Elevated Capital Advisors LLC acquired a new position in Union Pacific Co. (NYSE:UNP) in the 4th quarter, HoldingsChannel reports. The fund acquired 1,312 shares of the railroad operator’s stock, valued at approximately $237,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Fishman Jay A Ltd. MI increased its position in shares of Union Pacific by 2.8% during the fourth quarter. Fishman Jay A Ltd. MI now owns 2,055 shares of the railroad operator’s stock worth $372,000 after acquiring an additional 55 shares during the period. Trust Co. of Oklahoma increased its holdings in Union Pacific by 0.5% during the fourth quarter. Trust Co. of Oklahoma now owns 11,625 shares of the railroad operator’s stock valued at $2,102,000 after buying an additional 60 shares during the period. PFG Advisors increased its holdings in Union Pacific by 0.5% during the fourth quarter. PFG Advisors now owns 11,892 shares of the railroad operator’s stock valued at $2,141,000 after buying an additional 61 shares during the period. MONECO Advisors LLC increased its holdings in Union Pacific by 2.0% during the third quarter. MONECO Advisors LLC now owns 3,247 shares of the railroad operator’s stock valued at $526,000 after buying an additional 63 shares during the period. Finally, Moloney Securities Asset Management LLC increased its holdings in Union Pacific by 1.2% during the third quarter. Moloney Securities Asset Management LLC now owns 5,378 shares of the railroad operator’s stock valued at $871,000 after buying an additional 65 shares during the period. 77.86% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Elizabeth F. Whited sold 5,342 shares of Union Pacific stock in a transaction on Monday, December 9th. The shares were sold at an average price of $171.62, for a total transaction of $916,794.04. Following the completion of the sale, the executive vice president now directly owns 63,021 shares in the company, valued at $10,815,664.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Jennifer L. Hamann sold 1,000 shares of Union Pacific stock in a transaction 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 sale, the chief financial officer now owns 62,331 shares of the company’s stock, valued at $11,406,573. The disclosure for this sale can be found here. Insiders own 9.96% of the company’s stock.
Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, January 23rd. The railroad operator reported $2.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.03 by ($0.01). Union Pacific had a return on equity of 32.86% and a net margin of 27.27%. The company had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.24 billion. During the same quarter in the previous year, the firm posted $2.12 earnings per share. The company’s quarterly revenue was down 9.5% on a year-over-year basis. Equities analysts forecast that Union Pacific Co. will post 9.26 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 28th will be paid a dividend of $0.97 per share. The ex-dividend date is Thursday, February 27th. This represents a $3.88 annualized dividend and a dividend yield of 2.11%. Union Pacific’s payout ratio is currently 46.30%.
Several equities analysts recently issued reports on the stock. UBS Group lowered shares of Union Pacific from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $184.00 to $201.00 in a report on Friday, January 24th. Deutsche Bank lifted their price objective on shares of Union Pacific from $185.00 to $215.00 and gave the company a “buy” rating in a report on Monday, January 27th. Citigroup raised shares of Union Pacific from a “neutral” rating to a “buy” rating in a report on Tuesday, January 14th. TD Securities lifted their price objective on shares of Union Pacific from $185.00 to $190.00 and gave the company a “hold” rating in a report on Friday, January 24th. Finally, Benchmark initiated coverage on shares of Union Pacific in a report on Friday, January 24th. They set a “buy” rating and a $206.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $192.30.
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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