Carlton Hofferkamp & Jenks Wealth Management LLC Sells 70 Shares of Union Pacific Co. (NYSE:UNP)

Carlton Hofferkamp & Jenks Wealth Management LLC cut its position in Union Pacific Co. (NYSE:UNP) by 1.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,668 shares of the railroad operator’s stock after selling 70 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Union Pacific were worth $1,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. State Street Corp boosted its stake in Union Pacific by 0.9% in the 3rd quarter. State Street Corp now owns 24,788,337 shares of the railroad operator’s stock valued at $6,109,829,000 after purchasing an additional 217,780 shares during the period. Geode Capital Management LLC boosted its stake in Union Pacific by 1.4% in 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 purchasing an additional 182,620 shares during the period. Franklin Resources Inc. boosted its stake in Union Pacific by 9.3% in the 3rd quarter. Franklin Resources Inc. now owns 7,322,450 shares of the railroad operator’s stock valued at $1,795,993,000 after purchasing an additional 625,492 shares during the period. Fisher Asset Management LLC boosted its stake in Union Pacific by 0.3% in the 4th quarter. Fisher Asset Management LLC now owns 6,305,684 shares of the railroad operator’s stock valued at $1,437,948,000 after purchasing an additional 20,099 shares during the period. Finally, FMR LLC boosted its stake in Union Pacific by 0.6% in the 3rd 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 during the period. 80.38% of the stock is currently owned by institutional investors.

Insider Transactions at Union Pacific

In other news, President Elizabeth F. Whited sold 7,500 shares of Union Pacific 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 transaction, the president now owns 64,960 shares in the company, valued at approximately $16,240,000. The trade was a 10.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Craig V. Richardson sold 6,495 shares of Union Pacific stock in a transaction dated 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. This represents a 19.79 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.

Wall Street Analysts Forecast Growth

UNP has been the subject of several recent research reports. Citigroup boosted their price target on Union Pacific from $254.00 to $260.00 and gave the company a “neutral” 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 company an “outperform” rating in a research report on Friday, January 24th. BMO Capital Markets upped their target price on Union Pacific from $275.00 to $277.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. TD Cowen upped their target price on Union Pacific from $245.00 to $258.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Finally, Stifel Nicolaus upped their target price on Union Pacific from $253.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $261.40.

Union Pacific Price Performance

NYSE:UNP opened at $245.50 on Tuesday. The firm has a market capitalization of $148.35 billion, a price-to-earnings ratio of 22.14, a P/E/G ratio of 2.15 and a beta of 1.06. Union Pacific Co. has a 52-week low of $218.55 and a 52-week high of $258.07. The stock has a fifty day moving average of $239.83 and a 200 day moving average of $240.97. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.77.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share (EPS) 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 quarter last year, the company earned $2.71 earnings per share. On average, research analysts expect that Union Pacific Co. will post 11.99 EPS for the current fiscal year.

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a $1.34 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.36 annualized dividend and a dividend yield of 2.18%. Union Pacific’s dividend payout ratio is currently 48.33%.

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.