Stonebrook Private Inc. Invests $1.66 Million in Union Pacific Co. (NYSE:UNP)

Stonebrook Private Inc. purchased a new position in shares of Union Pacific Co. (NYSE:UNP) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,750 shares of the railroad operator’s stock, valued at approximately $1,658,000.

A number of other hedge funds have also modified their holdings of the business. Linden Thomas Advisory Services LLC lifted its stake in Union Pacific by 7.1% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 3,409 shares of the railroad operator’s stock worth $694,000 after acquiring an additional 226 shares in the last quarter. Bfsg LLC lifted its stake in Union Pacific by 3.6% during the 3rd quarter. Bfsg LLC now owns 3,445 shares of the railroad operator’s stock worth $702,000 after acquiring an additional 120 shares in the last quarter. Avestar Capital LLC acquired a new position in Union Pacific during the 3rd quarter worth about $294,000. Plimoth Trust Co. LLC lifted its stake in Union Pacific by 1.1% during the 3rd quarter. Plimoth Trust Co. LLC now owns 11,403 shares of the railroad operator’s stock worth $2,322,000 after acquiring an additional 122 shares in the last quarter. Finally, Lake Street Financial LLC lifted its stake in Union Pacific by 4.6% during the 3rd quarter. Lake Street Financial LLC now owns 3,355 shares of the railroad operator’s stock worth $685,000 after acquiring an additional 147 shares in the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. BMO Capital Markets increased their target price on Union Pacific from $270.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Jefferies Financial Group initiated coverage on Union Pacific in a research report on Monday, April 8th. They issued a “hold” rating and a $250.00 price target on the stock. Benchmark increased their price target on Union Pacific from $260.00 to $266.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. TD Cowen increased their price target on Union Pacific from $252.00 to $258.00 and gave the company a “buy” rating in a research report on Friday. Finally, Evercore ISI increased their price target on Union Pacific from $271.00 to $273.00 and gave the company an “outperform” rating in a research report on Friday. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $258.78.

Insider Activity

In related news, President Elizabeth F. Whited sold 3,750 shares of Union Pacific stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $250.00, for a total transaction of $937,500.00. Following the completion of the transaction, the president now directly owns 56,682 shares of the company’s stock, valued at $14,170,500. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.28% of the company’s stock.

Union Pacific Stock Performance

NYSE:UNP traded down $0.76 during mid-day trading on Friday, reaching $242.79. 2,255,458 shares of the stock were exchanged, compared to its average volume of 2,120,671. The company has a 50 day simple moving average of $244.27 and a 200-day simple moving average of $235.15. The stock has a market capitalization of $148.13 billion, a P/E ratio of 23.17, a P/E/G ratio of 2.62 and a beta of 1.07. The company has a quick ratio of 0.67, a current ratio of 0.93 and a debt-to-equity ratio of 1.99. Union Pacific Co. has a 1 year low of $190.45 and a 1 year high of $258.66.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, April 25th. The railroad operator reported $2.69 EPS for the quarter, beating the consensus estimate of $2.50 by $0.19. The business had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $5.97 billion. Union Pacific had a return on equity of 44.34% and a net margin of 26.52%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same period last year, the firm earned $2.67 EPS. Analysts anticipate that Union Pacific Co. will post 11.08 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 29th were issued a $1.30 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $5.20 annualized dividend and a dividend yield of 2.14%. Union Pacific’s dividend payout ratio is currently 49.62%.

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.