Quintet Private Bank Europe S.A. trimmed its position in shares of Union Pacific Co. (NYSE:UNP – Free Report) by 5.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,377 shares of the railroad operator’s stock after selling 824 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in Union Pacific were worth $3,279,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in UNP. Compass Financial Services Inc bought a new position in shares of Union Pacific during the fourth quarter valued at $25,000. Synergy Asset Management LLC acquired a new stake in Union Pacific in the fourth quarter valued at $29,000. Catalyst Capital Advisors LLC bought a new position in Union Pacific during the 3rd quarter worth $30,000. Dunhill Financial LLC lifted its holdings in Union Pacific by 111.5% during the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the railroad operator’s stock worth $32,000 after buying an additional 68 shares during the period. Finally, Peterson Financial Group Inc. bought a new stake in shares of Union Pacific in the 3rd quarter valued at about $32,000. 80.38% of the stock is currently owned by institutional investors.
Insider Activity
In other news, EVP Craig V. Richardson sold 6,495 shares of the stock in a transaction on Monday, January 27th. The stock was 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Elizabeth F. Whited sold 7,500 shares of the 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 completion of the transaction, the president now directly owns 64,960 shares in the company, valued at approximately $16,240,000. This represents a 10.35 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.
Union Pacific Price Performance
Union Pacific (NYSE:UNP – Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The railroad operator reported $2.91 EPS for the quarter, beating 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 prior year, the business posted $2.71 EPS. Analysts expect that Union Pacific Co. will post 11.99 EPS for the current fiscal year.
Union Pacific Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 2.17%. The ex-dividend date is Friday, February 28th. Union Pacific’s dividend payout ratio is currently 48.33%.
Wall Street Analyst Weigh In
UNP has been the subject of several analyst reports. TD Cowen raised their price target 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. Citigroup lifted their target price on shares of Union Pacific from $254.00 to $260.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. Robert W. Baird upped their price target 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. Barclays lifted their price objective on Union Pacific from $275.00 to $285.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Finally, Guggenheim raised 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Union Pacific presently has a consensus rating of “Moderate Buy” and an average target price of $261.40.
Check Out Our Latest Report on UNP
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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