Ladenburg Thalmann Financial Services Inc. Sells 672 Shares of Union Pacific Co. (UNP)

Ladenburg Thalmann Financial Services Inc. cut its holdings in Union Pacific Co. (NYSE:UNP) by 0.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 89,556 shares of the railroad operator’s stock after selling 672 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Union Pacific were worth $12,035,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in UNP. Icon Wealth Partners LLC bought a new position in shares of Union Pacific during the fourth quarter worth $119,000. Ballew Advisors Inc acquired a new stake in shares of Union Pacific during the first quarter worth $145,000. Exane Derivatives raised its holdings in shares of Union Pacific by 55,600.0% during the fourth quarter. Exane Derivatives now owns 1,114 shares of the railroad operator’s stock worth $149,000 after acquiring an additional 1,112 shares during the period. Certified Advisory Corp acquired a new stake in shares of Union Pacific during the fourth quarter worth $175,000. Finally, Aevitas Wealth Management Inc. acquired a new stake in shares of Union Pacific during the fourth quarter worth $185,000. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CFO Robert M. Knight, Jr. sold 25,000 shares of Union Pacific stock in a transaction dated Tuesday, March 20th. The shares were sold at an average price of $137.39, for a total value of $3,434,750.00. Following the completion of the transaction, the chief financial officer now owns 106,518 shares of the company’s stock, valued at approximately $14,634,508.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Elizabeth F. Whited sold 15,576 shares of Union Pacific stock in a transaction dated Tuesday, April 3rd. The shares were sold at an average price of $133.79, for a total transaction of $2,083,913.04. Following the completion of the transaction, the executive vice president now directly owns 65,613 shares of the company’s stock, valued at approximately $8,778,363.27. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

A number of equities research analysts recently commented on the stock. Morgan Stanley raised their price objective on shares of Union Pacific from $125.00 to $136.00 and gave the stock an “equal weight” rating in a report on Friday, June 1st. Cowen restated a “market perform” rating and set a $153.00 price objective (up from $140.00) on shares of Union Pacific in a report on Friday, June 1st. Robert W. Baird raised their price objective on shares of Union Pacific from $144.00 to $155.00 and gave the stock a “neutral” rating in a report on Monday, June 4th. TD Securities dropped their price objective on shares of Union Pacific from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, April 27th. Finally, Loop Capital raised their price objective on shares of Union Pacific to $153.00 and gave the stock a “hold” rating in a report on Friday, June 1st. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $146.70.

Shares of Union Pacific opened at $144.28 on Thursday, according to Marketbeat.com. Union Pacific Co. has a one year low of $101.06 and a one year high of $148.03. The stock has a market capitalization of $112.54 billion, a PE ratio of 24.92, a PEG ratio of 1.79 and a beta of 0.80. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 0.64.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, April 26th. The railroad operator reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.02. Union Pacific had a net margin of 50.73% and a return on equity of 22.16%. The company had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.39 billion. During the same quarter last year, the firm posted $1.32 EPS. The company’s quarterly revenue was up 6.7% on a year-over-year basis. research analysts forecast that Union Pacific Co. will post 7.63 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Thursday, May 31st will be given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Wednesday, May 30th. Union Pacific’s dividend payout ratio (DPR) is presently 50.43%.

Union Pacific Company Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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