Sagespring Wealth Partners LLC Takes $2.56 Million Position in Union Pacific Co. (NYSE:UNP)

Sagespring Wealth Partners LLC bought a new position in Union Pacific Co. (NYSE:UNP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,225 shares of the railroad operator’s stock, valued at approximately $2,560,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. World Investment Advisors LLC raised its holdings in Union Pacific by 103.1% during the 3rd quarter. World Investment Advisors LLC now owns 35,581 shares of the railroad operator’s stock worth $8,770,000 after buying an additional 18,060 shares during the period. abrdn plc increased its position in shares of Union Pacific by 9.3% in the fourth quarter. abrdn plc now owns 415,874 shares of the railroad operator’s stock worth $94,588,000 after acquiring an additional 35,414 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Union Pacific by 2.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 179,925 shares of the railroad operator’s stock valued at $44,348,000 after acquiring an additional 4,939 shares during the period. Border to Coast Pensions Partnership Ltd lifted its position in shares of Union Pacific by 24.2% in the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 277,267 shares of the railroad operator’s stock valued at $63,185,000 after acquiring an additional 53,946 shares in the last quarter. Finally, Pensionfund Sabic boosted its stake in Union Pacific by 61.5% in the 4th quarter. Pensionfund Sabic now owns 10,500 shares of the railroad operator’s stock worth $2,394,000 after purchasing an additional 4,000 shares during the period. 80.38% of the stock is owned by institutional investors and hedge funds.

Union Pacific Stock Performance

Shares of UNP opened at $218.43 on Friday. The company has a market capitalization of $130.91 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 2.15 and a beta of 1.06. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.77 and a quick ratio of 0.62. Union Pacific Co. has a one year low of $204.66 and a one year high of $258.07. The company’s fifty day moving average price is $237.48 and its 200 day moving average price is $237.28.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, January 23rd. The railroad operator reported $2.91 EPS for the quarter, topping analysts’ consensus estimates 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 earned $2.71 EPS. As a group, analysts expect that Union Pacific Co. will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were given a $1.34 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $5.36 annualized dividend and a dividend yield of 2.45%. Union Pacific’s dividend payout ratio is 48.33%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on UNP shares. TD Cowen increased their target price on Union Pacific from $245.00 to $258.00 and gave the company a “buy” rating in a report on Friday, January 24th. Raymond James reduced their price objective on Union Pacific from $285.00 to $260.00 and set a “strong-buy” rating for the company in a research note on Friday. Benchmark lifted their target price on Union Pacific from $266.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, January 24th. BMO Capital Markets increased their price target on shares of Union Pacific from $275.00 to $277.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Finally, Susquehanna lowered their price objective on shares of Union Pacific from $265.00 to $255.00 and set a “neutral” rating on the stock in a research report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Union Pacific currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.48.

Insider Transactions at Union Pacific

In other Union Pacific news, EVP Craig V. Richardson sold 6,495 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $252.00, for a total value of $1,636,740.00. Following the completion of the sale, the executive vice president now directly owns 26,319 shares of the company’s stock, valued at $6,632,388. This represents a 19.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Elizabeth F. Whited sold 7,500 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $250.00, for a total transaction 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 position. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by corporate insiders.

About Union Pacific

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.