New York Life Investment Management LLC Has $18.55 Million Stock Position in Union Pacific Co. (NYSE:UNP)

New York Life Investment Management LLC raised its holdings in Union Pacific Co. (NYSE:UNP) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 81,334 shares of the railroad operator’s stock after purchasing an additional 249 shares during the quarter. New York Life Investment Management LLC’s holdings in Union Pacific were worth $18,547,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of UNP. Howard Capital Management Group LLC raised its stake in Union Pacific by 16.4% during the third quarter. Howard Capital Management Group LLC now owns 2,860 shares of the railroad operator’s stock worth $705,000 after acquiring an additional 403 shares in the last quarter. Hunter Associates Investment Management LLC boosted its stake in shares of Union Pacific by 3.4% in the 3rd quarter. Hunter Associates Investment Management LLC now owns 3,040 shares of the railroad operator’s stock valued at $751,000 after purchasing an additional 100 shares in the last quarter. Pallas Capital Advisors LLC grew its holdings in shares of Union Pacific by 25.2% during the 3rd quarter. Pallas Capital Advisors LLC now owns 2,050 shares of the railroad operator’s stock valued at $473,000 after purchasing an additional 413 shares during the last quarter. abrdn plc increased its position in Union Pacific by 21.8% during the 3rd quarter. abrdn plc now owns 380,460 shares of the railroad operator’s stock worth $93,182,000 after purchasing an additional 68,035 shares in the last quarter. Finally, Gateway Wealth Partners LLC bought a new position in Union Pacific in the 3rd quarter valued at approximately $216,000. Institutional investors own 80.38% of the company’s stock.

Insider Activity

In related news, President Elizabeth F. Whited sold 7,500 shares of the stock in a transaction 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 transaction, the president now directly owns 64,960 shares of the company’s stock, valued at $16,240,000. This represents a 10.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Craig V. Richardson sold 6,495 shares of Union Pacific stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 26,319 shares of the company’s stock, valued at approximately $6,632,388. This trade represents 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 currently owned by company insiders.

Union Pacific Price Performance

UNP stock opened at $245.39 on Thursday. 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’s fifty day simple moving average is $238.61 and its 200 day simple moving average is $240.83. Union Pacific Co. has a 12-month low of $218.55 and a 12-month high of $258.07. The firm has a market cap of $148.29 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 2.15 and a beta of 1.06.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share (EPS) for the quarter, beating 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, analysts expect that Union Pacific Co. will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Friday, February 28th. Union Pacific’s dividend payout ratio (DPR) is 48.33%.

Analyst Ratings Changes

A number of analysts have weighed in on UNP shares. BMO Capital Markets boosted their target price on shares of Union Pacific from $275.00 to $277.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Stifel Nicolaus boosted their price objective on Union Pacific from $253.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Benchmark upped their target price on Union Pacific from $266.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Wells Fargo & Company cut their price target on Union Pacific from $267.00 to $265.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Finally, Guggenheim upped their price objective on Union Pacific from $266.00 to $275.00 and gave the company 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 issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Union Pacific presently has a consensus rating of “Moderate Buy” and a consensus target price of $261.40.

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.