BetterWealth LLC acquired a new position in shares of Union Pacific Co. (NYSE:UNP - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,372 shares of the railroad operator's stock, valued at approximately $541,000.
Other hedge funds have also recently made changes to their positions in the company. World Investment Advisors LLC grew its holdings in shares of Union Pacific by 103.1% during the third quarter. World Investment Advisors LLC now owns 35,581 shares of the railroad operator's stock valued at $8,770,000 after buying an additional 18,060 shares during the last quarter. Peoples Bank KS bought a new position in Union Pacific in the 3rd quarter valued at approximately $834,000. Wealth Enhancement Advisory Services LLC boosted its stake in Union Pacific by 2.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 179,925 shares of the railroad operator's stock valued at $44,348,000 after purchasing an additional 4,939 shares during the last quarter. Maj Invest Holding A S increased its holdings in shares of Union Pacific by 0.3% in the 3rd quarter. Maj Invest Holding A S now owns 676,098 shares of the railroad operator's stock worth $166,645,000 after purchasing an additional 2,202 shares in the last quarter. Finally, Border to Coast Pensions Partnership Ltd raised its stake in shares of Union Pacific by 24.2% in the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 277,267 shares of the railroad operator's stock worth $63,185,000 after purchasing an additional 53,946 shares during the last quarter. 80.38% of the stock is owned by institutional investors.
Insider Activity
In other news, President Elizabeth F. Whited sold 7,500 shares of the firm's stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $250.00, for a total value of $1,875,000.00. Following the completion of the sale, the president now owns 64,960 shares in the company, valued at approximately $16,240,000. This trade represents a 10.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Craig V. Richardson sold 6,495 shares of the company's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $252.00, for a total transaction of $1,636,740.00. Following the transaction, the executive vice president now owns 26,319 shares in the company, valued at $6,632,388. The trade was a 19.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company's stock.
Analysts Set New Price Targets
UNP has been the subject of several research analyst reports. Susquehanna reduced their price objective on Union Pacific from $260.00 to $255.00 and set a "neutral" rating for the company in a report on Friday, October 25th. JPMorgan Chase & Co. reduced their price target on shares of Union Pacific from $263.00 to $252.00 and set a "neutral" rating for the company in a research note on Friday, October 25th. BMO Capital Markets raised their target price on shares of Union Pacific from $275.00 to $277.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Sanford C. Bernstein decreased their target price on shares of Union Pacific from $277.00 to $272.00 and set an "outperform" rating for the company in a research note on Wednesday, October 9th. Finally, Raymond James restated a "strong-buy" rating and issued a $285.00 price target (up from $265.00) on shares of Union Pacific in a research note on Friday, January 24th. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Union Pacific has an average rating of "Moderate Buy" and a consensus target price of $263.30.
Check Out Our Latest Research Report on Union Pacific
Union Pacific Price Performance
Union Pacific stock traded up $0.51 during midday trading on Wednesday, reaching $249.67. 3,023,327 shares of the stock traded hands, compared to its average volume of 2,934,596. The stock has a market cap of $151.37 billion, a P/E ratio of 22.93, a PEG ratio of 2.12 and a beta of 1.06. The stock's fifty day moving average is $234.77 and its 200-day moving average is $239.94. 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 Co. has a 12 month low of $218.55 and a 12 month high of $258.66.
Union Pacific (NYSE:UNP - Get Free Report) last posted its earnings results on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share for the quarter, beating analysts' consensus estimates of $2.76 by $0.15. Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. During the same period last year, the firm earned $2.71 earnings per share. As a group, equities research analysts anticipate that Union Pacific Co. will post 10.96 EPS for the current year.
Union Pacific Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were issued a $1.34 dividend. The ex-dividend date was Monday, December 9th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.15%. Union Pacific's dividend payout ratio (DPR) is presently 49.22%.
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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