Campbell Wealth Management purchased a new position in shares of Union Pacific Co. (NYSE:UNP – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,402 shares of the railroad operator’s stock, valued at approximately $320,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in UNP. State Street Corp boosted its stake in shares of Union Pacific by 0.9% in the third quarter. State Street Corp now owns 24,788,337 shares of the railroad operator’s stock valued at $6,109,829,000 after buying an additional 217,780 shares during the period. Geode Capital Management LLC lifted its position in shares of Union Pacific by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 12,813,686 shares of the railroad operator’s stock valued at $3,146,451,000 after acquiring an additional 182,620 shares during the period. Franklin Resources Inc. grew its holdings in shares of Union Pacific by 9.3% during the 3rd quarter. Franklin Resources Inc. now owns 7,322,450 shares of the railroad operator’s stock worth $1,795,993,000 after purchasing an additional 625,492 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Union Pacific by 2.3% in the third quarter. Fisher Asset Management LLC now owns 6,285,585 shares of the railroad operator’s stock worth $1,549,271,000 after purchasing an additional 143,896 shares during the period. Finally, FMR LLC raised its stake in Union Pacific by 0.6% in the third quarter. FMR LLC now owns 5,020,107 shares of the railroad operator’s stock valued at $1,237,356,000 after purchasing an additional 31,899 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.
Wall Street Analysts Forecast Growth
UNP has been the topic of several recent analyst reports. Royal Bank of Canada decreased their target price on shares of Union Pacific from $288.00 to $283.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Stifel Nicolaus lifted 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. Robert W. Baird upped their target price on Union Pacific from $260.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. BMO Capital Markets raised their target price on Union Pacific from $275.00 to $277.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Finally, Susquehanna dropped their price objective on Union Pacific from $260.00 to $255.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $261.40.
Union Pacific Trading Up 1.0 %
NYSE:UNP opened at $250.96 on Friday. Union Pacific Co. has a 52 week low of $218.55 and a 52 week high of $258.66. The firm’s fifty day moving average is $235.70 and its 200-day moving average is $240.36. The firm has a market cap of $152.15 billion, a P/E ratio of 22.63, a P/E/G ratio of 2.11 and a beta of 1.06. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.63 and a current ratio of 0.77.
Union Pacific (NYSE:UNP – Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share for the quarter, topping the consensus estimate 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 period last year, the firm posted $2.71 earnings per share. Equities analysts expect that Union Pacific Co. will post 12.01 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. Shareholders of record on Friday, February 28th will be issued a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Friday, February 28th. Union Pacific’s payout ratio is 48.33%.
Insider Transactions at Union Pacific
In other news, President Elizabeth F. Whited sold 7,500 shares of the firm’s stock in a transaction dated 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 completion of 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Craig V. Richardson sold 6,495 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $252.00, for a total value 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. The trade was a 19.79 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.
Union Pacific 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.
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