Buckingham Capital Management Inc. lessened its holdings in shares of Union Pacific Co. (NYSE:UNP – Free Report) by 20.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,875 shares of the railroad operator’s stock after selling 1,508 shares during the period. Buckingham Capital Management Inc.’s holdings in Union Pacific were worth $1,340,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Exchange Traded Concepts LLC increased its position in shares of Union Pacific by 1,306.3% during the third quarter. Exchange Traded Concepts LLC now owns 450 shares of the railroad operator’s stock worth $111,000 after acquiring an additional 418 shares in the last quarter. Howard Capital Management Group LLC raised its stake in shares of Union Pacific by 16.4% in the third quarter. Howard Capital Management Group LLC now owns 2,860 shares of the railroad operator’s stock worth $705,000 after purchasing an additional 403 shares during the last quarter. Resonant Capital Advisors LLC lifted its holdings in shares of Union Pacific by 17.3% in the third quarter. Resonant Capital Advisors LLC now owns 1,990 shares of the railroad operator’s stock valued at $490,000 after purchasing an additional 294 shares in the last quarter. OLD National Bancorp IN boosted its position in shares of Union Pacific by 1.2% during the third quarter. OLD National Bancorp IN now owns 28,194 shares of the railroad operator’s stock valued at $6,949,000 after buying an additional 337 shares during the last quarter. Finally, Vest Financial LLC grew its holdings in Union Pacific by 108.4% during the third quarter. Vest Financial LLC now owns 3,232 shares of the railroad operator’s stock worth $797,000 after buying an additional 1,681 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.
Insider Buying and Selling
In other news, EVP Craig V. Richardson sold 6,495 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 26,319 shares of the company’s stock, valued at approximately $6,632,388. This represents a 19.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Elizabeth F. Whited sold 7,500 shares of Union Pacific 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 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 position. The disclosure for this sale can be found here. 0.28% of the stock is owned by company insiders.
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 for the quarter, topping 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 period in the previous year, the business posted $2.71 earnings per share. Research analysts expect that Union Pacific Co. will post 12.01 EPS for the current fiscal year.
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 issued a dividend of $1.34 per share. The ex-dividend date is Friday, February 28th. This represents a $5.36 annualized dividend and a dividend yield of 2.15%. Union Pacific’s dividend payout ratio (DPR) is currently 48.33%.
Analyst Ratings Changes
UNP has been the topic of a number of research analyst reports. Benchmark boosted their target price on Union Pacific from $266.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Citigroup upped their price objective on Union Pacific from $254.00 to $260.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Wells Fargo & Company lowered their target price on Union Pacific from $267.00 to $265.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Barclays increased their price target on shares of Union Pacific from $275.00 to $285.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada lowered their price objective on shares of Union Pacific from $288.00 to $283.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $261.40.
Check Out Our Latest Analysis 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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