Tower View Wealth Management LLC lowered its stake in Union Pacific Co. (NYSE:UNP – Free Report) by 11.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,180 shares of the railroad operator’s stock after selling 2,321 shares during the period. Union Pacific makes up about 2.1% of Tower View Wealth Management LLC’s investment portfolio, making the stock its 20th largest holding. Tower View Wealth Management LLC’s holdings in Union Pacific were worth $3,918,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. World Investment Advisors LLC increased its holdings in shares of Union Pacific by 103.1% in the third quarter. World Investment Advisors LLC now owns 35,581 shares of the railroad operator’s stock valued at $8,770,000 after buying an additional 18,060 shares in the last quarter. abrdn plc increased its holdings in shares of Union Pacific by 9.3% in the fourth quarter. abrdn plc now owns 415,874 shares of the railroad operator’s stock valued at $94,588,000 after buying an additional 35,414 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Union Pacific by 2.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 179,925 shares of the railroad operator’s stock valued at $44,348,000 after buying an additional 4,939 shares in the last quarter. Border to Coast Pensions Partnership Ltd increased its holdings in shares of Union Pacific by 24.2% in the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 277,267 shares of the railroad operator’s stock valued at $63,185,000 after buying an additional 53,946 shares in the last quarter. Finally, Pensionfund Sabic increased its holdings in shares of Union Pacific by 61.5% in the fourth quarter. Pensionfund Sabic now owns 10,500 shares of the railroad operator’s stock valued at $2,394,000 after buying an additional 4,000 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.
Analysts Set New Price Targets
UNP has been the topic of several recent analyst reports. TD Cowen boosted their target price on shares of Union Pacific from $245.00 to $258.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Loop Capital downgraded shares of Union Pacific from a “hold” rating to a “sell” rating and cut their target price for the company from $265.00 to $200.00 in a research note on Monday, February 3rd. Wells Fargo & Company cut their target price on shares of Union Pacific from $267.00 to $265.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Benchmark boosted their target price on shares of Union Pacific from $266.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, Barclays boosted their target price on shares of Union Pacific from $275.00 to $285.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. One research 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $261.40.
Union Pacific Trading Up 0.8 %
Shares of NYSE:UNP opened at $246.94 on Friday. The stock has a market capitalization of $149.22 billion, a PE ratio of 22.27, a P/E/G ratio of 2.15 and a beta of 1.06. Union Pacific Co. has a 1 year low of $218.55 and a 1 year high of $258.07. The firm has a fifty day moving average price of $239.46 and a 200 day moving average price of $240.96. 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 – Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the firm earned $2.71 earnings per share. Analysts expect that Union Pacific Co. will post 11.99 EPS 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. Shareholders of record on Friday, February 28th will be issued a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Friday, February 28th. Union Pacific’s dividend payout ratio (DPR) is 48.33%.
Insider Buying and Selling at Union Pacific
In other Union Pacific news, President Elizabeth F. Whited sold 7,500 shares of the company’s stock in a transaction dated 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 directly owns 64,960 shares in the company, valued at $16,240,000. This represents a 10.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Craig V. Richardson sold 6,495 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were 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 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 disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.
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.
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