Berry Wealth Group LP Takes Position in Union Pacific Co. (NYSE:UNP)

Berry Wealth Group LP acquired a new stake in shares of Union Pacific Co. (NYSE:UNP) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 8,984 shares of the railroad operator’s stock, valued at approximately $2,207,000. Union Pacific accounts for about 2.0% of Berry Wealth Group LP’s investment portfolio, making the stock its 20th largest position.

Several other institutional investors and hedge funds have also recently modified their holdings of UNP. Brookstone Capital Management grew its stake in Union Pacific by 14.9% during the third quarter. Brookstone Capital Management now owns 15,498 shares of the railroad operator’s stock valued at $3,260,000 after acquiring an additional 2,007 shares in the last quarter. Vicus Capital grew its stake in shares of Union Pacific by 141.4% in the 3rd quarter. Vicus Capital now owns 2,672 shares of the railroad operator’s stock worth $544,000 after buying an additional 1,565 shares in the last quarter. Hexagon Capital Partners LLC grew its stake in shares of Union Pacific by 48.6% in the 3rd quarter. Hexagon Capital Partners LLC now owns 309 shares of the railroad operator’s stock worth $63,000 after buying an additional 101 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new position in shares of Union Pacific in the 3rd quarter worth $296,000. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Union Pacific by 10.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 63,947 shares of the railroad operator’s stock worth $13,022,000 after buying an additional 6,071 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Price Performance

NYSE:UNP traded down $1.55 during trading hours on Wednesday, reaching $235.61. 551,543 shares of the company were exchanged, compared to its average volume of 2,297,244. The company has a current ratio of 0.93, a quick ratio of 0.76 and a debt-to-equity ratio of 1.99. The stock’s 50-day moving average is $243.95 and its 200-day moving average is $235.77. The firm has a market cap of $143.75 billion, a PE ratio of 22.50, a price-to-earnings-growth ratio of 2.57 and a beta of 1.07. Union Pacific Co. has a twelve month low of $190.71 and a twelve month high of $258.66.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, April 25th. The railroad operator reported $2.69 earnings per share for the quarter, topping analysts’ consensus estimates of $2.50 by $0.19. The company had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $5.97 billion. Union Pacific had a net margin of 26.52% and a return on equity of 44.34%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the business posted $2.67 earnings per share. On average, sell-side analysts anticipate that Union Pacific Co. will post 11.17 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 29th were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend was Wednesday, February 28th. Union Pacific’s dividend payout ratio (DPR) is presently 49.62%.

Analyst Upgrades and Downgrades

UNP has been the subject of a number of recent analyst reports. BMO Capital Markets lifted their price target on shares of 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 shares of Union Pacific in a research note on Monday, April 8th. They set a “hold” rating and a $250.00 price target for the company. Evercore ISI lifted their price target on shares of Union Pacific from $271.00 to $273.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Sanford C. Bernstein raised shares of Union Pacific from a “market perform” rating to an “outperform” rating and set a $280.00 price target for the company in a research note on Monday, January 22nd. Finally, StockNews.com raised shares of Union Pacific from a “hold” rating to a “buy” rating in a research note on Friday, April 26th. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $258.78.

Insiders Place Their Bets

In related news, President Elizabeth F. Whited sold 3,750 shares of Union Pacific stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $250.00, for a total value of $937,500.00. Following the completion of the transaction, the president now owns 56,682 shares in the company, valued at $14,170,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is currently owned by insiders.

Union Pacific Company 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.