Shoker Investment Counsel Inc. lifted its position in Union Pacific Co. (NYSE:UNP – Free Report) by 1.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,272 shares of the railroad operator’s stock after acquiring an additional 188 shares during the quarter. Union Pacific makes up about 1.1% of Shoker Investment Counsel Inc.’s holdings, making the stock its 27th biggest holding. Shoker Investment Counsel Inc.’s holdings in Union Pacific were worth $3,255,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UNP. State Street Corp boosted its position 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 worth $6,109,829,000 after buying an additional 217,780 shares during the period. Geode Capital Management LLC lifted 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 worth $3,146,451,000 after acquiring an additional 182,620 shares in the last quarter. Franklin Resources Inc. lifted 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 worth $1,795,993,000 after acquiring an additional 625,492 shares in the last quarter. Fisher Asset Management LLC boosted its position in Union Pacific by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 6,285,585 shares of the railroad operator’s stock worth $1,549,271,000 after acquiring an additional 143,896 shares during the period. Finally, FMR LLC grew its stake in Union Pacific by 0.6% during the 3rd quarter. FMR LLC now owns 5,020,107 shares of the railroad operator’s stock valued at $1,237,356,000 after acquiring 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
Several research firms recently commented on UNP. Benchmark raised their price target on shares of Union Pacific from $266.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Citigroup lifted their target price on shares of Union Pacific from $254.00 to $260.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Stifel Nicolaus upped their price target on shares of Union Pacific from $253.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Loop Capital lowered Union Pacific from a “hold” rating to a “sell” rating and cut their price objective for the stock from $265.00 to $200.00 in a report on Monday, February 3rd. Finally, Guggenheim boosted their price target on Union Pacific from $266.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $261.40.
Union Pacific Stock Performance
Shares of NYSE UNP opened at $245.12 on Friday. Union Pacific Co. has a 12 month low of $218.55 and a 12 month high of $258.07. The company has a market cap of $148.12 billion, a P/E ratio of 22.10, a P/E/G ratio of 2.15 and a beta of 1.06. The business’s 50 day moving average is $239.05 and its two-hundred day moving average is $240.86. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 1.76.
Union Pacific (NYSE:UNP – Get Free Report) last announced its earnings results on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.76 by $0.15. Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. During the same quarter last year, the company earned $2.71 EPS. On average, equities analysts expect that Union Pacific Co. will post 11.99 EPS for the current 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 given a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Friday, February 28th. Union Pacific’s dividend payout ratio is currently 48.33%.
Insider Activity at Union Pacific
In related news, President Elizabeth F. Whited sold 7,500 shares of the firm’s stock in a transaction on 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 transaction, the president now directly owns 64,960 shares of the company’s stock, valued at $16,240,000. This trade represents a 10.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Craig V. Richardson sold 6,495 shares of Union Pacific stock in a transaction on Monday, January 27th. The stock was sold at an average price of $252.00, for a total transaction of $1,636,740.00. Following the sale, the executive vice president now owns 26,319 shares in the company, valued at $6,632,388. This represents a 19.79 % decrease in their position. The disclosure for this sale can be found here. 0.28% of the stock is owned by corporate insiders.
Union Pacific Company 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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