Family Legacy Inc. Grows Position in Union Pacific Co. (NYSE:UNP)

Family Legacy Inc. lifted its holdings in shares of Union Pacific Co. (NYSE:UNP) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,736 shares of the railroad operator’s stock after purchasing an additional 89 shares during the quarter. Family Legacy Inc.’s holdings in Union Pacific were worth $2,025,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of UNP. State Street Corp increased its holdings in shares of Union Pacific by 0.9% in the 3rd quarter. State Street Corp now owns 24,788,337 shares of the railroad operator’s stock worth $6,109,829,000 after buying an additional 217,780 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Union Pacific by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 12,813,686 shares of the railroad operator’s stock worth $3,146,451,000 after acquiring an additional 182,620 shares during the last quarter. Norges Bank bought a new position in Union Pacific in the fourth quarter valued at $1,927,377,000. Franklin Resources Inc. raised its position in Union Pacific by 9.3% during the third quarter. Franklin Resources Inc. now owns 7,322,450 shares of the railroad operator’s stock valued at $1,795,993,000 after purchasing an additional 625,492 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its stake in Union Pacific by 0.3% during the fourth quarter. Fisher Asset Management LLC now owns 6,305,684 shares of the railroad operator’s stock worth $1,437,948,000 after purchasing an additional 20,099 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Insider Activity at Union Pacific

In other Union Pacific news, President Elizabeth F. Whited sold 7,500 shares of the firm’s stock in a transaction dated 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 completion of the sale, the president now directly owns 64,960 shares in the company, valued at approximately $16,240,000. This trade represents a 10.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Craig V. Richardson sold 6,495 shares of the business’s 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 transaction, the executive vice president now owns 26,319 shares of the company’s stock, valued at approximately $6,632,388. The trade was 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 corporate insiders.

Wall Street Analysts Forecast Growth

UNP has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft began coverage on Union Pacific in a report on Friday, March 7th. They issued a “buy” rating and a $295.00 price objective for the company. Guggenheim lifted their price objective on Union Pacific from $266.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Stifel Nicolaus boosted their price objective on Union Pacific from $253.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, January 24th. BMO Capital Markets increased their price objective on Union Pacific from $275.00 to $277.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Finally, Wells Fargo & Company decreased their target price on shares of Union Pacific from $265.00 to $260.00 and set an “overweight” rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Union Pacific presently has an average rating of “Moderate Buy” and a consensus price target of $262.76.

Union Pacific Price Performance

UNP opened at $232.06 on Monday. Union Pacific Co. has a 12-month low of $218.55 and a 12-month high of $258.07. The company has a market cap of $140.23 billion, a price-to-earnings ratio of 20.93, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. The stock has a fifty day simple moving average of $243.11 and a two-hundred day simple moving average of $239.41.

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, beating 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. Research analysts predict that Union Pacific Co. will post 11.99 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

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 given a $1.34 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.31%. Union Pacific’s dividend 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.