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

Boomfish Wealth Group LLC boosted its stake in shares of Union Pacific Co. (NYSE:UNP) by 10.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,881 shares of the railroad operator’s stock after acquiring an additional 663 shares during the quarter. Boomfish Wealth Group LLC’s holdings in Union Pacific were worth $1,569,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of UNP. Oak Harvest Investment Services lifted its holdings in Union Pacific by 5.5% during the 4th quarter. Oak Harvest Investment Services now owns 53,736 shares of the railroad operator’s stock worth $12,254,000 after buying an additional 2,804 shares in the last quarter. Norris Perne & French LLP MI lifted its stake in shares of Union Pacific by 40.3% during the fourth quarter. Norris Perne & French LLP MI now owns 130,292 shares of the railroad operator’s stock valued at $29,712,000 after acquiring an additional 37,399 shares during the period. Cibc World Market Inc. boosted its holdings in Union Pacific by 3.1% in the fourth quarter. Cibc World Market Inc. now owns 132,036 shares of the railroad operator’s stock valued at $30,109,000 after acquiring an additional 3,942 shares during the last quarter. Mediolanum International Funds Ltd increased its position in Union Pacific by 19.3% in the fourth quarter. Mediolanum International Funds Ltd now owns 28,544 shares of the railroad operator’s stock worth $6,486,000 after purchasing an additional 4,624 shares during the period. Finally, Crews Bank & Trust bought a new stake in Union Pacific during the 4th quarter worth about $1,118,000. 80.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Citigroup raised 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. Raymond James restated a “strong-buy” rating and set a $285.00 target price (up previously from $265.00) on shares of Union Pacific in a report on Friday, January 24th. Wells Fargo & Company cut their price target on shares of Union Pacific from $267.00 to $265.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Susquehanna cut their target price on shares of Union Pacific from $260.00 to $255.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Finally, BMO Capital Markets boosted their price target on shares of Union Pacific from $275.00 to $277.00 and gave the company an “outperform” rating in a 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $263.30.

Insider Activity at Union Pacific

In other Union Pacific news, 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 of the company’s stock, valued at $16,240,000. This trade represents a 10.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Craig V. Richardson sold 6,495 shares of the company’s 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 sale, the executive vice president now directly 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 disclosure for this sale can be found here. 0.28% of the stock is currently owned by corporate insiders.

Union Pacific Stock Performance

Shares of NYSE UNP 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 company has a market capitalization of $151.41 billion, a P/E ratio of 22.52, a P/E/G ratio of 2.16 and a beta of 1.06. Union Pacific Co. has a 12 month low of $218.55 and a 12 month high of $258.66. The stock has a 50 day moving average of $235.09 and a 200-day moving average of $240.01.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share 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 previous year, the company posted $2.71 EPS. As a group, equities research analysts predict that Union Pacific Co. will post 12.03 EPS for the current year.

Union Pacific Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were issued a dividend of $1.34 per share. The ex-dividend date was Monday, December 9th. This represents a $5.36 annualized dividend and a yield of 2.15%. Union Pacific’s payout ratio is currently 48.33%.

Union Pacific Company 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.