Certuity LLC lifted its stake in shares of Union Pacific Co. (NYSE:UNP – Free Report) by 53.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,747 shares of the railroad operator’s stock after buying an additional 607 shares during the period. Certuity LLC’s holdings in Union Pacific were worth $398,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC increased its holdings in Union Pacific by 19,878.6% in the 3rd quarter. International Assets Investment Management LLC now owns 896,040 shares of the railroad operator’s stock valued at $220,856,000 after buying an additional 891,555 shares during the period. Franklin Resources Inc. boosted its position in shares of Union Pacific by 9.3% during the 3rd quarter. Franklin Resources Inc. now owns 7,322,450 shares of the railroad operator’s stock worth $1,795,993,000 after acquiring an additional 625,492 shares in the last quarter. Impax Asset Management Group plc increased its stake in Union Pacific by 2,025.4% in the third quarter. Impax Asset Management Group plc now owns 546,236 shares of the railroad operator’s stock valued at $134,636,000 after acquiring an additional 520,536 shares during the last quarter. Jennison Associates LLC raised its position in Union Pacific by 170.9% during the third quarter. Jennison Associates LLC now owns 736,246 shares of the railroad operator’s stock valued at $181,470,000 after purchasing an additional 464,477 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Union Pacific by 35.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,226,100 shares of the railroad operator’s stock worth $279,600,000 after purchasing an additional 323,525 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.
Union Pacific Price Performance
UNP stock opened at $248.49 on Thursday. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.76. The firm has a market cap of $150.65 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 2.11 and a beta of 1.06. The company’s fifty day simple moving average is $235.43 and its 200 day simple moving average is $240.31. Union Pacific Co. has a 12-month low of $218.55 and a 12-month high of $258.66.
Union Pacific Announces Dividend
The business also recently disclosed 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. The ex-dividend date is Friday, February 28th. This represents a $5.36 annualized dividend and a dividend yield of 2.16%. Union Pacific’s dividend payout ratio is currently 48.33%.
Insider Activity at Union Pacific
In related news, President Elizabeth F. Whited sold 7,500 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $250.00, for a total value of $1,875,000.00. Following the completion of the sale, the president now directly owns 64,960 shares of the company’s stock, valued at $16,240,000. The trade was a 10.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Craig V. Richardson sold 6,495 shares of the stock in a transaction that occurred on 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 owns 26,319 shares in the company, valued at approximately $6,632,388. The trade was a 19.79 % decrease in their position. The disclosure for this sale can be found here. 0.28% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the company. Royal Bank of Canada decreased their price target on Union Pacific from $288.00 to $283.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Guggenheim raised their price target on shares of Union Pacific from $266.00 to $275.00 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 price target (up from $265.00) on shares of Union Pacific in a report on Friday, January 24th. Citigroup increased their price objective on shares of Union Pacific from $254.00 to $260.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Finally, Susquehanna lowered their price target on shares of Union Pacific from $260.00 to $255.00 and set a “neutral” rating for the company in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Union Pacific currently has a consensus rating of “Moderate Buy” and a consensus price target of $261.40.
Check Out Our Latest Research Report on Union Pacific
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.
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