Kornitzer Capital Management Inc. KS Has $6.58 Million Stock Holdings in Union Pacific Co. (NYSE:UNP)

Kornitzer Capital Management Inc. KS lessened its stake in shares of Union Pacific Co. (NYSE:UNP) by 1.0% during the 4th quarter, HoldingsChannel reports. The firm owned 28,872 shares of the railroad operator’s stock after selling 286 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Union Pacific were worth $6,584,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Roble Belko & Company Inc increased its stake in Union Pacific by 26.8% during the 4th quarter. Roble Belko & Company Inc now owns 213 shares of the railroad operator’s stock worth $49,000 after purchasing an additional 45 shares in the last quarter. Pflug Koory LLC increased its stake in Union Pacific by 0.5% during the 4th quarter. Pflug Koory LLC now owns 8,569 shares of the railroad operator’s stock worth $1,954,000 after purchasing an additional 45 shares in the last quarter. Baron Wealth Management LLC increased its stake in Union Pacific by 3.3% during the 4th quarter. Baron Wealth Management LLC now owns 1,409 shares of the railroad operator’s stock worth $321,000 after purchasing an additional 45 shares in the last quarter. Regatta Capital Group LLC boosted its position in Union Pacific by 2.8% during the 4th quarter. Regatta Capital Group LLC now owns 1,672 shares of the railroad operator’s stock worth $381,000 after acquiring an additional 46 shares during the last quarter. Finally, True Link Financial Advisors LLC boosted its position in Union Pacific by 1.2% during the 3rd quarter. True Link Financial Advisors LLC now owns 4,016 shares of the railroad operator’s stock worth $990,000 after acquiring an additional 47 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Stifel Nicolaus upped their price target on Union Pacific from $253.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Susquehanna reduced their price target on Union Pacific from $260.00 to $255.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Wells Fargo & Company reduced their price target on Union Pacific from $267.00 to $265.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. JPMorgan Chase & Co. reduced their price target on Union Pacific from $263.00 to $252.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Finally, Raymond James reaffirmed a “strong-buy” rating and set a $285.00 price target (up previously from $265.00) on shares of Union Pacific in a research report on Friday, January 24th. One equities research 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $261.40.

Insider Activity

In related news, President Elizabeth F. Whited sold 7,500 shares of Union Pacific 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 transaction, the president now directly owns 64,960 shares of the company’s stock, valued at $16,240,000. The trade was a 10.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Craig V. Richardson sold 6,495 shares of Union Pacific stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 26,319 shares in the company, valued at approximately $6,632,388. This represents a 19.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

Union Pacific Stock Up 0.7 %

UNP stock opened at $251.08 on Wednesday. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.77 and a quick ratio of 0.62. The stock has a market capitalization of $151.73 billion, a price-to-earnings ratio of 22.64, a PEG ratio of 2.16 and a beta of 1.06. The business’s fifty day moving average price is $236.93 and its two-hundred day moving average price is $240.52. Union Pacific Co. has a fifty-two week low of $218.55 and a fifty-two week high of $258.66.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results 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 return on equity of 41.12% and a net margin of 27.82%. During the same period in the previous year, the company earned $2.71 EPS. On average, equities analysts anticipate that Union Pacific Co. will post 12.01 earnings per share for the current year.

Union Pacific Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Friday, February 28th. Union Pacific’s payout ratio is 48.33%.

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.