Richard Bernstein Advisors LLC Has $1.23 Million Stake in Union Pacific Corporation $UNP

Richard Bernstein Advisors LLC lessened its holdings in Union Pacific Corporation (NYSE:UNP) by 55.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,201 shares of the railroad operator’s stock after selling 6,434 shares during the period. Richard Bernstein Advisors LLC’s holdings in Union Pacific were worth $1,229,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Howard Capital Management Group LLC lifted its position in shares of Union Pacific by 2.0% during the third quarter. Howard Capital Management Group LLC now owns 2,252 shares of the railroad operator’s stock worth $532,000 after acquiring an additional 45 shares in the last quarter. Prestige Wealth Management Group LLC grew its holdings in shares of Union Pacific by 1.4% during the third quarter. Prestige Wealth Management Group LLC now owns 3,186 shares of the railroad operator’s stock worth $753,000 after purchasing an additional 45 shares in the last quarter. Hanson & Doremus Investment Management grew its stake in Union Pacific by 2.5% in the 3rd quarter. Hanson & Doremus Investment Management now owns 1,880 shares of the railroad operator’s stock worth $444,000 after buying an additional 46 shares in the last quarter. Silver Oak Securities Incorporated grew its position in Union Pacific by 4.5% in the third quarter. Silver Oak Securities Incorporated now owns 1,065 shares of the railroad operator’s stock worth $252,000 after acquiring an additional 46 shares in the last quarter. Finally, CFO4Life Group LLC increased its position in shares of Union Pacific by 1.2% during the 3rd quarter. CFO4Life Group LLC now owns 3,754 shares of the railroad operator’s stock valued at $887,000 after purchasing an additional 46 shares during the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on UNP shares. Citigroup reiterated a “buy” rating and issued a $270.00 target price (up from $265.00) on shares of Union Pacific in a research report on Wednesday, January 28th. Susquehanna restated a “buy” rating on shares of Union Pacific in a report on Monday, January 19th. Robert W. Baird set a $311.00 price target on Union Pacific and gave the stock an “outperform” rating in a research report on Friday. Weiss Ratings raised Union Pacific from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 6th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of Union Pacific in a research report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $263.77.

Union Pacific Trading Down 1.4%

NYSE UNP opened at $250.16 on Wednesday. The company’s 50-day moving average price is $245.61 and its 200-day moving average price is $233.41. The stock has a market cap of $148.44 billion, a PE ratio of 20.90, a PEG ratio of 2.77 and a beta of 0.95. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $268.14. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 1.64.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.06). The business had revenue of $6.09 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.91 earnings per share. Equities research analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.52 dividend on an annualized basis and a yield of 2.2%. Union Pacific’s dividend payout ratio (DPR) is currently 46.12%.

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.