarter worth approximately $27,000. Saranac Partners Ltd acquired a new position in Union Pacific during the 3rd quarter valued at approximately $27,000. Howard Hughes Medical Institute purchased a new position in shares of Union Pacific in the second quarter worth $30,000. Total Investment Management Inc. purchased a new position in shares of Union Pacific in the second quarter worth $31,000. Finally, Sagard Holdings Management Inc. acquired a new stake in shares of Union Pacific during the second quarter worth $33,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Trading Up 1.5%

Shares of Union Pacific stock opened at $238.44 on Tuesday. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.91 and a quick ratio of 0.75. The firm has a fifty day moving average price of $247.48 and a 200 day moving average price of $234.55. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $268.14. The stock has a market cap of $141.49 billion, a PE ratio of 19.92, a price-to-earnings-growth ratio of 2.56 and a beta of 0.95.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Tuesday, January 27th. The railroad operator reported $2.86 EPS for the quarter, missing the consensus estimate of $2.92 by ($0.06). The business had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.15 billion. Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. Union Pacific’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.91 earnings per share. Equities research analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be paid a $1.38 dividend. The ex-dividend date is Friday, February 27th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.3%. Union Pacific’s dividend payout ratio is presently 46.12%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on UNP shares. TD Cowen dropped their price objective on shares of Union Pacific from $257.00 to $255.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft set a $245.00 price target on Union Pacific in a research report on Thursday, December 11th. Evercore upgraded Union Pacific from an “in-line” rating to an “outperform” rating and set a $262.00 price target on the stock in a research note on Thursday, March 19th. Raymond James Financial reissued a “strong-buy” rating on shares of Union Pacific in a report on Tuesday, January 27th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $267.00 price objective on shares of Union Pacific in a research note on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Union Pacific has a consensus rating of “Moderate Buy” and a consensus price target of $264.86.

Union Pacific Company 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.