Encompass Wealth Advisors LLC purchased a new stake in shares of Union Pacific Co. (NYSE:UNP) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 309 shares of the railroad operator’s stock, valued at approximately $64,000.
Several other hedge funds have also made changes to their positions in the stock. V Wealth Advisors LLC increased its holdings in Union Pacific by 459.4% during the 4th quarter. V Wealth Advisors LLC now owns 9,700 shares of the railroad operator’s stock worth $2,020,000 after acquiring an additional 7,966 shares during the period. Hartford Investment Management Co. increased its holdings in Union Pacific by 11.7% during the 4th quarter. Hartford Investment Management Co. now owns 79,911 shares of the railroad operator’s stock worth $16,639,000 after acquiring an additional 8,389 shares during the period. Beaumont Financial Partners LLC increased its holdings in Union Pacific by 22.6% during the 4th quarter. Beaumont Financial Partners LLC now owns 7,792 shares of the railroad operator’s stock worth $1,622,000 after acquiring an additional 1,435 shares during the period. First Trust Advisors LP increased its holdings in shares of Union Pacific by 0.8% in the 4th quarter. First Trust Advisors LP now owns 1,107,338 shares of the railroad operator’s stock worth $230,570,000 after buying an additional 8,384 shares during the last quarter. Finally, Journey Advisory Group LLC bought a new position in shares of Union Pacific in the 4th quarter worth $1,092,000. Institutional investors own 77.83% of the company’s stock.
In related news, EVP Elizabeth F. Whited sold 1,491 shares of the stock in a transaction dated Monday, March 8th. The shares were sold at an average price of $215.00, for a total value of $320,565.00. Following the completion of the transaction, the executive vice president now directly owns 34,124 shares in the company, valued at approximately $7,336,660. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Todd M. Rynaski sold 7,698 shares of the stock in a transaction dated Monday, March 8th. The stock was sold at an average price of $212.00, for a total transaction of $1,631,976.00. Following the completion of the transaction, the vice president now owns 17,197 shares of the company’s stock, valued at $3,645,764. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.
A number of equities analysts have recently commented on the stock. Sanford C. Bernstein raised shares of Union Pacific from a “market perform” rating to an “outperform” rating in a report on Monday, January 11th. Barclays reaffirmed a “neutral” rating on shares of Union Pacific in a research note on Monday, January 11th. Morgan Stanley upped their price objective on shares of Union Pacific from $170.00 to $180.00 and gave the company an “equal weight” rating in a research note on Tuesday. BMO Capital Markets upped their price objective on shares of Union Pacific from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, January 11th. Finally, Raymond James cut their price objective on shares of Union Pacific from $250.00 to $245.00 and set a “strong-buy” rating for the company in a research note on Friday, January 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $204.96.
NYSE:UNP opened at $221.34 on Thursday. The company has a 50-day moving average price of $212.90 and a 200-day moving average price of $205.09. Union Pacific Co. has a 12 month low of $141.22 and a 12 month high of $224.62. The company has a current ratio of 1.06, a quick ratio of 0.93 and a debt-to-equity ratio of 1.52. The stock has a market cap of $148.26 billion, a price-to-earnings ratio of 28.20, a P/E/G ratio of 2.33 and a beta of 1.11.
Union Pacific (NYSE:UNP) last posted its earnings results on Wednesday, January 20th. The railroad operator reported $2.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.25 by $0.11. Union Pacific had a net margin of 27.40% and a return on equity of 31.71%. The firm had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same period last year, the company posted $2.02 EPS. Equities analysts forecast that Union Pacific Co. will post 8.02 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Friday, February 26th were given a $0.97 dividend. The ex-dividend date of this dividend was Thursday, February 25th. This represents a $3.88 annualized dividend and a dividend yield of 1.75%. 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. 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, and other agricultural users; coal and sand, petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.
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