Clark Capital Management Group Inc. Grows Stake in Union Pacific Co. (NYSE:UNP)

Clark Capital Management Group Inc. lifted its stake in Union Pacific Co. (NYSE:UNP) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,506 shares of the railroad operator’s stock after purchasing an additional 57 shares during the quarter. Clark Capital Management Group Inc.’s holdings in Union Pacific were worth $343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. abrdn plc increased its position in shares of Union Pacific by 9.3% during the fourth quarter. abrdn plc now owns 415,874 shares of the railroad operator’s stock valued at $94,588,000 after acquiring 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 4th 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 in the last quarter. Border to Coast Pensions Partnership Ltd raised its stake 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 worth $63,185,000 after purchasing an additional 53,946 shares during the last quarter. Pinnbrook Capital Management LP bought a new position in shares of Union Pacific during the fourth quarter valued at $3,954,000. Finally, Traveka Wealth LLC boosted its position in shares of Union Pacific by 236.6% during the fourth quarter. Traveka Wealth LLC now owns 4,567 shares of the railroad operator’s stock valued at $1,041,000 after buying an additional 3,210 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Down 0.3 %

NYSE UNP opened at $216.20 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. Union Pacific Co. has a 12 month low of $204.66 and a 12 month high of $258.07. The stock’s 50 day moving average is $225.66 and its 200 day moving average is $233.73. The stock has a market cap of $129.17 billion, a PE ratio of 19.50, a P/E/G ratio of 2.15 and a beta of 1.07.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, April 24th. The railroad operator reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.73 by ($0.03). The company had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.11 billion. Union Pacific had a return on equity of 41.12% and a net margin of 27.82%. Union Pacific’s revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.69 EPS. Research analysts predict that Union Pacific Co. will post 11.99 EPS for the current fiscal year.

Union Pacific Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be given a $1.34 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.48%. Union Pacific’s dividend payout ratio is currently 48.29%.

Analysts Set New Price Targets

UNP has been the topic of several research analyst reports. Stephens lowered their target price on shares of Union Pacific from $275.00 to $255.00 and set an “overweight” rating on the stock in a research note on Monday, April 28th. Robert W. Baird increased 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. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Union Pacific in a report on Friday, March 7th. They issued a “buy” rating and a $295.00 target price on the stock. Loop Capital lowered shares of 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. Finally, Jefferies Financial Group dropped their price target on Union Pacific from $255.00 to $230.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $257.86.

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.