Union Pacific Co. (NYSE:UNP) Position Cut by Summitry LLC

Summitry LLC lessened its position in Union Pacific Co. (NYSE:UNP) by 3.8% during the fourth quarter, Holdings Channel reports. The fund owned 5,998 shares of the railroad operator’s stock after selling 239 shares during the quarter. Summitry LLC’s holdings in Union Pacific were worth $1,368,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Union Pacific in the fourth quarter valued at approximately $296,000. Florida Financial Advisors LLC acquired a new stake in Union Pacific in the 4th quarter valued at approximately $347,000. Meiji Yasuda Asset Management Co Ltd. increased its position in Union Pacific by 0.5% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 39,536 shares of the railroad operator’s stock valued at $9,016,000 after acquiring an additional 204 shares during the period. PKS Advisory Services LLC acquired a new position in Union Pacific during the 4th quarter worth $214,000. Finally, Prestige Wealth Management Group LLC boosted its position in Union Pacific by 5.7% during the 4th quarter. Prestige Wealth Management Group LLC now owns 3,015 shares of the railroad operator’s stock worth $687,000 after acquiring an additional 162 shares during the period. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Price Performance

UNP stock opened at $235.90 on Wednesday. Union Pacific Co. has a one year low of $218.55 and a one year high of $258.07. The firm has a 50-day moving average of $242.98 and a two-hundred day moving average of $239.73. The firm has a market capitalization of $142.55 billion, a PE ratio of 21.27, a P/E/G ratio of 2.15 and a beta of 1.05. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76.

Union Pacific (NYSE:UNP) last issued its quarterly 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 net margin of 27.82% and a return on equity of 41.12%. During the same period in the prior year, the firm posted $2.71 earnings per share. On average, analysts forecast that Union Pacific Co. will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a dividend of $1.34 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.27%. Union Pacific’s dividend payout ratio is 48.33%.

Insider Activity at Union Pacific

In related news, President Elizabeth F. Whited sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $250.00, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. 0.28% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

UNP has been the topic of a number of research analyst reports. Loop Capital lowered Union Pacific from a “hold” rating to a “sell” rating and lowered their price target for the company from $265.00 to $200.00 in a report on Monday, February 3rd. TD Cowen raised their target price 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. Raymond James reaffirmed a “strong-buy” rating and issued a $285.00 price target (up from $265.00) on shares of Union Pacific in a research note on Friday, January 24th. Stifel Nicolaus raised their price objective on shares of Union Pacific from $253.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, Citigroup boosted their target price on Union Pacific from $254.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $263.00.

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.