Ford Financial Group Inc. lifted its stake in shares of Union Pacific Co. (NYSE:UNP) by 22.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,173 shares of the railroad operator’s stock after acquiring an additional 400 shares during the period. Ford Financial Group Inc.’s holdings in Union Pacific were worth $392,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Ilmarinen Mutual Pension Insurance Co acquired a new stake in shares of Union Pacific during the third quarter valued at $15,388,000. PointState Capital LP lifted its position in Union Pacific by 22.4% during the third quarter. PointState Capital LP now owns 800,474 shares of the railroad operator’s stock worth $129,661,000 after buying an additional 146,312 shares during the period. Beese Fulmer Investment Management Inc. lifted its position in Union Pacific by 17.3% during the third quarter. Beese Fulmer Investment Management Inc. now owns 14,127 shares of the railroad operator’s stock worth $2,288,000 after buying an additional 2,079 shares during the period. Colony Group LLC lifted its position in Union Pacific by 48.3% during the third quarter. Colony Group LLC now owns 16,518 shares of the railroad operator’s stock worth $2,676,000 after buying an additional 5,381 shares during the period. Finally, Ellevest Inc. purchased a new position in shares of Union Pacific in the 2nd quarter worth about $445,000. 77.82% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently commented on UNP shares. TD Securities raised their price objective on Union Pacific from $185.00 to $190.00 and gave the stock a “hold” rating in a report on Friday. Zacks Investment Research downgraded Union Pacific from a “hold” rating to a “sell” rating and set a $192.00 price objective on the stock. in a report on Monday, December 30th. Wells Fargo & Co raised their target price on Union Pacific from $193.00 to $205.00 and gave the company an “equal weight” rating in a report on Friday. Bank of America upgraded Union Pacific from a “neutral” rating to a “buy” rating in a report on Tuesday, January 14th. Finally, Credit Suisse Group raised their target price on Union Pacific from $215.00 to $216.00 and gave the company an “outperform” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $192.30.
NYSE UNP traded up $2.07 during mid-day trading on Tuesday, reaching $180.54. 793,202 shares of the company’s stock traded hands, compared to its average volume of 2,685,483. Union Pacific Co. has a 1-year low of $149.09 and a 1-year high of $188.96. The company has a fifty day simple moving average of $180.24 and a 200-day simple moving average of $171.48. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 1.32. The company has a market cap of $128.90 billion, a price-to-earnings ratio of 21.52, a P/E/G ratio of 1.99 and a beta of 1.08.
Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, January 23rd. The railroad operator reported $2.02 earnings per share for the quarter, missing analysts’ consensus estimates of $2.03 by ($0.01). Union Pacific had a net margin of 27.27% and a return on equity of 32.86%. The business had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.24 billion. During the same quarter last year, the business earned $2.12 EPS. Union Pacific’s revenue for the quarter was down 9.5% compared to the same quarter last year. Equities research analysts forecast that Union Pacific Co. will post 9.33 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, November 29th were paid a dividend of $0.97 per share. The ex-dividend date was Wednesday, November 27th. This represents a $3.88 dividend on an annualized basis and a yield of 2.15%. Union Pacific’s dividend payout ratio (DPR) is presently 46.30%.
In other Union Pacific news, CFO Jennifer L. Hamann sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $183.00, for a total transaction of $183,000.00. Following the completion of the sale, the chief financial officer now owns 62,331 shares in the company, valued at approximately $11,406,573. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Elizabeth F. Whited sold 5,342 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $171.62, for a total value of $916,794.04. Following the sale, the executive vice president now owns 63,021 shares of the company’s stock, valued at approximately $10,815,664.02. The disclosure for this sale can be found here. 9.96% of the stock is owned by company insiders.
Union Pacific Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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