Rodgers Brothers Inc. boosted its holdings in Union Pacific Co. (NYSE:UNP – Free Report) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,557 shares of the railroad operator’s stock after purchasing an additional 425 shares during the quarter. Union Pacific makes up about 1.2% of Rodgers Brothers Inc.’s investment portfolio, making the stock its 20th largest holding. Rodgers Brothers Inc.’s holdings in Union Pacific were worth $9,021,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Compass Financial Services Inc acquired a new stake in Union Pacific during the fourth quarter worth about $25,000. Synergy Asset Management LLC acquired a new stake in shares of Union Pacific during the 4th quarter worth approximately $29,000. Dunhill Financial LLC lifted 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 purchasing an additional 68 shares during the last quarter. PrairieView Partners LLC bought a new stake in shares of Union Pacific in the 4th quarter worth approximately $34,000. Finally, Kentucky Trust Co acquired a new position in Union Pacific during the 4th quarter valued at approximately $40,000. 80.38% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Union Pacific news, EVP Craig V. Richardson sold 6,495 shares of Union Pacific 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 transaction, the executive vice president now owns 26,319 shares of the company’s stock, valued at $6,632,388. The trade was a 19.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction 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. This trade 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 Stock Performance
Union Pacific (NYSE:UNP – Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share (EPS) for the quarter, topping 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 in the prior year, the firm posted $2.71 EPS. As a group, sell-side analysts forecast that Union Pacific Co. will post 11.99 earnings per share for the current fiscal year.
Union Pacific Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Friday, February 28th. Union Pacific’s dividend payout ratio is 48.33%.
Wall Street Analyst Weigh In
A number of research firms have issued reports on UNP. Guggenheim raised their target price on Union Pacific from $266.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, January 24th. BMO Capital Markets boosted their target price on shares of Union Pacific from $275.00 to $277.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. 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 price target on the stock. Benchmark boosted their price objective on Union Pacific from $266.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Finally, TD Cowen raised their target price on Union Pacific from $245.00 to $258.00 and gave the company a “buy” rating in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Union Pacific currently has an average rating of “Moderate Buy” and a consensus price target of $262.76.
Check Out Our Latest Stock Analysis on UNP
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.
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