Clarity Wealth Development LLC acquired a new stake in Union Pacific Co. (NYSE:UNP - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,169 shares of the railroad operator's stock, valued at approximately $290,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in UNP. Raymond James Financial Inc. bought a new position in Union Pacific in the 4th quarter worth $1,035,905,000. Vontobel Holding Ltd. raised its holdings in Union Pacific by 74.7% in the 4th quarter. Vontobel Holding Ltd. now owns 2,146,990 shares of the railroad operator's stock worth $489,600,000 after purchasing an additional 918,248 shares during the period. Franklin Resources Inc. raised its holdings in Union Pacific by 9.3% in the 3rd quarter. Franklin Resources Inc. now owns 7,322,450 shares of the railroad operator's stock worth $1,795,993,000 after purchasing an additional 625,492 shares during the period. Proficio Capital Partners LLC raised its holdings in Union Pacific by 33,228.4% during the fourth quarter. Proficio Capital Partners LLC now owns 504,258 shares of the railroad operator's stock valued at $114,991,000 after acquiring an additional 502,745 shares during the period. Finally, Jennison Associates LLC raised its holdings in Union Pacific by 170.9% during the third quarter. Jennison Associates LLC now owns 736,246 shares of the railroad operator's stock valued at $181,470,000 after acquiring an additional 464,477 shares during the period. 80.38% of the stock is owned by institutional investors.
Analysts Set New Price Targets
UNP has been the subject of a number of research analyst reports. Wells Fargo & Company cut their price objective on Union Pacific from $267.00 to $265.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Union Pacific in a research note on Friday, March 7th. They set a "buy" rating and a $295.00 price target for the company. Stifel Nicolaus lifted their price target on shares of Union Pacific from $253.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Loop Capital downgraded shares of Union Pacific from a "hold" rating to a "sell" rating and decreased their price target for the company from $265.00 to $200.00 in a research note on Monday, February 3rd. Finally, Citigroup boosted their price objective on shares of Union Pacific from $254.00 to $260.00 and gave the stock a "neutral" rating in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $263.00.
Check Out Our Latest Stock Analysis on UNP
Insiders Place Their Bets
In other Union Pacific news, President Elizabeth F. Whited sold 7,500 shares of the stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $250.00, for a total transaction of $1,875,000.00. Following the sale, the president now directly owns 64,960 shares in the company, valued at $16,240,000. This represents a 10.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Craig V. Richardson sold 6,495 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $252.00, for a total transaction of $1,636,740.00. Following the sale, the executive vice president now owns 26,319 shares in the company, valued at approximately $6,632,388. This trade represents a 19.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.28% of the stock is owned by company insiders.
Union Pacific Trading Down 0.4 %
Shares of NYSE:UNP traded down $1.00 during mid-day trading on Friday, reaching $233.79. 4,167,677 shares of the company were exchanged, compared to its average volume of 2,302,073. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.77 and a quick ratio of 0.62. The firm has a market cap of $141.28 billion, a price-to-earnings ratio of 21.08, a P/E/G ratio of 2.15 and a beta of 1.05. The firm's 50-day simple moving average is $242.68 and its 200 day simple moving average is $240.16. Union Pacific Co. has a 1 year low of $218.55 and a 1 year high of $258.07.
Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share for the quarter, topping analysts' consensus estimates of $2.76 by $0.15. Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. During the same quarter in the previous year, the company posted $2.71 earnings per share. Equities research analysts forecast that Union Pacific Co. will post 11.99 EPS for the current year.
Union Pacific Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a dividend of $1.34 per share. The ex-dividend date is Friday, February 28th. This represents a $5.36 dividend on an annualized basis and a yield of 2.29%. Union Pacific's dividend payout ratio (DPR) is presently 48.33%.
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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