DAVENPORT & Co LLC Acquires 1,281 Shares of Union Pacific Co. (NYSE:UNP)

DAVENPORT & Co LLC lifted its position in Union Pacific Co. (NYSE:UNPFree Report) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 312,296 shares of the railroad operator’s stock after acquiring an additional 1,281 shares during the quarter. DAVENPORT & Co LLC owned approximately 0.05% of Union Pacific worth $76,674,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sunburst Financial Group LLC boosted its holdings in shares of Union Pacific by 1.8% in the 4th quarter. Sunburst Financial Group LLC now owns 2,393 shares of the railroad operator’s stock worth $588,000 after buying an additional 42 shares during the last quarter. Sunflower Bank N.A. boosted its holdings in shares of Union Pacific by 0.8% in the 4th quarter. Sunflower Bank N.A. now owns 5,573 shares of the railroad operator’s stock worth $1,369,000 after buying an additional 43 shares during the last quarter. Obsidian Personal Planning Solutions LLC lifted its holdings in Union Pacific by 1.9% during the third quarter. Obsidian Personal Planning Solutions LLC now owns 2,416 shares of the railroad operator’s stock valued at $492,000 after purchasing an additional 45 shares during the last quarter. Vivaldi Capital Management LP lifted its holdings in Union Pacific by 3.1% during the second quarter. Vivaldi Capital Management LP now owns 1,585 shares of the railroad operator’s stock valued at $324,000 after purchasing an additional 47 shares during the last quarter. Finally, Smith Chas P & Associates PA Cpas lifted its holdings in Union Pacific by 3.7% during the third quarter. Smith Chas P & Associates PA Cpas now owns 1,384 shares of the railroad operator’s stock valued at $282,000 after purchasing an additional 49 shares during the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Price Performance

Shares of UNP stock traded down $0.69 during trading on Tuesday, hitting $242.61. The company had a trading volume of 2,019,446 shares, compared to its average volume of 2,361,007. Union Pacific Co. has a 52 week low of $190.37 and a 52 week high of $258.66. The company has a quick ratio of 0.67, a current ratio of 0.81 and a debt-to-equity ratio of 2.11. The stock’s 50-day moving average is $247.95 and its two-hundred day moving average is $231.29. The stock has a market capitalization of $148.02 billion, a price-to-earnings ratio of 23.26, a price-to-earnings-growth ratio of 2.67 and a beta of 1.07.

Union Pacific (NYSE:UNPGet Free Report) last issued its quarterly earnings results on Thursday, January 25th. The railroad operator reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.56 by $0.15. Union Pacific had a net margin of 26.45% and a return on equity of 46.87%. The business had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $6.05 billion. During the same period last year, the business earned $2.67 earnings per share. The business’s quarterly revenue was down .3% on a year-over-year basis. As a group, analysts predict that Union Pacific Co. will post 10.94 EPS for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 29th were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend was Wednesday, February 28th. Union Pacific’s payout ratio is currently 49.71%.

Insider Buying and Selling at Union Pacific

In other news, President Elizabeth F. Whited sold 3,750 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $250.00, for a total value of $937,500.00. Following the transaction, the president now owns 56,682 shares in the company, valued at $14,170,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Benchmark reaffirmed a “buy” rating and set a $260.00 price objective on shares of Union Pacific in a report on Friday, January 26th. StockNews.com downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Monday, March 18th. UBS Group upped their price objective on shares of Union Pacific from $235.00 to $248.00 and gave the company a “neutral” rating in a report on Friday, January 26th. Raymond James upped their price objective on shares of Union Pacific from $240.00 to $275.00 and gave the company a “strong-buy” rating in a report on Tuesday, January 16th. Finally, Sanford C. Bernstein raised shares of Union Pacific from a “market perform” rating to an “outperform” rating and set a $280.00 price target on the stock in a report on Monday, January 22nd. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $251.33.

Get Our Latest Stock Report on UNP

Union Pacific Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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