Marks Group Wealth Management Inc reduced its stake in shares of Union Pacific Corporation (NYSE:UNP – Free Report) by 10.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 31,735 shares of the railroad operator’s stock after selling 3,788 shares during the period. Marks Group Wealth Management Inc’s holdings in Union Pacific were worth $7,341,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of UNP. Rachor Investment Advisory Services LLC purchased a new stake in shares of Union Pacific during the 4th quarter valued at approximately $25,000. Tucker Asset Management LLC purchased a new stake in shares of Union Pacific during the 4th quarter valued at approximately $25,000. High Point Wealth Management LLC purchased a new stake in shares of Union Pacific during the 4th quarter valued at approximately $26,000. Caitlin John LLC purchased a new stake in shares of Union Pacific during the 3rd quarter valued at approximately $27,000. Finally, Saranac Partners Ltd purchased a new stake in shares of Union Pacific during the 3rd quarter valued at approximately $27,000. 80.38% of the stock is currently owned by hedge funds and other institutional investors.
Union Pacific Stock Performance
Union Pacific stock opened at $268.84 on Tuesday. The firm’s 50 day simple moving average is $259.92 and its 200 day simple moving average is $247.54. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.53. The firm has a market capitalization of $159.61 billion, a PE ratio of 22.14, a price-to-earnings-growth ratio of 2.89 and a beta of 0.97. Union Pacific Corporation has a 1-year low of $210.84 and a 1-year high of $279.70.
Union Pacific Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, May 29th. Union Pacific’s payout ratio is currently 45.47%.
Insiders Place Their Bets
In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total value of $789,504.36. Following the completion of the transaction, the executive vice president owned 43,012 shares of the company’s stock, valued at $11,353,447.52. The trade was a 6.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kenyatta G. Rocker sold 27,387 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $271.76, for a total transaction of $7,442,691.12. Following the completion of the transaction, the executive vice president directly owned 61,102 shares of the company’s stock, valued at approximately $16,605,079.52. This represents a 30.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 34,377 shares of company stock valued at $9,251,221 in the last quarter. Corporate insiders own 0.22% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages recently commented on UNP. Raymond James Financial set a $310.00 price target on shares of Union Pacific in a research note on Friday, April 24th. Weiss Ratings upgraded shares of Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, April 21st. JPMorgan Chase & Co. upped their price target on shares of Union Pacific from $267.00 to $275.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. BMO Capital Markets reaffirmed a “market perform” rating and set a $285.00 target price (up from $278.00) on shares of Union Pacific in a report on Friday, April 24th. Finally, Susquehanna reaffirmed a “positive” rating and set a $305.00 target price on shares of Union Pacific in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $282.21.
Read Our Latest Research Report on Union Pacific
Union Pacific Profile
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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