Skba Capital Management LLC lessened its holdings in Union Pacific Co. (NYSE:UNP – Free Report) by 3.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,420 shares of the railroad operator’s stock after selling 1,000 shares during the period. Skba Capital Management LLC’s holdings in Union Pacific were worth $6,937,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the business. Compass Financial Services Inc purchased a new position in Union Pacific in the fourth quarter worth $25,000. Synergy Asset Management LLC bought a new stake in shares of Union Pacific during the 4th quarter worth $29,000. Dunhill Financial LLC boosted its holdings in shares of Union Pacific by 111.5% in the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the railroad operator’s stock worth $32,000 after buying an additional 68 shares during the last quarter. PrairieView Partners LLC bought a new position in Union Pacific during the fourth quarter valued at about $34,000. Finally, Kentucky Trust Co purchased a new stake in Union Pacific during the fourth quarter worth about $40,000. 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 company’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $252.00, for a total value of $1,636,740.00. Following the completion of the transaction, the executive vice president now directly owns 26,319 shares in the company, valued at approximately $6,632,388. This represents a 19.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Elizabeth F. Whited sold 7,500 shares of the firm’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $250.00, for a total value of $1,875,000.00. Following the transaction, the president now directly owns 64,960 shares in the company, valued at approximately $16,240,000. This represents a 10.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.
Union Pacific Trading Down 1.7 %
Union Pacific (NYSE:UNP – Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.15. Union Pacific had a return on equity of 41.12% and a net margin of 27.82%. During the same quarter in the prior year, the firm posted $2.71 earnings per share. On average, equities research analysts anticipate that Union Pacific Co. will post 11.99 EPS for the current fiscal year.
Union Pacific Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Friday, February 28th. Union Pacific’s payout ratio is 48.33%.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on UNP shares. Deutsche Bank Aktiengesellschaft began coverage on shares of Union Pacific in a research note on Friday, March 7th. They issued a “buy” rating and a $295.00 target price on the stock. Raymond James reiterated a “strong-buy” rating and issued a $285.00 price objective (up previously from $265.00) on shares of Union Pacific in a research note on Friday, January 24th. BMO Capital Markets raised their target price on Union Pacific from $275.00 to $277.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Benchmark upped their price target on Union Pacific from $266.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Finally, Stifel Nicolaus increased their price target on Union Pacific from $253.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $262.76.
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.
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