Allstate Corp Sells 215 Shares of Union Pacific Co. (NYSE:UNP)

Allstate Corp lowered its holdings in Union Pacific Co. (NYSE:UNP) by 9.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,048 shares of the railroad operator’s stock after selling 215 shares during the quarter. Allstate Corp’s holdings in Union Pacific were worth $503,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Valued Wealth Advisors LLC acquired a new stake in Union Pacific in the 4th quarter valued at $28,000. Stuart Chaussee & Associates Inc. purchased a new position in Union Pacific during the 4th quarter worth $36,000. Fortitude Family Office LLC purchased a new position in Union Pacific during the 4th quarter worth $44,000. USA Financial Formulas boosted its holdings in Union Pacific by 219.6% during the 4th quarter. USA Financial Formulas now owns 179 shares of the railroad operator’s stock worth $44,000 after acquiring an additional 123 shares during the last quarter. Finally, Private Wealth Management Group LLC purchased a new position in Union Pacific during the 4th quarter worth $46,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Morgan Stanley lifted their price objective on shares of Union Pacific from $198.00 to $210.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. StockNews.com raised shares of Union Pacific from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Evercore ISI boosted their price target on shares of Union Pacific from $271.00 to $273.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Susquehanna boosted their price target on shares of Union Pacific from $255.00 to $270.00 and gave the stock a “neutral” rating in a report on Friday, April 26th. Finally, The Goldman Sachs Group boosted their price target on shares of Union Pacific from $248.00 to $274.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Six equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Union Pacific currently has a consensus rating of “Moderate Buy” and an average target price of $259.61.

Union Pacific Price Performance

UNP traded down $1.29 during midday trading on Thursday, hitting $233.42. The stock had a trading volume of 876,281 shares, compared to its average volume of 2,223,087. The company has a market cap of $142.41 billion, a P/E ratio of 22.25, a price-to-earnings-growth ratio of 1.91 and a beta of 1.06. The business has a fifty day moving average of $240.72 and a 200 day moving average of $239.43. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.76 and a current ratio of 0.93. Union Pacific Co. has a 1 year low of $190.71 and a 1 year high of $258.66.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, April 25th. The railroad operator reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.50 by $0.19. Union Pacific had a net margin of 26.52% and a return on equity of 44.34%. The firm had revenue of $6.03 billion for the quarter, compared to analysts’ expectations of $5.97 billion. During the same quarter last year, the business earned $2.67 earnings per share. The business’s revenue was down .4% on a year-over-year basis. As a group, equities analysts forecast that Union Pacific Co. will post 11.25 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Friday, May 31st. Union Pacific’s dividend payout ratio is 49.62%.

Union Pacific Company 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.