Union Pacific Co. (NYSE:UNP) Shares Sold by Cottage Street Advisors LLC

Cottage Street Advisors LLC trimmed its position in shares of Union Pacific Co. (NYSE:UNP) by 1.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 10,489 shares of the railroad operator’s stock after selling 123 shares during the period. Union Pacific accounts for 1.2% of Cottage Street Advisors LLC’s holdings, making the stock its 25th largest position. Cottage Street Advisors LLC’s holdings in Union Pacific were worth $2,392,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. World Investment Advisors LLC increased its position in Union Pacific by 103.1% in the 3rd quarter. World Investment Advisors LLC now owns 35,581 shares of the railroad operator’s stock valued at $8,770,000 after acquiring an additional 18,060 shares during the period. 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 purchasing an additional 35,414 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Union Pacific by 2.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 179,925 shares of the railroad operator’s stock worth $44,348,000 after purchasing an additional 4,939 shares during the last quarter. Border to Coast Pensions Partnership Ltd lifted its holdings in shares of Union Pacific by 24.2% during the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 277,267 shares of the railroad operator’s stock worth $63,185,000 after purchasing an additional 53,946 shares during the period. Finally, Pensionfund Sabic increased its stake in Union Pacific by 61.5% in the 4th 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 during the period. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analyst Upgrades and Downgrades

UNP has been the topic of several analyst reports. BMO Capital Markets lifted their target price on shares of Union Pacific from $275.00 to $277.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Stifel Nicolaus upped their price target on Union Pacific from $253.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft initiated coverage on Union Pacific in a report on Friday, March 7th. They set a “buy” rating and a $295.00 price objective for the company. Guggenheim upped their target price on Union Pacific from $266.00 to $275.00 and gave the company a “buy” rating in a report on Friday, January 24th. Finally, Robert W. Baird lifted their price target on Union Pacific from $260.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $263.00.

Union Pacific Trading Up 0.3 %

UNP stock opened at $235.90 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 1.76. The company has a market cap of $142.55 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 2.15 and a beta of 1.05. The business has a fifty day simple moving average of $242.98 and a 200-day simple moving average of $239.73. Union Pacific Co. has a 52 week low of $218.55 and a 52 week high of $258.07.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, January 23rd. The railroad operator reported $2.91 EPS 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 prior year, the business posted $2.71 EPS. On average, equities research analysts expect that Union Pacific Co. will post 11.99 EPS for the current year.

Union Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 2.27%. Union Pacific’s payout ratio is 48.33%.

Insider Buying and Selling

In related news, President Elizabeth F. Whited sold 7,500 shares of the business’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 owns 64,960 shares of the company’s stock, valued at $16,240,000. This represents a 10.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Craig V. Richardson sold 6,495 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now owns 26,319 shares in the company, valued at $6,632,388. The trade was a 19.79 % 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.

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.