New Age Alpha Advisors LLC lifted its stake in shares of Union Pacific Co. (NYSE:UNP – Free Report) by 7,152.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,077 shares of the railroad operator’s stock after acquiring an additional 5,007 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Union Pacific were worth $1,158,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Providence Capital Advisors LLC increased its position in shares of Union Pacific by 10,507.9% during the 4th quarter. Providence Capital Advisors LLC now owns 25,459 shares of the railroad operator’s stock valued at $5,806,000 after purchasing an additional 25,219 shares during the period. Easterly Investment Partners LLC acquired a new position in Union Pacific during the fourth quarter worth about $5,197,000. Norges Bank bought a new stake in Union Pacific in the fourth quarter worth about $1,927,377,000. Loomis Sayles & Co. L P lifted its holdings in Union Pacific by 14.0% in the 4th quarter. Loomis Sayles & Co. L P now owns 35,139 shares of the railroad operator’s stock valued at $8,013,000 after acquiring an additional 4,302 shares during the last quarter. Finally, AssuredPartners Investment Advisors LLC bought a new position in shares of Union Pacific during the 4th quarter valued at about $305,000. Institutional investors own 80.38% of the company’s stock.
Insider Transactions at Union Pacific
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 transaction of $1,636,740.00. Following the completion of the sale, the executive vice president now 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, President Elizabeth F. Whited sold 7,500 shares of the firm’s stock in a transaction that occurred on 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by company insiders.
Union Pacific Price Performance
Union Pacific (NYSE:UNP – Get Free Report) last announced its quarterly 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 return on equity of 41.12% and a net margin of 27.82%. During the same quarter last year, the business posted $2.71 earnings per share. Analysts forecast that Union Pacific Co. will post 11.99 EPS for the current fiscal year.
Union Pacific Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were given a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend was Friday, February 28th. Union Pacific’s dividend payout ratio is 48.33%.
Wall Street Analysts Forecast Growth
UNP has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Union Pacific in a research note on Friday, March 7th. They set a “buy” rating and a $295.00 target price for the company. TD Cowen increased their price objective on Union Pacific from $245.00 to $258.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Benchmark lifted their target price on Union Pacific from $266.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Loop Capital downgraded Union Pacific from a “hold” rating to a “sell” rating and reduced their target price for the company from $265.00 to $200.00 in a report on Monday, February 3rd. Finally, Stifel Nicolaus lifted 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 analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $262.76.
Read Our Latest Stock Report on Union Pacific
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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