Ninepoint Partners LP Buys 742 Shares of Union Pacific Co. (NYSE:UNP)

Ninepoint Partners LP raised its stake in Union Pacific Co. (NYSE:UNP) by 7.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,246 shares of the railroad operator’s stock after purchasing an additional 742 shares during the period. Union Pacific makes up approximately 0.3% of Ninepoint Partners LP’s holdings, making the stock its 29th biggest position. Ninepoint Partners LP’s holdings in Union Pacific were worth $2,336,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Frank Rimerman Advisors LLC boosted its holdings in Union Pacific by 5.7% in the 4th quarter. Frank Rimerman Advisors LLC now owns 13,824 shares of the railroad operator’s stock valued at $3,152,000 after purchasing an additional 751 shares during the period. Harbour Investment Management LLC lifted its holdings in shares of Union Pacific by 38.6% during the 4th quarter. Harbour Investment Management LLC now owns 1,433 shares of the railroad operator’s stock worth $327,000 after acquiring an additional 399 shares during the period. Clearstead Trust LLC lifted its holdings in shares of Union Pacific by 212.7% during the 4th quarter. Clearstead Trust LLC now owns 3,540 shares of the railroad operator’s stock worth $807,000 after acquiring an additional 2,408 shares during the period. Catalyst Funds Management Pty Ltd lifted its holdings in shares of Union Pacific by 200.0% during the 4th quarter. Catalyst Funds Management Pty Ltd now owns 2,400 shares of the railroad operator’s stock worth $547,000 after acquiring an additional 1,600 shares during the period. Finally, Buckley Wealth Management LLC lifted its holdings in shares of Union Pacific by 2.4% during the 4th quarter. Buckley Wealth Management LLC now owns 3,321 shares of the railroad operator’s stock worth $757,000 after acquiring an additional 78 shares during the period. 80.38% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Craig V. Richardson sold 6,495 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 26,319 shares of the company’s stock, valued at approximately $6,632,388. This trade represents a 19.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Elizabeth F. Whited sold 7,500 shares of Union Pacific 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 transaction, the president now directly owns 64,960 shares in the company, valued at $16,240,000. The trade was a 10.35 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of Union Pacific from $267.00 to $265.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Benchmark raised their price objective on shares of Union Pacific from $266.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, January 24th. TD Cowen raised their price objective on shares of Union Pacific from $245.00 to $258.00 and gave the stock a “buy” rating in a report on Friday, January 24th. BMO Capital Markets increased their target price on shares of Union Pacific from $275.00 to $277.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Finally, Raymond James reiterated a “strong-buy” rating and set a $285.00 target price (up previously from $265.00) on shares of Union Pacific in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Union Pacific currently has an average rating of “Moderate Buy” and a consensus target price of $263.00.

Union Pacific Trading Up 1.5 %

UNP opened at $237.71 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. The stock has a market capitalization of $143.65 billion, a PE ratio of 21.43, a PEG ratio of 2.15 and a beta of 1.05. Union Pacific Co. has a 1-year low of $218.55 and a 1-year high of $258.07. The firm has a 50-day moving average price of $242.05 and a two-hundred day moving average price of $240.71.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share (EPS) for the quarter, beating 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 period last year, the firm posted $2.71 EPS. As a group, equities analysts anticipate that Union Pacific Co. will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Friday, February 28th. Union Pacific’s dividend payout ratio (DPR) is presently 48.33%.

About Union Pacific

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.