Matthew Goff Investment Advisor LLC Sells 188 Shares of Union Pacific Co. (NYSE:UNP)

Matthew Goff Investment Advisor LLC cut its stake in Union Pacific Co. (NYSE:UNPFree Report) by 0.7% during the 1st quarter, HoldingsChannel.com reports. The fund owned 27,064 shares of the railroad operator’s stock after selling 188 shares during the period. Union Pacific accounts for 1.3% of Matthew Goff Investment Advisor LLC’s portfolio, making the stock its 24th biggest position. Matthew Goff Investment Advisor LLC’s holdings in Union Pacific were worth $6,656,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in Union Pacific in the fourth quarter valued at approximately $1,832,127,000. Capital Research Global Investors lifted its stake in Union Pacific by 23.1% in the fourth quarter. Capital Research Global Investors now owns 6,851,767 shares of the railroad operator’s stock valued at $1,682,931,000 after buying an additional 1,285,144 shares during the period. Winslow Capital Management LLC acquired a new position in Union Pacific in the fourth quarter valued at approximately $293,162,000. The Manufacturers Life Insurance Company lifted its stake in Union Pacific by 65.5% in the third quarter. The Manufacturers Life Insurance Company now owns 2,348,496 shares of the railroad operator’s stock valued at $478,224,000 after buying an additional 929,495 shares during the period. Finally, Cerity Partners LLC lifted its stake in Union Pacific by 331.7% in the fourth quarter. Cerity Partners LLC now owns 1,143,298 shares of the railroad operator’s stock valued at $280,817,000 after buying an additional 878,490 shares during the period. 80.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

UNP has been the topic of several recent analyst reports. StockNews.com lowered Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday. The Goldman Sachs Group boosted their price target on Union Pacific from $248.00 to $274.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Raymond James reaffirmed a “strong-buy” rating and set a $280.00 target price (up from $275.00) on shares of Union Pacific in a research report on Friday, April 26th. Morgan Stanley upped their target price on Union Pacific from $198.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Finally, Jefferies Financial Group began coverage on Union Pacific in a research report on Monday, April 8th. They set a “hold” rating and a $250.00 target price on the stock. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Union Pacific has a consensus rating of “Moderate Buy” and a consensus price target of $259.75.

Get Our Latest Report on UNP

Union Pacific Stock Performance

Shares of UNP stock traded up $0.94 on Friday, hitting $226.11. 3,322,635 shares of the stock were exchanged, compared to its average volume of 2,332,767. The company has a current ratio of 0.93, a quick ratio of 0.76 and a debt-to-equity ratio of 1.99. The firm has a market capitalization of $137.95 billion, a PE ratio of 21.58, a P/E/G ratio of 1.83 and a beta of 1.05. Union Pacific Co. has a one year low of $199.06 and a one year high of $258.66. The firm’s 50 day moving average is $233.96 and its two-hundred day moving average is $240.54.

Union Pacific (NYSE:UNPGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The railroad operator reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.50 by $0.19. The company had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $5.97 billion. Union Pacific had a return on equity of 44.34% and a net margin of 26.52%. The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.67 EPS. Sell-side analysts expect that Union Pacific Co. will post 11.25 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $5.20 dividend on an annualized basis and a yield of 2.30%. Union Pacific’s dividend payout ratio (DPR) is 49.62%.

About Union Pacific

(Free Report)

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.

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

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