Belpointe Asset Management LLC increased its stake in shares of Union Pacific Co. (NYSE:UNP) by 29.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,165 shares of the railroad operator’s stock after purchasing an additional 1,839 shares during the quarter. Belpointe Asset Management LLC’s holdings in Union Pacific were worth $1,475,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in UNP. Simon Quick Advisors LLC lifted its holdings in Union Pacific by 177.9% in the fourth quarter. Simon Quick Advisors LLC now owns 189 shares of the railroad operator’s stock valued at $34,000 after buying an additional 121 shares during the period. Corbenic Partners LLC acquired a new position in Union Pacific in the fourth quarter valued at approximately $34,000. NewSquare Capital LLC acquired a new position in Union Pacific in the fourth quarter valued at approximately $38,000. Manchester Financial Inc. acquired a new position in Union Pacific in the fourth quarter valued at approximately $41,000. Finally, Stonebridge Financial Planning Group LLC acquired a new position in Union Pacific in the fourth quarter valued at approximately $41,000. 79.98% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently weighed in on the stock. Bank of America upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating in a report on Tuesday, January 14th. Wells Fargo & Co cut their price objective on shares of Union Pacific from $205.00 to $200.00 and set an “equal weight” rating on the stock in a report on Monday, March 9th. BMO Capital Markets increased their price objective on shares of Union Pacific from $188.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Ardour Capital upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating in a report on Tuesday, January 14th. Finally, TD Securities increased 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. One research analyst has 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 stock. The company has a consensus rating of “Buy” and an average target price of $187.90.
In other news, CFO Jennifer L. Hamann sold 1,000 shares of the stock in a transaction on Thursday, January 16th. The shares were 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 of the company’s stock, valued at $11,406,573. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Vincenzo J. Vena acquired 3,206 shares of the stock in a transaction dated Friday, February 28th. The shares were bought at an average cost of $155.92 per share, with a total value of $499,879.52. Following the transaction, the chief operating officer now directly owns 19,966 shares of the company’s stock, valued at $3,113,098.72. The disclosure for this purchase can be found here. 9.96% of the stock is owned by corporate insiders.
UNP opened at $128.87 on Wednesday. The firm’s fifty day moving average is $161.11 and its two-hundred day moving average is $169.86. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.62 and a current ratio of 0.79. The firm has a market cap of $81.34 billion, a PE ratio of 15.36, a price-to-earnings-growth ratio of 1.30 and a beta of 1.12. Union Pacific Co. has a twelve month low of $105.08 and a twelve month high of $188.96.
Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, January 23rd. The railroad operator reported $2.02 earnings per share (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 the consensus estimate of $5.24 billion. During the same period in the prior year, the company earned $2.12 EPS. The firm’s revenue was down 9.5% on a year-over-year basis. Equities analysts forecast that Union Pacific Co. will post 9.04 EPS for the current fiscal 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 given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Thursday, February 27th. Union Pacific’s dividend payout ratio is 46.30%.
Union Pacific Company 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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