Perigon Wealth Management LLC Decreases Stock Position in Union Pacific Co. (NYSE:UNP)

Perigon Wealth Management LLC lowered its stake in Union Pacific Co. (NYSE:UNP) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,455 shares of the railroad operator’s stock after selling 282 shares during the period. Perigon Wealth Management LLC’s holdings in Union Pacific were worth $1,751,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL purchased a new position in shares of Union Pacific in the second quarter worth about $28,000. Catalyst Capital Advisors LLC purchased a new position in Union Pacific during the 3rd quarter valued at about $30,000. Jamison Private Wealth Management Inc. raised its position in Union Pacific by 265.7% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 128 shares of the railroad operator’s stock valued at $32,000 after purchasing an additional 93 shares during the last quarter. Peterson Financial Group Inc. bought a new position in Union Pacific during the 3rd quarter valued at approximately $32,000. Finally, Dunhill Financial LLC raised its position in Union Pacific by 111.5% during the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the railroad operator’s stock valued at $32,000 after purchasing an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Susquehanna lowered their price target on Union Pacific from $260.00 to $255.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Raymond James reaffirmed a “strong-buy” rating and set a $285.00 price target (up previously from $265.00) on shares of Union Pacific in a research report on Friday, January 24th. Barclays increased their target price on Union Pacific from $275.00 to $285.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Robert W. Baird increased their target price on Union Pacific from $260.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Finally, JPMorgan Chase & Co. decreased their target price on Union Pacific from $263.00 to $252.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $263.30.

Insider Buying and Selling at Union Pacific

In other news, President Elizabeth F. Whited sold 7,500 shares of the firm’s stock in a transaction on Friday, January 24th. The stock was 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 in the company, valued at $16,240,000. This trade represents a 10.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Craig V. Richardson sold 6,495 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $252.00, for a total value of $1,636,740.00. Following the completion of the transaction, the executive vice president now owns 26,319 shares in the company, valued at approximately $6,632,388. This trade represents a 19.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.

Union Pacific Stock Performance

Union Pacific stock opened at $249.67 on Thursday. The stock’s 50 day moving average is $234.77 and its 200 day moving average is $239.94. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79. Union Pacific Co. has a twelve month low of $218.55 and a twelve month high of $258.66. The company has a market capitalization of $151.37 billion, a P/E ratio of 22.93, a PEG ratio of 2.12 and a beta of 1.06.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, January 23rd. The railroad operator reported $2.91 EPS for the quarter, beating the consensus estimate of $2.76 by $0.15. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. During the same quarter in the prior year, the business posted $2.71 EPS. On average, equities research analysts predict that Union Pacific Co. will post 10.96 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were paid a dividend of $1.34 per share. The ex-dividend date was Monday, December 9th. This represents a $5.36 annualized dividend and a yield of 2.15%. Union Pacific’s dividend payout ratio is 49.22%.

Union Pacific 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.