Paragon Private Wealth Management LLC boosted its holdings in Union Pacific Co. (NYSE:UNP – Free Report) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,584 shares of the railroad operator’s stock after purchasing an additional 136 shares during the quarter. Paragon Private Wealth Management LLC’s holdings in Union Pacific were worth $817,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in UNP. Howard Capital Management Group LLC increased its stake in Union Pacific by 16.4% during the third quarter. Howard Capital Management Group LLC now owns 2,860 shares of the railroad operator’s stock worth $705,000 after acquiring an additional 403 shares during the last quarter. Impax Asset Management Group plc increased its stake in Union Pacific by 2,025.4% during the third quarter. Impax Asset Management Group plc now owns 546,236 shares of the railroad operator’s stock worth $134,636,000 after acquiring an additional 520,536 shares during the last quarter. Fiera Capital Corp increased its stake in Union Pacific by 7.2% during the third quarter. Fiera Capital Corp now owns 14,892 shares of the railroad operator’s stock worth $3,671,000 after acquiring an additional 995 shares during the last quarter. Leavell Investment Management Inc. increased its stake in Union Pacific by 0.7% during the third quarter. Leavell Investment Management Inc. now owns 9,228 shares of the railroad operator’s stock worth $2,274,000 after acquiring an additional 60 shares during the last quarter. Finally, CWA Asset Management Group LLC acquired a new stake in Union Pacific during the third quarter worth about $1,865,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Union Pacific
In related news, President Elizabeth F. Whited sold 7,500 shares of the firm’s stock in a transaction that occurred 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 sale, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Craig V. Richardson sold 6,495 shares of the firm’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 value of $1,636,740.00. Following the completion of the sale, the executive vice president now owns 26,319 shares in the company, valued at approximately $6,632,388. This represents a 19.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.
Union Pacific Trading Up 1.9 %
Union Pacific (NYSE:UNP – Get Free Report) last released its earnings results on Thursday, January 23rd. The railroad operator reported $2.91 EPS for the quarter, topping 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 firm posted $2.71 EPS. On average, analysts predict that Union Pacific Co. will post 11.99 EPS for the current year.
Union Pacific Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Friday, February 28th. Union Pacific’s payout ratio is 48.33%.
Analysts Set New Price Targets
Several equities research analysts have commented on UNP shares. Guggenheim upped their price target on Union Pacific from $266.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Raymond James restated a “strong-buy” rating and set a $285.00 price target (up from $265.00) on shares of Union Pacific in a research note on Friday, January 24th. Benchmark increased their target price on Union Pacific from $266.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Wells Fargo & Company lowered their target price on Union Pacific from $267.00 to $265.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus increased their target price on Union Pacific from $253.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $263.00.
Get Our Latest Analysis on Union Pacific
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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