Summit Financial LLC Increases Stock Position in Union Pacific Co. (NYSE:UNP)

Summit Financial LLC increased its holdings in shares of Union Pacific Co. (NYSE:UNP) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,154 shares of the railroad operator’s stock after purchasing an additional 251 shares during the period. Summit Financial LLC’s holdings in Union Pacific were worth $3,912,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Compass Financial Services Inc purchased a new stake in shares of Union Pacific during the fourth quarter valued at about $25,000. Synergy Asset Management LLC bought a new position in shares of Union Pacific during the 4th quarter worth approximately $29,000. Dunhill Financial LLC lifted its position in Union Pacific by 111.5% during the third quarter. Dunhill Financial LLC now owns 129 shares of the railroad operator’s stock valued at $32,000 after acquiring an additional 68 shares during the last quarter. PrairieView Partners LLC acquired a new stake in Union Pacific in the fourth quarter valued at approximately $34,000. Finally, Kentucky Trust Co purchased a new position in Union Pacific in the fourth quarter worth $40,000. Institutional investors own 80.38% of the company’s stock.

Insider Activity

In other news, President Elizabeth F. Whited sold 7,500 shares of the business’s stock in a transaction dated 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 completion of the sale, the president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Craig V. Richardson sold 6,495 shares of the firm’s stock in a transaction dated 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 directly owns 26,319 shares in the company, valued at $6,632,388. This 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 Price Performance

NYSE:UNP opened at $236.37 on Tuesday. The company has a 50 day moving average price of $243.16 and a 200-day moving average price of $239.32. Union Pacific Co. has a 1-year low of $218.55 and a 1-year high of $258.07. The firm has a market cap of $141.66 billion, a price-to-earnings ratio of 21.31, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.77 and a quick ratio of 0.62.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share for the quarter, topping analysts’ consensus estimates 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 company earned $2.71 earnings per share. Equities research analysts forecast that Union Pacific Co. will post 11.99 EPS for the current year.

Union Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were issued a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 2.27%. The ex-dividend date was Friday, February 28th. Union Pacific’s payout ratio is currently 48.33%.

Analyst Upgrades and Downgrades

UNP has been the subject of a number of recent analyst reports. Robert W. Baird raised their price objective on Union Pacific from $260.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Susquehanna dropped their price target on Union Pacific from $265.00 to $255.00 and set a “neutral” rating on the stock in a research note on Thursday, March 27th. Guggenheim increased their price objective on shares of Union Pacific from $266.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, January 24th. TD Cowen lifted their target price on shares of Union Pacific from $245.00 to $258.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Finally, Benchmark upped their price target on shares of Union Pacific from $266.00 to $275.00 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 assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Union Pacific has an average rating of “Moderate Buy” and a consensus price target of $262.76.

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.