Boomfish Wealth Group LLC Acquires 663 Shares of Union Pacific Co. (NYSE:UNP)

Boomfish Wealth Group LLC increased its holdings in Union Pacific Co. (NYSE:UNP) by 10.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 6,881 shares of the railroad operator’s stock after purchasing an additional 663 shares during the period. Boomfish Wealth Group LLC’s holdings in Union Pacific were worth $1,569,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Union Pacific in the second quarter valued at about $28,000. Synergy Asset Management LLC bought a new stake in Union Pacific in the fourth quarter valued at approximately $29,000. Catalyst Capital Advisors LLC acquired a new stake in Union Pacific during the 3rd quarter valued at approximately $30,000. Jamison Private Wealth Management Inc. raised its holdings in Union Pacific by 265.7% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 128 shares of the railroad operator’s stock worth $32,000 after purchasing an additional 93 shares during the last quarter. Finally, Peterson Financial Group Inc. bought a new stake in shares of Union Pacific in the 3rd quarter valued at $32,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, President Elizabeth F. Whited sold 7,500 shares of the 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 completion of the transaction, the president now directly owns 64,960 shares of the company’s stock, valued at $16,240,000. This represents a 10.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Craig V. Richardson sold 6,495 shares of Union Pacific 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 in the company, valued at $6,632,388. This trade represents a 19.79 % decrease in their position. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on UNP. TD Cowen lifted their target price on shares of Union Pacific from $245.00 to $258.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Stifel Nicolaus boosted their price objective on Union Pacific from $253.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Raymond James reaffirmed a “strong-buy” rating and set a $285.00 target price (up previously from $265.00) on shares of Union Pacific in a research note on Friday, January 24th. BMO Capital Markets boosted their price target on Union Pacific from $275.00 to $277.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Finally, Citigroup raised their price objective on shares of Union Pacific from $254.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $263.30.

Union Pacific Trading Up 0.1 %

Shares of Union Pacific stock opened at $249.75 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.76. The stock has a fifty day simple moving average of $235.09 and a 200 day simple moving average of $240.01. Union Pacific Co. has a 12-month low of $218.55 and a 12-month high of $258.66. The company has a market capitalization of $151.41 billion, a P/E ratio of 22.52, a price-to-earnings-growth ratio of 2.16 and a beta of 1.06.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, January 23rd. The railroad operator reported $2.91 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 in the prior year, the company earned $2.71 earnings per share. On average, sell-side analysts anticipate that Union Pacific Co. will post 12.03 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were paid a $1.34 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.15%. Union Pacific’s payout ratio is presently 48.33%.

Union Pacific 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.