Concord Asset Management LLC VA Purchases 415 Shares of Union Pacific Co. (NYSE:UNP)

Concord Asset Management LLC VA increased its stake in shares of Union Pacific Co. (NYSE:UNP) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,627 shares of the railroad operator’s stock after purchasing an additional 415 shares during the quarter. Concord Asset Management LLC VA’s holdings in Union Pacific were worth $3,107,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL bought a new position in shares of Union Pacific in the 2nd quarter worth $28,000. Synergy Asset Management LLC bought a new stake in Union Pacific during the 4th quarter worth approximately $29,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Union Pacific during the third quarter worth $30,000. Jamison Private Wealth Management Inc. lifted its holdings 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 valued at $32,000 after purchasing an additional 93 shares in the last quarter. Finally, Dunhill Financial LLC lifted its stake in Union Pacific by 111.5% in the 3rd 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 currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Union Pacific

In related news, EVP Craig V. Richardson sold 6,495 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $252.00, for a total transaction of $1,636,740.00. Following the sale, the executive vice president now directly owns 26,319 shares in the company, valued at approximately $6,632,388. This represents a 19.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the president now directly owns 64,960 shares of the company’s stock, valued at $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. Company insiders own 0.28% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on UNP. Barclays boosted their price target on shares of Union Pacific from $275.00 to $285.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. TD Cowen upped their price target on shares of Union Pacific from $245.00 to $258.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Guggenheim lifted their target price on Union Pacific from $266.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Royal Bank of Canada reduced their price target on Union Pacific from $288.00 to $283.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, Susquehanna decreased their target price on shares of Union Pacific from $260.00 to $255.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $263.30.

Union Pacific Stock Down 0.8 %

Shares of NYSE:UNP opened at $247.85 on Friday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.63 and a current ratio of 0.77. Union Pacific Co. has a 52-week low of $218.55 and a 52-week high of $258.66. The business’s 50 day simple moving average is $235.31 and its two-hundred day simple moving average is $240.08. The firm has a market cap of $150.26 billion, a P/E ratio of 22.35, a PEG ratio of 2.16 and a beta of 1.06.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.15. Union Pacific had a return on equity of 41.12% and a net margin of 27.82%. During the same quarter in the prior year, the company posted $2.71 earnings per share. As a group, research analysts forecast that Union Pacific Co. will post 12.03 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were given a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend was Monday, December 9th. Union Pacific’s payout ratio is 48.33%.

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.