OneDigital Investment Advisors LLC Reduces Stock Position in Union Pacific Corporation $UNP

OneDigital Investment Advisors LLC lessened its stake in Union Pacific Corporation (NYSE:UNP) by 22.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,977 shares of the railroad operator’s stock after selling 4,292 shares during the period. OneDigital Investment Advisors LLC’s holdings in Union Pacific were worth $4,074,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Capital World Investors boosted its stake in shares of Union Pacific by 92.1% in the 4th quarter. Capital World Investors now owns 20,136,349 shares of the railroad operator’s stock worth $4,658,142,000 after buying an additional 9,655,306 shares during the last quarter. Norges Bank bought a new stake in shares of Union Pacific in the fourth quarter worth $1,779,907,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Union Pacific by 72.7% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,177,002 shares of the railroad operator’s stock valued at $2,169,168,000 after acquiring an additional 3,861,636 shares during the last quarter. Capital Research Global Investors increased its position in Union Pacific by 26.0% during the fourth quarter. Capital Research Global Investors now owns 10,980,904 shares of the railroad operator’s stock valued at $2,540,105,000 after acquiring an additional 2,267,708 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in Union Pacific by 16.8% in the first quarter. Bank of America Corp DE now owns 14,463,071 shares of the railroad operator’s stock valued at $3,509,030,000 after acquiring an additional 2,084,808 shares during the period. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Price Performance

Shares of Union Pacific stock opened at $299.10 on Wednesday. The stock has a market cap of $177.69 billion, a P/E ratio of 24.22, a P/E/G ratio of 3.00 and a beta of 0.96. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.82 and a current ratio of 0.99. The stock’s fifty day moving average is $284.18 and its 200 day moving average is $266.34. Union Pacific Corporation has a one year low of $210.84 and a one year high of $315.99.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.26 by $0.15. The business had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.72 billion. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.Union Pacific’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.03 earnings per share. Sell-side analysts anticipate that Union Pacific Corporation will post 12.93 earnings per share for the current year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, August 31st. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s payout ratio is presently 44.70%.

Insider Buying and Selling at Union Pacific

In related news, EVP Eric J. Gehringer sold 2,991 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was 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 directly owned 43,012 shares in the company, valued at approximately $11,353,447.52. The trade was a 6.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.22% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on UNP. Stephens raised Union Pacific to a “strong-buy” rating in a research report on Wednesday, July 8th. JPMorgan Chase & Co. upped their price target on shares of Union Pacific from $304.00 to $334.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Bank of America increased their price objective on shares of Union Pacific from $301.00 to $334.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. BMO Capital Markets reissued a “market perform” rating and issued a $320.00 price objective (up from $285.00) on shares of Union Pacific in a report on Friday, July 24th. Finally, The Goldman Sachs Group set a $317.00 target price on shares of Union Pacific and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $320.89.

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.