iA Global Asset Management Inc. Sells 39,166 Shares of Union Pacific Co. (NYSE:UNP)

iA Global Asset Management Inc. lessened its stake in Union Pacific Co. (NYSE:UNP - Free Report) by 45.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,932 shares of the railroad operator's stock after selling 39,166 shares during the period. iA Global Asset Management Inc.'s holdings in Union Pacific were worth $10,702,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of UNP. World Investment Advisors LLC increased its stake 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 acquiring an additional 18,060 shares during the period. abrdn plc lifted its holdings in shares of Union Pacific by 9.3% in the fourth quarter. abrdn plc now owns 415,874 shares of the railroad operator's stock valued at $94,588,000 after buying an additional 35,414 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Union Pacific by 2.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 179,925 shares of the railroad operator's stock worth $44,348,000 after acquiring an additional 4,939 shares during the period. Border to Coast Pensions Partnership Ltd raised its position in 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 acquiring an additional 53,946 shares in the last quarter. Finally, Pensionfund Sabic lifted its holdings in Union Pacific by 61.5% in the 4th quarter. Pensionfund Sabic now owns 10,500 shares of the railroad operator's stock valued at $2,394,000 after acquiring an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of analysts recently commented on UNP shares. TD Cowen boosted their target price on shares of Union Pacific from $245.00 to $258.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Wells Fargo & Company decreased their target price on Union Pacific from $267.00 to $265.00 and set an "overweight" rating on the stock in a report on Tuesday, January 7th. Stifel Nicolaus upped their target price on Union Pacific from $253.00 to $270.00 and gave the company a "buy" rating in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft assumed coverage on Union Pacific in a research note on Friday, March 7th. They issued a "buy" rating and a $295.00 price target on the stock. Finally, Benchmark upped their price objective on shares of Union Pacific from $266.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Union Pacific has an average rating of "Moderate Buy" and an average target price of $263.00.

Union Pacific Stock Up 0.6 %

UNP stock traded up $1.32 during trading hours on Monday, hitting $235.20. The company's stock had a trading volume of 3,291,145 shares, compared to its average volume of 2,308,527. The stock has a 50 day moving average price of $242.85 and a two-hundred day moving average price of $239.83. Union Pacific Co. has a 12 month low of $218.55 and a 12 month high of $258.07. The company has a market capitalization of $142.13 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 1.76.

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 the consensus estimate 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 quarter last year, the company earned $2.71 EPS. On average, equities research analysts expect that Union Pacific Co. will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Friday, February 28th. Union Pacific's dividend payout ratio is 48.33%.

Insider Transactions at Union Pacific

In other Union Pacific news, EVP Craig V. Richardson sold 6,495 shares of the firm'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 completion of the transaction, the executive vice president now owns 26,319 shares in the company, valued at $6,632,388. This trade represents a 19.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Elizabeth F. Whited sold 7,500 shares of the firm's stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $250.00, for a total value of $1,875,000.00. Following the transaction, 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 position. The disclosure for this sale can be found here. 0.28% of the stock is owned by corporate insiders.

Union Pacific Company 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.