Blackston Financial Advisory Group LLC lifted its position in shares of Union Pacific Co. (NYSE:UNP – Free Report) by 11.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,449 shares of the railroad operator’s stock after acquiring an additional 147 shares during the quarter. Blackston Financial Advisory Group LLC’s holdings in Union Pacific were worth $330,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in UNP. Vontobel Holding Ltd. raised its holdings in Union Pacific by 74.7% during the 4th quarter. Vontobel Holding Ltd. now owns 2,146,990 shares of the railroad operator’s stock worth $489,600,000 after purchasing an additional 918,248 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Union Pacific by 19,878.6% during the third quarter. International Assets Investment Management LLC now owns 896,040 shares of the railroad operator’s stock worth $220,856,000 after buying an additional 891,555 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Union Pacific by 9.3% during the third quarter. Franklin Resources Inc. now owns 7,322,450 shares of the railroad operator’s stock worth $1,795,993,000 after buying an additional 625,492 shares during the last quarter. Impax Asset Management Group plc lifted its holdings in Union Pacific by 2,025.4% in the third quarter. Impax Asset Management Group plc now owns 546,236 shares of the railroad operator’s stock valued at $134,636,000 after buying an additional 520,536 shares during the period. Finally, Jennison Associates LLC boosted its stake in Union Pacific by 170.9% in the third quarter. Jennison Associates LLC now owns 736,246 shares of the railroad operator’s stock valued at $181,470,000 after acquiring an additional 464,477 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.
Union Pacific Stock Performance
UNP opened at $245.43 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.77 and a quick ratio of 0.62. The company has a market capitalization of $148.31 billion, a price-to-earnings ratio of 22.13, a P/E/G ratio of 2.15 and a beta of 1.06. The business’s 50-day moving average price is $237.68 and its two-hundred day moving average price is $240.69. Union Pacific Co. has a 1 year low of $218.55 and a 1 year high of $258.66.
Union Pacific Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Friday, February 28th. Union Pacific’s payout ratio is 48.33%.
Insider Activity at Union Pacific
In other news, President Elizabeth F. Whited sold 7,500 shares of the company’s stock in a transaction that occurred on 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 sale, the president now owns 64,960 shares in the company, valued at $16,240,000. This represents a 10.35 % decrease in their position. The sale was disclosed in a document filed 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 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 approximately $6,632,388. The trade was a 19.79 % decrease in their position. The disclosure for this sale can be found here. 0.28% of the stock is owned by insiders.
Analyst Ratings Changes
Several analysts have commented on the stock. Barclays upped their target price on shares of Union Pacific from $275.00 to $285.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Citigroup upped their price objective on Union Pacific from $254.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Loop Capital cut Union Pacific from a “hold” rating to a “sell” rating and reduced their target price for the stock from $265.00 to $200.00 in a report on Monday, February 3rd. Stifel Nicolaus boosted their target price on Union Pacific from $253.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Finally, BMO Capital Markets lifted their price objective on shares of Union Pacific from $275.00 to $277.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $261.40.
Read Our Latest Research Report on UNP
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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