D Orazio & Associates Inc. acquired a new position in shares of Union Pacific Co. (NYSE:UNP) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 351 shares of the railroad operator’s stock, valued at approximately $69,000.
Other hedge funds have also bought and sold shares of the company. Canton Hathaway LLC acquired a new stake in shares of Union Pacific during the third quarter worth $29,000. Total Clarity Wealth Management Inc. acquired a new position in Union Pacific in the third quarter valued at $29,000. Tobam acquired a new position in Union Pacific in the second quarter valued at $57,000. AGF Investments LLC boosted its holdings in Union Pacific by 53.2% in the second quarter. AGF Investments LLC now owns 291 shares of the railroad operator’s stock valued at $64,000 after acquiring an additional 101 shares during the last quarter. Finally, AllSquare Wealth Management LLC boosted its holdings in Union Pacific by 76.5% in the second quarter. AllSquare Wealth Management LLC now owns 300 shares of the railroad operator’s stock valued at $66,000 after acquiring an additional 130 shares during the last quarter. Institutional investors and hedge funds own 76.76% of the company’s stock.
UNP stock traded down $0.89 during midday trading on Friday, reaching $246.73. The company had a trading volume of 10,776 shares, compared to its average volume of 2,773,608. The company has a quick ratio of 0.62, a current ratio of 0.75 and a debt-to-equity ratio of 1.98. The stock has a 50 day moving average price of $244.91 and a 200 day moving average price of $227.93. The firm has a market capitalization of $158.62 billion, a PE ratio of 26.51, a P/E/G ratio of 2.19 and a beta of 1.20. Union Pacific Co. has a fifty-two week low of $193.14 and a fifty-two week high of $256.11.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 30th. Stockholders of record on Monday, December 20th were given a dividend of $1.18 per share. The ex-dividend date of this dividend was Friday, December 17th. This is an increase from Union Pacific’s previous quarterly dividend of $1.07. This represents a $4.72 annualized dividend and a dividend yield of 1.91%. Union Pacific’s payout ratio is currently 50.54%.
In other Union Pacific news, EVP Elizabeth F. Whited sold 7,500 shares of the company’s stock in a transaction on Friday, November 26th. The stock was sold at an average price of $240.21, for a total value of $1,801,575.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jennifer L. Hamann sold 500 shares of the company’s stock in a transaction on Monday, October 25th. The shares were sold at an average price of $238.00, for a total value of $119,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,510 shares of company stock worth $2,535,525. 0.20% of the stock is owned by corporate insiders.
A number of research analysts recently weighed in on UNP shares. Barclays lifted their target price on Union Pacific from $260.00 to $280.00 and gave the company an “overweight” rating in a report on Friday. JPMorgan Chase & Co. upgraded Union Pacific from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $234.00 to $247.00 in a report on Friday, October 8th. Raymond James raised their price objective on Union Pacific from $262.00 to $290.00 and gave the company a “strong-buy” rating in a research report on Friday, January 7th. Citigroup raised their price objective on Union Pacific from $245.00 to $287.00 in a research report on Wednesday, January 5th. Finally, Royal Bank of Canada raised their price objective on Union Pacific from $227.00 to $252.00 and gave the company an “outperform” rating in a research report on Friday, October 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $255.83.
About Union Pacific
Union Pacific Corp. engages in the provision of railroad and freight transportation services. Its principal operating company, Union Pacific Railroad Co, operates as a railroad franchise. The Railroad’s diversified business mix includes agricultural products, automotive, chemicals, coal, industrial products, and intermodal.
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