Summit Global Investments Acquires 6,295 Shares of Union Pacific Co. (NYSE:UNP)

Summit Global Investments raised its holdings in shares of Union Pacific Co. (NYSE:UNP - Free Report) by 14.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,967 shares of the railroad operator's stock after acquiring an additional 6,295 shares during the period. Union Pacific makes up 0.7% of Summit Global Investments' holdings, making the stock its 28th largest position. Summit Global Investments' holdings in Union Pacific were worth $11,622,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in UNP. Compass Financial Services Inc acquired a new stake in Union Pacific in the fourth quarter worth about $25,000. Synergy Asset Management LLC bought a new position in shares of Union Pacific in the fourth quarter valued at approximately $29,000. Dunhill Financial LLC boosted its holdings in shares of Union Pacific by 111.5% in the third quarter. Dunhill Financial LLC now owns 129 shares of the railroad operator's stock valued at $32,000 after acquiring an additional 68 shares in the last quarter. PrairieView Partners LLC acquired a new position in shares of Union Pacific during the fourth quarter valued at approximately $34,000. Finally, Kentucky Trust Co bought a new stake in shares of Union Pacific in the 4th quarter worth $40,000. Institutional investors and hedge funds own 80.38% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Robert W. Baird upped their price target on shares of Union Pacific from $260.00 to $265.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. Loop Capital lowered shares of Union Pacific from a "hold" rating to a "sell" rating and dropped their price target for the stock from $265.00 to $200.00 in a research note on Monday, February 3rd. Guggenheim boosted their price objective on shares of Union Pacific from $266.00 to $275.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Raymond James restated a "strong-buy" rating and set a $285.00 target price (up previously from $265.00) on shares of Union Pacific in a research note on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Union Pacific in a report on Friday, March 7th. They set a "buy" rating and a $295.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $263.00.

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Insider Buying and Selling at Union Pacific

In related news, EVP Craig V. Richardson sold 6,495 shares of Union Pacific 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 completion of the sale, the executive vice president now directly owns 26,319 shares of the company's stock, valued at approximately $6,632,388. This trade represents a 19.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Elizabeth F. Whited sold 7,500 shares of the business's stock in a transaction on 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 of the company's stock, valued at $16,240,000. This trade represents a 10.35 % 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.

Union Pacific Trading Up 1.0 %

Shares of Union Pacific stock traded up $2.25 during trading on Wednesday, reaching $238.04. 1,709,846 shares of the company were exchanged, compared to its average volume of 2,303,149. The business has a 50-day moving average price of $242.98 and a 200-day moving average price of $239.73. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 1.76. The firm has a market capitalization of $143.84 billion, a price-to-earnings ratio of 21.46, a P/E/G ratio of 2.15 and a beta of 1.05. Union Pacific Co. has a twelve month low of $218.55 and a twelve month high of $258.07.

Union Pacific (NYSE:UNP - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The railroad operator reported $2.91 EPS for the quarter, beating analysts' consensus estimates of $2.76 by $0.15. Union Pacific had a return on equity of 41.12% and a net margin of 27.82%. During the same period last year, the business earned $2.71 EPS. Sell-side analysts anticipate that Union Pacific Co. will post 11.99 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently declared 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. This represents a $5.36 annualized dividend and a yield of 2.25%. The ex-dividend date is Friday, February 28th. Union Pacific's dividend payout ratio is 48.33%.

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.