Clear Harbor Asset Management LLC Sells 137 Shares of Union Pacific Co. (NYSE:UNP)

Clear Harbor Asset Management LLC lessened its stake in Union Pacific Co. (NYSE:UNP) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,253 shares of the railroad operator’s stock after selling 137 shares during the period. Clear Harbor Asset Management LLC’s holdings in Union Pacific were worth $5,957,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in UNP. Moneta Group Investment Advisors LLC increased its position in Union Pacific by 90,390.6% during 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 purchasing an additional 13,682,419 shares during the period. Morgan Stanley boosted its stake in shares of Union Pacific by 10.9% in the 4th quarter. Morgan Stanley now owns 8,983,932 shares of the railroad operator’s stock valued at $1,860,303,000 after purchasing an additional 883,963 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Union Pacific by 0.3% during the third quarter. Wellington Management Group LLP now owns 7,261,449 shares of the railroad operator’s stock worth $1,478,649,000 after buying an additional 19,145 shares during the period. Northern Trust Corp raised its stake in Union Pacific by 4.4% during the third quarter. Northern Trust Corp now owns 6,803,796 shares of the railroad operator’s stock worth $1,385,457,000 after buying an additional 285,988 shares during the last quarter. Finally, Norges Bank acquired a new position in Union Pacific in the fourth quarter valued at $1,276,498,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analysts Set New Price Targets

UNP has been the subject of a number of recent analyst reports. TD Cowen increased their price target on Union Pacific from $228.00 to $251.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. UBS Group lifted their target price on Union Pacific from $235.00 to $248.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. JPMorgan Chase & Co. cut their price target on Union Pacific from $239.00 to $237.00 and set a “neutral” rating on the stock in a report on Friday, January 26th. Royal Bank of Canada lowered their price objective on shares of Union Pacific from $282.00 to $272.00 and set an “outperform” rating for the company in a research note on Friday, January 26th. Finally, Raymond James raised their price target on shares of Union Pacific from $240.00 to $275.00 and gave the stock a “strong-buy” rating in a report on Tuesday, January 16th. Seven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $251.33.

Insiders Place Their Bets

In other news, President Elizabeth F. Whited sold 3,750 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $250.00, for a total value of $937,500.00. Following the completion of the transaction, the president now directly owns 56,682 shares of the company’s stock, valued at $14,170,500. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.28% of the stock is currently owned by insiders.

Union Pacific Stock Up 0.5 %

UNP traded up $1.30 during midday trading on Thursday, reaching $245.93. 2,262,378 shares of the company were exchanged, compared to its average volume of 2,366,143. The company has a market cap of $149.96 billion, a price-to-earnings ratio of 23.53, a price-to-earnings-growth ratio of 2.62 and a beta of 1.07. Union Pacific Co. has a one year low of $190.37 and a one year high of $258.66. The company’s fifty day moving average price is $247.65 and its 200 day moving average price is $230.50. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.67 and a current ratio of 0.81.

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. Union Pacific had a return on equity of 46.87% and a net margin of 26.45%. The business had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.05 billion. During the same period in the prior year, the firm posted $2.67 EPS. Union Pacific’s quarterly revenue was down .3% compared to the same quarter last year. As a group, analysts expect that Union Pacific Co. will post 10.94 EPS for the current year.

Union Pacific Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, February 29th will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Wednesday, February 28th. Union Pacific’s dividend payout ratio (DPR) is presently 49.71%.

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.