Summit Asset Management LLC Sells 265 Shares of Union Pacific Co. (NYSE:UNP)

Summit Asset Management LLC decreased its holdings in Union Pacific Co. (NYSE:UNP) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,433 shares of the railroad operator’s stock after selling 265 shares during the period. Summit Asset Management LLC’s holdings in Union Pacific were worth $1,695,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of UNP. Compass Financial Services Inc bought a new stake in shares of Union Pacific in the fourth quarter worth $25,000. Synergy Asset Management LLC bought a new stake in shares of Union Pacific in the fourth quarter worth $29,000. Catalyst Capital Advisors LLC bought a new stake in shares of Union Pacific in the third quarter worth $30,000. Dunhill Financial LLC grew its holdings in shares of Union Pacific by 111.5% in the third quarter. Dunhill Financial LLC now owns 129 shares of the railroad operator’s stock worth $32,000 after acquiring an additional 68 shares during the period. Finally, Peterson Financial Group Inc. bought a new stake in Union Pacific during the third quarter valued at about $32,000. Institutional investors own 80.38% of the company’s stock.

Insider Activity

In related news, President Elizabeth F. Whited sold 7,500 shares of the stock in a transaction that occurred on 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 transaction, the president now owns 64,960 shares of the company’s stock, valued at $16,240,000. This represents a 10.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 directly owns 26,319 shares in the company, 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. Insiders own 0.28% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on UNP. Barclays boosted their price target on Union Pacific from $275.00 to $285.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Loop Capital lowered Union Pacific from a “hold” rating to a “sell” rating and cut their price target for the company from $265.00 to $200.00 in a report on Monday, February 3rd. Raymond James reissued a “strong-buy” rating and set a $285.00 price target (up previously from $265.00) on shares of Union Pacific in a report on Friday, January 24th. Guggenheim boosted their price target on Union Pacific from $266.00 to $275.00 and gave the company a “buy” rating in a report on Friday, January 24th. Finally, BMO Capital Markets boosted their price objective on Union Pacific from $275.00 to $277.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Union Pacific presently has an average rating of “Moderate Buy” and a consensus price target of $261.40.

Union Pacific Price Performance

NYSE:UNP opened at $245.43 on Friday. The company has a market capitalization of $148.31 billion, a P/E ratio of 22.13, a P/E/G ratio of 2.15 and a beta of 1.06. The business’s 50-day moving average is $237.68 and its 200 day moving average is $240.70. Union Pacific Co. has a 12 month low of $218.55 and a 12 month high of $258.66. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, January 23rd. The railroad operator reported $2.91 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 previous year, the business earned $2.71 EPS. On average, equities research analysts forecast that Union Pacific Co. will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a dividend of $1.34 per share. The ex-dividend date is Friday, February 28th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.18%. Union Pacific’s dividend payout ratio is 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.