Hiley Hunt Wealth Management Sells 124 Shares of Union Pacific Co. (NYSE:UNP)

Hiley Hunt Wealth Management reduced its position in shares of Union Pacific Co. (NYSE:UNP) by 2.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,702 shares of the railroad operator’s stock after selling 124 shares during the period. Union Pacific comprises about 0.8% of Hiley Hunt Wealth Management’s investment portfolio, making the stock its 19th biggest position. Hiley Hunt Wealth Management’s holdings in Union Pacific were worth $1,405,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp grew its stake in shares of Union Pacific by 0.9% during the third quarter. State Street Corp now owns 24,788,337 shares of the railroad operator’s stock valued at $6,109,829,000 after purchasing an additional 217,780 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Union Pacific by 1.4% in the third quarter. Geode Capital Management LLC now owns 12,813,686 shares of the railroad operator’s stock valued at $3,146,451,000 after buying an additional 182,620 shares during the period. Ameriprise Financial Inc. boosted its stake in Union Pacific by 1.3% in the second quarter. Ameriprise Financial Inc. now owns 8,312,154 shares of the railroad operator’s stock valued at $1,880,701,000 after acquiring an additional 106,996 shares during the last quarter. Franklin Resources Inc. grew its holdings in Union Pacific by 9.3% during the 3rd quarter. Franklin Resources Inc. now owns 7,322,450 shares of the railroad operator’s stock worth $1,795,993,000 after acquiring an additional 625,492 shares during the period. Finally, Fisher Asset Management LLC raised its position in shares of Union Pacific by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 6,285,585 shares of the railroad operator’s stock valued at $1,549,271,000 after acquiring an additional 143,896 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Citigroup lifted their price objective on shares of Union Pacific from $255.00 to $267.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. Benchmark restated a “buy” rating and issued a $266.00 price objective on shares of Union Pacific in a research report on Friday, October 25th. Daiwa America lowered Union Pacific from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Raymond James increased their price target on Union Pacific from $265.00 to $275.00 and gave the stock a “strong-buy” rating in a report on Monday, October 14th. Finally, Wells Fargo & Company dropped their price target on Union Pacific from $270.00 to $255.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $259.80.

Union Pacific Stock Performance

Shares of NYSE UNP traded down $3.37 during trading hours on Tuesday, reaching $229.52. 1,907,519 shares of the stock were exchanged, compared to its average volume of 2,342,534. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77. The stock’s fifty day simple moving average is $238.31 and its 200 day simple moving average is $238.46. Union Pacific Co. has a 52 week low of $218.55 and a 52 week high of $258.66. The firm has a market capitalization of $139.15 billion, a price-to-earnings ratio of 21.39, a P/E/G ratio of 2.33 and a beta of 1.05.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). The company had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.51 EPS. Sell-side analysts predict that Union Pacific Co. will post 10.94 EPS for the current year.

Union Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be paid a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 2.34%. The ex-dividend date is Monday, December 9th. Union Pacific’s payout ratio is 49.22%.

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.