Connable Office Inc. Has $2.47 Million Stock Holdings in Union Pacific Co. (NYSE:UNP)

Connable Office Inc. trimmed its holdings in shares of Union Pacific Co. (NYSE:UNP) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,822 shares of the railroad operator’s stock after selling 140 shares during the period. Connable Office Inc.’s holdings in Union Pacific were worth $2,468,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of UNP. Vontobel Holding Ltd. raised its holdings in shares of Union Pacific by 74.7% in the 4th quarter. Vontobel Holding Ltd. now owns 2,146,990 shares of the railroad operator’s stock valued at $489,600,000 after purchasing an additional 918,248 shares during the period. Franklin Resources Inc. raised its holdings in shares of Union Pacific by 9.3% in the 3rd quarter. Franklin Resources Inc. now owns 7,322,450 shares of the railroad operator’s stock valued at $1,795,993,000 after purchasing an additional 625,492 shares during the period. Impax Asset Management Group plc raised its holdings in shares of Union Pacific by 2,025.4% in the 3rd quarter. Impax Asset Management Group plc now owns 546,236 shares of the railroad operator’s stock valued at $134,636,000 after purchasing an additional 520,536 shares during the period. Proficio Capital Partners LLC raised its holdings in shares of Union Pacific by 33,228.4% in the 4th quarter. Proficio Capital Partners LLC now owns 504,258 shares of the railroad operator’s stock valued at $114,991,000 after purchasing an additional 502,745 shares during the period. Finally, Jennison Associates LLC raised its holdings in shares of Union Pacific by 170.9% in the 3rd quarter. Jennison Associates LLC now owns 736,246 shares of the railroad operator’s stock valued at $181,470,000 after purchasing an additional 464,477 shares during the period. 80.38% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Union Pacific news, EVP Craig V. Richardson sold 6,495 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $252.00, for a total value of $1,636,740.00. Following the sale, the executive vice president now owns 26,319 shares in the company, valued at $6,632,388. This trade represents a 19.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, President Elizabeth F. Whited sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were 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 owns 64,960 shares in the company, valued at $16,240,000. This represents a 10.35 % decrease in their position. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by company insiders.

Union Pacific Stock Performance

NYSE UNP opened at $246.94 on Friday. 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 firm has a market capitalization of $149.22 billion, a price-to-earnings ratio of 22.27, a P/E/G ratio of 2.15 and a beta of 1.06. The firm’s 50 day simple moving average is $239.46 and its 200 day simple moving average is $240.93. Union Pacific Co. has a 1 year low of $218.55 and a 1 year high of $258.07.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results 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 net margin of 27.82% and a return on equity of 41.12%. During the same quarter last year, the business posted $2.71 EPS. As a group, research analysts expect that Union Pacific Co. will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given 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 2.17%. Union Pacific’s dividend payout ratio is 48.33%.

Analyst Ratings Changes

UNP has been the topic of a number of research analyst reports. Loop Capital cut shares of Union Pacific from a “hold” rating to a “sell” rating and dropped their target price for the company from $265.00 to $200.00 in a report on Monday, February 3rd. Guggenheim increased their price target on shares of Union Pacific from $266.00 to $275.00 and gave the company a “buy” rating in a report on Friday, January 24th. Benchmark increased their price target on shares of Union Pacific from $266.00 to $275.00 and gave the company a “buy” rating in a report on Friday, January 24th. Citigroup increased their price target on shares of Union Pacific from $254.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Finally, Raymond James reissued a “strong-buy” rating and issued a $285.00 price target (up from $265.00) on shares of Union Pacific in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $261.40.

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.