Ipsen Advisor Group 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 2,221 shares of the railroad operator’s stock, valued at approximately $507,000.
Several other large investors have also recently made changes to their positions in the business. Murphy & Mullick Capital Management Corp bought a new stake in shares of Union Pacific in the fourth quarter worth approximately $296,000. Florida Financial Advisors LLC purchased a new position in shares of Union Pacific in the fourth quarter valued at about $347,000. Meiji Yasuda Asset Management Co Ltd. boosted its stake in Union Pacific by 0.5% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 39,536 shares of the railroad operator’s stock worth $9,016,000 after purchasing an additional 204 shares during the period. PKS Advisory Services LLC purchased a new position in Union Pacific during the fourth quarter valued at $214,000. Finally, Prestige Wealth Management Group LLC increased its holdings in shares of Union Pacific by 5.7% in the fourth quarter. Prestige Wealth Management Group LLC now owns 3,015 shares of the railroad operator’s stock worth $687,000 after purchasing an additional 162 shares during the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts recently commented on UNP shares. TD Cowen increased their price target on shares of Union Pacific from $245.00 to $258.00 and gave the company a “buy” rating in a report on Friday, January 24th. Benchmark boosted their price target on Union Pacific from $266.00 to $275.00 and gave the company a “buy” rating in a report on Friday, January 24th. Raymond James reiterated a “strong-buy” rating and issued a $285.00 price target (up from $265.00) on shares of Union Pacific in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft initiated coverage on Union Pacific in a research note on Friday, March 7th. They issued a “buy” rating and a $295.00 price target for the company. Finally, BMO Capital Markets increased their price target 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $263.00.
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 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 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 value of $1,875,000.00. Following the completion of the sale, the president now directly owns 64,960 shares of the company’s stock, valued at $16,240,000. This represents a 10.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.
Union Pacific Trading Up 0.3 %
Shares of NYSE:UNP opened at $235.90 on Wednesday. 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 company’s 50-day moving average price is $242.98 and its 200 day moving average price is $239.73. The company has a market cap of $142.55 billion, a PE ratio of 21.27, a P/E/G ratio of 2.15 and a beta of 1.05. Union Pacific Co. has a fifty-two week low of $218.55 and a fifty-two week high of $258.07.
Union Pacific (NYSE:UNP – Get Free Report) last announced its quarterly earnings data 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 period last year, the business earned $2.71 earnings per share. Sell-side analysts anticipate that Union Pacific Co. will post 11.99 earnings per share for the current year.
Union Pacific Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a $1.34 dividend. The ex-dividend date is Friday, February 28th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.27%. Union Pacific’s dividend payout ratio is 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.
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