Lecap Asset Management Ltd. trimmed its position in shares of Union Pacific Co. (NYSE:UNP – Free Report) by 84.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,977 shares of the railroad operator’s stock after selling 16,073 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Union Pacific were worth $679,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Synergy Asset Management LLC purchased a new position in shares of Union Pacific during the 4th quarter worth approximately $29,000. Catalyst Capital Advisors LLC acquired a new position in Union Pacific during the third quarter worth $30,000. Jamison Private Wealth Management Inc. raised its position in Union Pacific by 265.7% in the third quarter. Jamison Private Wealth Management Inc. now owns 128 shares of the railroad operator’s stock worth $32,000 after acquiring an additional 93 shares in the last quarter. Dunhill Financial LLC lifted its holdings in Union Pacific by 111.5% in the third quarter. Dunhill Financial LLC now owns 129 shares of the railroad operator’s stock valued at $32,000 after acquiring an additional 68 shares during the period. Finally, Peterson Financial Group Inc. purchased a new stake in shares of Union Pacific during the 3rd quarter worth $32,000. 80.38% of the stock is owned by hedge funds and other institutional investors.
Union Pacific Trading Down 0.6 %
NYSE UNP opened at $242.12 on Friday. The company’s fifty day simple moving average is $235.20 and its 200-day simple moving average is $240.17. The stock has a market cap of $146.79 billion, a P/E ratio of 21.83, a PEG ratio of 2.11 and a beta of 1.06. Union Pacific Co. has a 52 week low of $218.55 and a 52 week high of $258.66. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.76.
Union Pacific Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Friday, February 28th. Union Pacific’s payout ratio is currently 48.33%.
Insider Activity
In other news, President Elizabeth F. Whited sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $250.00, for a total value of $1,875,000.00. Following the completion of the sale, the president now directly owns 64,960 shares in the company, valued at approximately $16,240,000. The trade was a 10.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Craig V. Richardson sold 6,495 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now owns 26,319 shares in the company, valued at $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. Company insiders own 0.28% of the company’s stock.
Wall Street Analyst Weigh In
UNP has been the subject of a number of research analyst reports. Barclays raised their price objective on shares of Union Pacific from $275.00 to $285.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Royal Bank of Canada reduced their price target 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. Wells Fargo & Company lowered their price target on Union Pacific from $267.00 to $265.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Citigroup lifted their price objective on Union Pacific from $254.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Finally, Raymond James reissued a “strong-buy” rating and issued a $285.00 target price (up previously from $265.00) on shares of Union Pacific in a report on Friday, January 24th. One investment 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $261.40.
Get Our Latest Stock Report on UNP
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.
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