Union Pacific Co. (NYSE:UNP) Shares Bought by Convergence Financial LLC

Convergence Financial LLC lifted its holdings in shares of Union Pacific Co. (NYSE:UNP) by 3.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,695 shares of the railroad operator’s stock after purchasing an additional 250 shares during the quarter. Convergence Financial LLC’s holdings in Union Pacific were worth $1,755,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Howard Capital Management Group LLC raised its stake in Union Pacific by 16.4% during the third quarter. Howard Capital Management Group LLC now owns 2,860 shares of the railroad operator’s stock worth $705,000 after purchasing an additional 403 shares during the period. Hunter Associates Investment Management LLC raised its position in shares of Union Pacific by 3.4% in the 3rd quarter. Hunter Associates Investment Management LLC now owns 3,040 shares of the railroad operator’s stock worth $751,000 after buying an additional 100 shares during the period. Pallas Capital Advisors LLC boosted its holdings in Union Pacific by 25.2% in the third quarter. Pallas Capital Advisors LLC now owns 2,050 shares of the railroad operator’s stock valued at $473,000 after acquiring an additional 413 shares during the last quarter. abrdn plc grew its position in Union Pacific by 21.8% during the third quarter. abrdn plc now owns 380,460 shares of the railroad operator’s stock valued at $93,182,000 after acquiring an additional 68,035 shares during the period. Finally, Gateway Wealth Partners LLC acquired a new stake in Union Pacific during the third quarter worth about $216,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Trading Down 0.2 %

Shares of NYSE UNP opened at $245.39 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. Union Pacific Co. has a one year low of $218.55 and a one year high of $258.07. The business has a 50-day moving average price of $238.61 and a two-hundred day moving average price of $240.83. The firm has a market capitalization of $148.29 billion, a PE ratio of 22.13, a PEG ratio of 2.15 and a beta of 1.06.

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

Union Pacific Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend yield of 2.18%. The ex-dividend date is Friday, February 28th. Union Pacific’s dividend payout ratio is currently 48.33%.

Insider Transactions at Union Pacific

In related news, President Elizabeth F. Whited sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were 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 of the company’s stock, valued at approximately $16,240,000. This trade represents a 10.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Craig V. Richardson sold 6,495 shares of the business’s stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Guggenheim lifted their price objective on Union Pacific from $266.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Barclays lifted their price target 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. Loop Capital lowered shares of Union Pacific from a “hold” rating to a “sell” rating and dropped their price objective for the stock from $265.00 to $200.00 in a research report on Monday, February 3rd. Robert W. Baird lifted their target price on shares of Union Pacific from $260.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Finally, Wells Fargo & Company decreased their price target on shares of Union Pacific from $267.00 to $265.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $261.40.

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.