Ingalls & Snyder LLC Sells 1,916 Shares of Union Pacific Co. (NYSE:UNP)

Ingalls & Snyder LLC lessened its stake in shares of Union Pacific Co. (NYSE:UNP) by 3.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,510 shares of the railroad operator’s stock after selling 1,916 shares during the quarter. Ingalls & Snyder LLC’s holdings in Union Pacific were worth $11,518,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Compass Financial Services Inc bought a new position in shares of Union Pacific during the 4th quarter worth about $25,000. Synergy Asset Management LLC acquired a new stake in shares of Union Pacific in the 4th quarter worth about $29,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Union Pacific in the 3rd quarter worth about $30,000. Jamison Private Wealth Management Inc. raised its holdings in shares of Union Pacific by 265.7% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 128 shares of the railroad operator’s stock worth $32,000 after acquiring an additional 93 shares during the last quarter. Finally, Dunhill Financial LLC raised its holdings in shares of Union Pacific by 111.5% in the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the railroad operator’s stock worth $32,000 after acquiring an additional 68 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on UNP shares. Stifel Nicolaus upped their target price on shares of Union Pacific from $253.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, January 24th. JPMorgan Chase & Co. lowered their target price on shares of Union Pacific from $263.00 to $252.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Raymond James restated a “strong-buy” rating and issued a $285.00 target price (up previously from $265.00) on shares of Union Pacific in a report on Friday, January 24th. Benchmark upped their target price on shares of Union Pacific from $266.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, Wells Fargo & Company decreased their price objective on shares of Union Pacific from $267.00 to $265.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $261.40.

Insider Transactions at Union Pacific

In related news, EVP Craig V. Richardson sold 6,495 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $252.00, for a total value of $1,636,740.00. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction of $1,875,000.00. Following the completion of the transaction, the president now directly owns 64,960 shares of the company’s stock, valued at approximately $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. 0.28% of the stock is currently owned by company insiders.

Union Pacific Trading Up 0.3 %

Shares of UNP stock opened at $248.49 on Thursday. The company has a 50 day moving average of $235.43 and a 200-day moving average of $240.31. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.76. Union Pacific Co. has a 12-month low of $218.55 and a 12-month high of $258.66. The firm has a market cap of $150.65 billion, a P/E ratio of 22.41, a PEG ratio of 2.11 and a beta of 1.06.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the company posted $2.71 earnings per share. Sell-side analysts anticipate that Union Pacific Co. will post 12.01 earnings per share for the current year.

Union Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a dividend of $1.34 per share. The ex-dividend date is Friday, February 28th. This represents a $5.36 annualized dividend and a dividend yield of 2.16%. Union Pacific’s payout ratio is currently 48.33%.

About Union Pacific

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.