Sawgrass Asset Management LLC Has $9.88 Million Holdings in Union Pacific Co. (NYSE:UNP)

Sawgrass Asset Management LLC reduced its holdings in Union Pacific Co. (NYSE:UNP) by 6.3% during the 4th quarter, Holdings Channel reports. The fund owned 43,313 shares of the railroad operator’s stock after selling 2,918 shares during the quarter. Sawgrass Asset Management LLC’s holdings in Union Pacific were worth $9,877,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of UNP. Compass Financial Services Inc acquired a new position in shares of Union Pacific in the 4th quarter worth approximately $25,000. Synergy Asset Management LLC acquired a new position in Union Pacific during the 4th quarter worth $29,000. Catalyst Capital Advisors LLC acquired a new position in Union Pacific during the 3rd quarter worth $30,000. Jamison Private Wealth Management Inc. lifted its holdings in Union Pacific by 265.7% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 128 shares of the railroad operator’s stock worth $32,000 after buying an additional 93 shares in the last quarter. Finally, Peterson Financial Group Inc. acquired a new position in Union Pacific during the 3rd quarter worth $32,000. 80.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UNP has been the topic of several research reports. Loop Capital downgraded Union Pacific from a “hold” rating to a “sell” rating and reduced their price objective for the stock from $265.00 to $200.00 in a report on Monday, February 3rd. JPMorgan Chase & Co. dropped their target price on shares of Union Pacific from $263.00 to $252.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Susquehanna dropped their target price on shares of Union Pacific from $260.00 to $255.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. TD Cowen upped their target price on shares of Union Pacific from $245.00 to $258.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Finally, Royal Bank of Canada dropped their target price on shares of Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $261.40.

Insider Transactions at Union Pacific

In other Union Pacific news, EVP Craig V. Richardson sold 6,495 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Elizabeth F. Whited sold 7,500 shares of the business’s stock in a transaction that occurred 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 owns 64,960 shares of the company’s stock, valued at approximately $16,240,000. This represents a 10.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.

Union Pacific Trading Up 0.3 %

Union Pacific stock opened at $248.49 on Thursday. The firm has a 50-day moving average of $235.43 and a 200-day moving average of $240.31. Union Pacific Co. has a one year low of $218.55 and a one year high of $258.66. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.77 and a quick ratio of 0.63. The company has a market cap of $150.65 billion, a price-to-earnings ratio of 22.41, a P/E/G ratio of 2.11 and a beta of 1.06.

Union Pacific (NYSE:UNP) last posted 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 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 earnings per share. On average, equities analysts expect that Union Pacific Co. will post 12.01 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The business 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 $1.34 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.36 annualized dividend and a yield of 2.16%. Union Pacific’s dividend payout ratio is currently 48.33%.

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.