Union Pacific Co. (UNP) Shares Sold by Meristem Family Wealth LLC

Meristem Family Wealth LLC trimmed its stake in Union Pacific Co. (NYSE:UNP) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,325 shares of the railroad operator’s stock after selling 87 shares during the period. Meristem Family Wealth LLC’s holdings in Union Pacific were worth $321,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of UNP. Private Ocean LLC bought a new position in Union Pacific during the fourth quarter valued at approximately $25,000. Gradient Investments LLC grew its position in Union Pacific by 117.1% during the fourth quarter. Gradient Investments LLC now owns 241 shares of the railroad operator’s stock valued at $33,000 after acquiring an additional 130 shares during the last quarter. Tributary Capital Management LLC bought a new position in Union Pacific during the fourth quarter valued at approximately $42,000. Essex Investment Management Co. LLC bought a new position in Union Pacific during the fourth quarter valued at approximately $47,000. Finally, Howe & Rusling Inc. grew its position in Union Pacific by 25.4% during the fourth quarter. Howe & Rusling Inc. now owns 346 shares of the railroad operator’s stock valued at $48,000 after acquiring an additional 70 shares during the last quarter. Institutional investors own 80.67% of the company’s stock.

Get Union Pacific alerts:

UNP has been the topic of a number of recent research reports. Cowen upgraded shares of Union Pacific from a “market perform” rating to an “outperform” rating and increased their price target for the company from $153.00 to $178.00 in a research report on Tuesday, January 8th. Loop Capital increased their price target on shares of Union Pacific from $188.00 to $193.00 and gave the company a “positive” rating in a research report on Thursday, January 24th. Credit Suisse Group reduced their price target on shares of Union Pacific from $190.00 to $166.00 and set an “outperform” rating on the stock in a research report on Monday, January 7th. Argus increased their price target on shares of Union Pacific to $175.00 and gave the company a “positive” rating in a research report on Friday, January 25th. Finally, TD Securities increased their price objective on Union Pacific from $155.00 to $170.00 and gave the company a “hold” rating in a research note on Friday, January 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $169.39.

NYSE:UNP opened at $164.30 on Friday. The company has a market cap of $118.77 billion, a PE ratio of 20.77, a P/E/G ratio of 1.76 and a beta of 1.10. Union Pacific Co. has a fifty-two week low of $126.37 and a fifty-two week high of $172.44. The company has a quick ratio of 0.74, a current ratio of 0.90 and a debt-to-equity ratio of 1.02.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, January 24th. The railroad operator reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.06. The firm had revenue of $5.76 billion during the quarter, compared to analyst estimates of $5.73 billion. Union Pacific had a return on equity of 27.95% and a net margin of 26.13%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.53 earnings per share. Sell-side analysts anticipate that Union Pacific Co. will post 9.07 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Thursday, February 28th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Wednesday, February 27th. This is a positive change from Union Pacific’s previous quarterly dividend of $0.80. Union Pacific’s dividend payout ratio is 40.46%.

Union Pacific announced that its board has authorized a stock repurchase plan on Thursday, February 7th that authorizes the company to repurchase 150,000,000 outstanding shares. This repurchase authorization authorizes the railroad operator to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

TRADEMARK VIOLATION WARNING: “Union Pacific Co. (UNP) Shares Sold by Meristem Family Wealth LLC” was first published by Ticker Report and is owned by of Ticker Report. If you are reading this story on another website, it was illegally stolen and reposted in violation of US and international copyright legislation. The correct version of this story can be accessed at https://www.tickerreport.com/banking-finance/4208257/union-pacific-co-unp-shares-sold-by-meristem-family-wealth-llc.html.

Union Pacific Company Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.

Recommended Story: Book Value Of Equity Per Share – BVPS Explained

Want to see what other hedge funds are holding UNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Pacific Co. (NYSE:UNP).