Shulman DeMeo Asset Management LLC Decreases Holdings in Union Pacific Co. (NYSE:UNP)

Shulman DeMeo Asset Management LLC lowered its position in Union Pacific Co. (NYSE:UNP) by 14.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,677 shares of the railroad operator’s stock after selling 276 shares during the period. Shulman DeMeo Asset Management LLC’s holdings in Union Pacific were worth $382,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Union Pacific in the 2nd quarter valued at $28,000. Catalyst Capital Advisors LLC bought a new position in shares of Union Pacific during the third quarter valued at about $30,000. Fairscale Capital LLC purchased a new position in shares of Union Pacific in the second quarter worth about $31,000. Jamison Private Wealth Management Inc. boosted its holdings in Union Pacific by 265.7% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 128 shares of the railroad operator’s stock valued at $32,000 after acquiring an additional 93 shares during the period. Finally, Peterson Financial Group Inc. bought a new position in Union Pacific during the 3rd quarter worth approximately $32,000. 80.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Susquehanna lowered their price objective on Union Pacific from $260.00 to $255.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Robert W. Baird cut their price target on shares of Union Pacific from $270.00 to $260.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. TD Cowen lowered their price objective on shares of Union Pacific from $255.00 to $252.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Barclays increased their target price on shares of Union Pacific from $275.00 to $285.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Finally, BMO Capital Markets reduced their price target on Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, September 20th. Nine investment 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’s stock. According to MarketBeat, Union Pacific has a consensus rating of “Moderate Buy” and a consensus target price of $259.35.

Union Pacific Stock Performance

Union Pacific stock opened at $234.88 on Friday. The stock’s 50 day moving average is $234.14 and its 200 day moving average is $238.82. The company has a market capitalization of $142.40 billion, a P/E ratio of 21.57, a PEG ratio of 2.02 and a beta of 1.06. Union Pacific Co. has a twelve month low of $218.55 and a twelve month high of $258.66. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.78 by ($0.03). Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The company had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.14 billion. During the same period in the prior year, the firm earned $2.51 EPS. Union Pacific’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities research analysts predict that Union Pacific Co. will post 10.95 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were issued a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date was 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.