IFP Advisors Inc Has $4.56 Million Position in Union Pacific Corporation $UNP

IFP Advisors Inc increased its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 30.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 19,700 shares of the railroad operator’s stock after acquiring an additional 4,593 shares during the period. IFP Advisors Inc’s holdings in Union Pacific were worth $4,557,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in UNP. Rachor Investment Advisory Services LLC acquired a new stake in shares of Union Pacific during the 4th quarter valued at about $25,000. Tucker Asset Management LLC acquired a new stake in shares of Union Pacific during the 4th quarter valued at about $25,000. High Point Wealth Management LLC acquired a new stake in shares of Union Pacific during the 4th quarter valued at about $26,000. Caitlin John LLC acquired a new stake in shares of Union Pacific during the 3rd quarter valued at about $27,000. Finally, Saranac Partners Ltd acquired a new stake in shares of Union Pacific during the 3rd quarter valued at about $27,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Union Pacific news, EVP Kenyatta G. Rocker sold 27,387 shares of the business’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $271.76, for a total value of $7,442,691.12. Following the completion of the transaction, the executive vice president directly owned 61,102 shares of the company’s stock, valued at approximately $16,605,079.52. The trade was a 30.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Jennifer L. Hamann sold 2,000 shares of the business’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $274.70, for a total transaction of $549,400.00. Following the completion of the transaction, the chief financial officer directly owned 114,642 shares of the company’s stock, valued at approximately $31,492,157.40. This represents a 1.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 31,386 shares of company stock valued at $8,461,716. Insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on UNP. Sanford C. Bernstein lifted their target price on shares of Union Pacific from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Tuesday, March 31st. Robert W. Baird set a $311.00 target price on shares of Union Pacific and gave the company an “outperform” rating in a research report on Friday, March 6th. Royal Bank Of Canada reiterated an “outperform” rating and set a $289.00 target price (up from $273.00) on shares of Union Pacific in a research report on Friday, April 24th. Citigroup reissued a “buy” rating and set a $307.00 price target (up from $285.00) on shares of Union Pacific in a report on Friday, April 24th. Finally, Benchmark lifted their price target on shares of Union Pacific from $275.00 to $300.00 and gave the company a “buy” rating in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Union Pacific presently has a consensus rating of “Moderate Buy” and an average price target of $280.47.

Union Pacific Trading Down 2.0%

Shares of UNP stock opened at $266.01 on Thursday. Union Pacific Corporation has a 12-month low of $210.84 and a 12-month high of $276.40. The company has a market capitalization of $157.94 billion, a P/E ratio of 21.91, a P/E/G ratio of 2.88 and a beta of 0.99. The firm has a 50-day moving average price of $253.19 and a 200 day moving average price of $243.35. The company has a quick ratio of 0.73, a current ratio of 0.92 and a debt-to-equity ratio of 1.53.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.07. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The firm had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.12 billion. During the same period last year, the firm posted $2.70 EPS. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. Research analysts forecast that Union Pacific Corporation will post 12.53 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be paid a $1.38 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.1%. Union Pacific’s payout ratio is currently 45.47%.

Union Pacific Company Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two?thirds of the United States.