Private Management Group Inc. lifted its stake in Union Pacific Co. (NYSE:UNP – Free Report) by 8.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,024 shares of the railroad operator’s stock after purchasing an additional 80 shares during the quarter. Private Management Group Inc.’s holdings in Union Pacific were worth $233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also made changes to their positions in the company. Synergy Asset Management LLC purchased a new stake in shares of Union Pacific in the fourth quarter worth approximately $29,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Union Pacific in the third quarter worth approximately $30,000. Jamison Private Wealth Management Inc. lifted its position in shares of Union Pacific by 265.7% in the third quarter. Jamison Private Wealth Management Inc. now owns 128 shares of the railroad operator’s stock worth $32,000 after purchasing an additional 93 shares in the last quarter. Peterson Financial Group Inc. bought a new position in Union Pacific during the third quarter valued at approximately $32,000. Finally, Dunhill Financial LLC raised its position in Union Pacific by 111.5% during the third quarter. Dunhill Financial LLC now owns 129 shares of the railroad operator’s stock valued at $32,000 after acquiring an additional 68 shares in the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the stock. Loop Capital lowered shares of Union Pacific from a “hold” rating to a “sell” rating and cut their price objective for the company from $265.00 to $200.00 in a research report on Monday. Raymond James reaffirmed a “strong-buy” rating and set a $285.00 price objective (up previously from $265.00) on shares of Union Pacific in a research report on Friday, January 24th. Wells Fargo & Company cut their price objective on shares of Union Pacific from $267.00 to $265.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Benchmark raised their price objective on shares of Union Pacific from $266.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Finally, TD Cowen raised their price objective on shares of Union Pacific from $245.00 to $258.00 and gave the company a “buy” rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $261.40.
Insider Buying and Selling
In other Union Pacific news, EVP Craig V. Richardson sold 6,495 shares of Union Pacific stock in a transaction 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 directly owns 26,319 shares of the company’s stock, valued at approximately $6,632,388. This trade represents a 19.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Elizabeth F. Whited sold 7,500 shares of Union Pacific stock in a transaction on Friday, January 24th. The shares were sold at an average price of $250.00, for a total value of $1,875,000.00. Following the transaction, the president now directly owns 64,960 shares of the company’s stock, valued at approximately $16,240,000. The trade was a 10.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is owned by company insiders.
Union Pacific Trading Down 0.4 %
Shares of Union Pacific stock opened at $243.61 on Friday. The company’s fifty day simple moving average is $235.23 and its 200-day simple moving average is $240.15. The company has a market cap of $147.69 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 2.15 and a beta of 1.06. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.76. Union Pacific Co. has a 1 year low of $218.55 and a 1 year high of $258.66.
Union Pacific (NYSE:UNP – Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the prior year, the business earned $2.71 EPS. As a group, sell-side analysts expect that Union Pacific Co. will post 12.03 EPS for the current year.
Union Pacific Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 2.20%. Union Pacific’s dividend payout ratio (DPR) 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.
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