Hendley & Co. Inc. Has $8.78 Million Position in Union Pacific Co. (NYSE:UNP)

Hendley & Co. Inc. raised its holdings in shares of Union Pacific Co. (NYSE:UNP) by 87.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,511 shares of the railroad operator’s stock after acquiring an additional 17,960 shares during the period. Union Pacific makes up 3.1% of Hendley & Co. Inc.’s holdings, making the stock its 9th largest position. Hendley & Co. Inc.’s holdings in Union Pacific were worth $8,782,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC boosted its holdings 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 valued at $705,000 after acquiring an additional 403 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Union Pacific by 15.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,514 shares of the railroad operator’s stock worth $10,383,000 after purchasing an additional 5,646 shares during the period. Arkadios Wealth Advisors boosted its stake in Union Pacific by 51.7% during the 3rd quarter. Arkadios Wealth Advisors now owns 3,636 shares of the railroad operator’s stock valued at $896,000 after purchasing an additional 1,239 shares in the last quarter. GHP Investment Advisors Inc. increased its position in shares of Union Pacific by 4.3% during the 3rd quarter. GHP Investment Advisors Inc. now owns 1,258 shares of the railroad operator’s stock valued at $310,000 after purchasing an additional 52 shares during the period. Finally, J.W. Cole Advisors Inc. increased its position in shares of Union Pacific by 8.8% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 13,694 shares of the railroad operator’s stock valued at $3,375,000 after purchasing an additional 1,103 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analyst Ratings Changes

UNP has been the subject of several research reports. Loop Capital cut Union Pacific from a “hold” rating to a “sell” rating and decreased their target price for the company from $265.00 to $200.00 in a research note on Monday, February 3rd. Robert W. Baird raised their price objective on shares of Union Pacific from $260.00 to $265.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. TD Cowen boosted their target price on shares of Union Pacific from $245.00 to $258.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Guggenheim raised their target price on shares of Union Pacific from $266.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, Barclays lifted their price target on shares of Union Pacific from $275.00 to $285.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $261.40.

Union Pacific Trading Down 1.3 %

Shares of NYSE UNP opened at $242.39 on Tuesday. The firm has a market capitalization of $146.47 billion, a PE ratio of 21.86, a PEG ratio of 2.15 and a beta of 1.06. Union Pacific Co. has a one year low of $218.55 and a one year 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. The business has a 50-day moving average price of $237.87 and a two-hundred day moving average price of $240.74.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, January 23rd. The railroad operator reported $2.91 EPS for the quarter, topping 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 quarter in the previous year, the company earned $2.71 earnings per share. As a group, analysts predict that Union Pacific Co. will post 11.99 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The business also recently declared 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. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Friday, February 28th. Union Pacific’s dividend payout ratio (DPR) is presently 48.33%.

Insider Buying and Selling

In other Union Pacific news, EVP Craig V. Richardson sold 6,495 shares of the company’s 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 $6,632,388. This represents a 19.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Elizabeth F. Whited sold 7,500 shares of Union Pacific 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 sale, the president now owns 64,960 shares of the company’s stock, valued at approximately $16,240,000. This represents a 10.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.28% of the stock is owned by corporate insiders.

About Union Pacific

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.