Everett Harris & Co. CA boosted its position in shares of Union Pacific Corporation (NYSE:UNP – Free Report) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,148 shares of the railroad operator’s stock after purchasing an additional 3,032 shares during the period. Everett Harris & Co. CA’s holdings in Union Pacific were worth $17,152,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the company. Stephens Consulting LLC increased its holdings in Union Pacific by 48.4% during the 4th quarter. Stephens Consulting LLC now owns 135 shares of the railroad operator’s stock worth $31,000 after purchasing an additional 44 shares in the last quarter. Macroview Investment Management LLC increased its holdings in Union Pacific by 3.4% during the 4th quarter. Macroview Investment Management LLC now owns 1,349 shares of the railroad operator’s stock worth $312,000 after purchasing an additional 44 shares in the last quarter. Prestige Wealth Management Group LLC increased its holdings in Union Pacific by 1.4% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 3,186 shares of the railroad operator’s stock worth $753,000 after purchasing an additional 45 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its stake in shares of Union Pacific by 0.9% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 4,988 shares of the railroad operator’s stock worth $1,154,000 after buying an additional 45 shares during the last quarter. Finally, Keebeck Wealth Management boosted its stake in shares of Union Pacific by 1.7% during the 3rd quarter. Keebeck Wealth Management now owns 2,691 shares of the railroad operator’s stock worth $636,000 after buying an additional 45 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.
Analysts Set New Price Targets
UNP has been the subject of a number of recent research reports. Citigroup restated a “buy” rating and set a $307.00 price objective (up from $285.00) on shares of Union Pacific in a research note on Friday, April 24th. Raymond James Financial set a $310.00 price objective on shares of Union Pacific in a research note on Friday, April 24th. Wells Fargo & Company restated an “overweight” rating and set a $300.00 price objective (up from $260.00) on shares of Union Pacific in a research note on Friday, April 24th. Susquehanna restated a “positive” rating and set a $305.00 price objective on shares of Union Pacific in a research note on Friday. Finally, UBS Group restated a “neutral” rating and set a $274.00 price objective (up from $253.00) on shares of Union Pacific in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $282.21.
Union Pacific Stock Down 1.3%
Shares of UNP stock opened at $268.84 on Tuesday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.73 and a current ratio of 0.92. The firm’s 50-day moving average is $259.92 and its 200-day moving average is $247.54. The stock has a market cap of $159.61 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 2.89 and a beta of 0.97. Union Pacific Corporation has a 52-week low of $210.84 and a 52-week high of $279.70.
Union Pacific (NYSE:UNP – Get Free Report) last issued its earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.07. The company had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.12 billion. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. Union Pacific’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.70 EPS. Sell-side analysts predict that Union Pacific Corporation will post 12.53 EPS for the current year.
Union Pacific Announces Dividend
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 issued a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, May 29th. Union Pacific’s dividend payout ratio is currently 45.47%.
Insider Buying and Selling at Union Pacific
In other Union Pacific news, EVP Kenyatta G. Rocker sold 27,387 shares of the stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $271.76, for a total value of $7,442,691.12. Following the transaction, the executive vice president directly owned 61,102 shares of the company’s stock, valued at $16,605,079.52. This represents a 30.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Eric J. Gehringer sold 2,991 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total transaction of $789,504.36. Following the completion of the transaction, the executive vice president directly owned 43,012 shares in the company, valued at approximately $11,353,447.52. This represents a 6.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 34,377 shares of company stock valued at $9,251,221 in the last three months. 0.22% of the stock is currently owned by company insiders.
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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