Axxcess Wealth Management LLC lifted its position in shares of Union Pacific Corporation (NYSE:UNP – Free Report) by 91.8% during the fourth quarter, HoldingsChannel reports. The fund owned 43,840 shares of the railroad operator’s stock after acquiring an additional 20,980 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Union Pacific were worth $10,141,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Rachor Investment Advisory Services LLC acquired a new stake in Union Pacific in the fourth quarter valued at $25,000. Tucker Asset Management LLC acquired a new stake in shares of Union Pacific in the fourth quarter valued at approximately $25,000. High Point Wealth Management LLC acquired a new stake in shares of Union Pacific in the fourth quarter valued at approximately $26,000. Caitlin John LLC acquired a new stake in shares of Union Pacific in the third quarter valued at approximately $27,000. Finally, Saranac Partners Ltd acquired a new stake in shares of Union Pacific in the third quarter valued at approximately $27,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Union Pacific news, EVP Eric J. Gehringer sold 1,999 shares of the company’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of $234.93, for a total value of $469,625.07. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jennifer L. Hamann sold 2,000 shares of the business’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $274.70, for a total value of $549,400.00. Following the sale, the chief financial officer owned 114,642 shares in the company, valued at approximately $31,492,157.40. The trade was a 1.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 31,386 shares of company stock valued at $8,461,716 over the last quarter. Insiders own 0.22% of the company’s stock.
Union Pacific Stock Up 0.1%
Union Pacific (NYSE:UNP – Get Free Report) last released its earnings results on Thursday, April 23rd. The railroad operator reported $2.93 EPS for the quarter, beating the consensus estimate of $2.86 by $0.07. The company had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.12 billion. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.The business’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.70 EPS. As a group, sell-side analysts predict that Union Pacific Corporation will post 12.53 EPS for the current fiscal year.
Union Pacific Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be issued a $1.38 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a yield of 2.1%. Union Pacific’s dividend payout ratio (DPR) is currently 45.47%.
Analysts Set New Price Targets
A number of research firms recently commented on UNP. BMO Capital Markets reaffirmed a “market perform” rating and set a $285.00 price objective (up from $278.00) on shares of Union Pacific in a research note on Friday, April 24th. JPMorgan Chase & Co. increased their price objective on Union Pacific from $267.00 to $275.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Robert W. Baird set a $311.00 price objective on Union Pacific and gave the company an “outperform” rating in a research note on Friday, March 6th. Sanford C. Bernstein increased their price objective on Union Pacific from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $267.00 price objective on shares of Union Pacific in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Union Pacific presently has a consensus rating of “Moderate Buy” and a consensus price target of $280.47.
Check Out Our Latest Report on Union Pacific
About Union Pacific
Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.
Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.
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