Wingate Wealth Advisors Inc. Acquires New Position in Union Pacific Co. (NYSE:UNP)

Wingate Wealth Advisors Inc. bought a new position in Union Pacific Co. (NYSE:UNP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,187 shares of the railroad operator’s stock, valued at approximately $271,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. World Investment Advisors LLC boosted its position in Union Pacific by 103.1% during the 3rd quarter. World Investment Advisors LLC now owns 35,581 shares of the railroad operator’s stock valued at $8,770,000 after purchasing an additional 18,060 shares during the period. abrdn plc lifted its stake in Union Pacific by 9.3% in the fourth quarter. abrdn plc now owns 415,874 shares of the railroad operator’s stock valued at $94,588,000 after buying an additional 35,414 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Union Pacific by 2.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 179,925 shares of the railroad operator’s stock valued at $44,348,000 after acquiring an additional 4,939 shares during the period. Border to Coast Pensions Partnership Ltd grew its position in shares of Union Pacific by 24.2% during 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 acquiring an additional 53,946 shares during the last quarter. Finally, Pensionfund Sabic increased its holdings in shares of Union Pacific by 61.5% in the 4th quarter. Pensionfund Sabic now owns 10,500 shares of the railroad operator’s stock worth $2,394,000 after acquiring an additional 4,000 shares during the period. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. BMO Capital Markets boosted their target price on shares of Union Pacific from $275.00 to $277.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. 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 research report on Monday, February 3rd. Stifel Nicolaus raised their target price on Union Pacific from $253.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Raymond James reiterated 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. Finally, Citigroup increased their price target on Union Pacific from $254.00 to $260.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $261.40.

Union Pacific Stock Down 0.6 %

UNP stock opened at $242.12 on Monday. The firm has a market cap of $146.79 billion, a PE ratio of 21.83, a P/E/G ratio of 2.11 and a beta of 1.06. Union Pacific Co. has a 12 month low of $218.55 and a 12 month 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 firm has a 50 day simple moving average of $235.14 and a 200 day simple moving average of $240.17.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, January 23rd. The railroad operator reported $2.91 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 quarter in the prior year, the firm posted $2.71 earnings per share. Equities research analysts forecast 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. Investors of record on Friday, February 28th will be paid a $1.34 dividend. The ex-dividend date is Friday, February 28th. This represents a $5.36 dividend on an annualized basis and a yield of 2.21%. Union Pacific’s dividend payout ratio is currently 48.33%.

Insiders Place Their Bets

In related news, EVP Craig V. Richardson sold 6,495 shares of the firm’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 value of $1,636,740.00. Following the completion of the transaction, the executive vice president now owns 26,319 shares of the company’s stock, valued at approximately $6,632,388. This trade represents a 19.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Elizabeth F. Whited sold 7,500 shares of the business’s 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 sale, the president now directly owns 64,960 shares in the company, valued at approximately $16,240,000. This trade represents a 10.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.

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.