CrossGen Wealth LLC Purchases New Shares in Union Pacific Corporation $UNP

CrossGen Wealth LLC acquired a new stake in shares of Union Pacific Corporation (NYSE:UNP) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,715 shares of the railroad operator’s stock, valued at approximately $2,016,000. Union Pacific comprises 1.8% of CrossGen Wealth LLC’s investment portfolio, making the stock its 16th biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Rachor Investment Advisory Services LLC purchased a new position in Union Pacific in the fourth quarter worth about $25,000. Tucker Asset Management LLC purchased a new stake in Union Pacific during the fourth quarter valued at approximately $25,000. SWAN Capital LLC raised its position in Union Pacific by 2,575.0% during the fourth quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock valued at $25,000 after purchasing an additional 103 shares during the period. High Point Wealth Management LLC bought a new stake in shares of Union Pacific in the 4th quarter valued at approximately $26,000. Finally, Caitlin John LLC bought a new stake in shares of Union Pacific in the 3rd quarter valued at approximately $27,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Union Pacific news, CFO Jennifer L. Hamann sold 2,000 shares of the business’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $274.70, for a total value of $549,400.00. Following the completion of the sale, the chief financial officer directly owned 114,642 shares of the company’s stock, valued at $31,492,157.40. The trade was a 1.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kenyatta G. Rocker sold 27,387 shares of the company’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $271.76, for a total transaction of $7,442,691.12. Following the completion of the transaction, the executive vice president owned 61,102 shares in the company, valued at $16,605,079.52. This represents a 30.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 32,378 shares of company stock valued at $8,781,595 in the last 90 days. Company insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on UNP shares. BMO Capital Markets reissued a “market perform” rating and set a $285.00 target price (up from $278.00) on shares of Union Pacific in a research report on Friday, April 24th. Sanford C. Bernstein raised their price target on Union Pacific from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. Benchmark boosted their price objective on shares of Union Pacific from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Raymond James Financial set a $310.00 price objective on shares of Union Pacific in a research report on Friday, April 24th. Finally, JPMorgan Chase & Co. increased their target price on shares of Union Pacific from $267.00 to $275.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $282.21.

Union Pacific Trading Down 0.2%

Shares of NYSE UNP opened at $257.46 on Friday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.73 and a current ratio of 0.92. The business’s 50 day moving average price is $263.62 and its 200-day moving average price is $249.75. Union Pacific Corporation has a fifty-two week low of $210.84 and a fifty-two week high of $279.70. The company has a market cap of $152.86 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 2.74 and a beta of 0.97.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.07. The company had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.12 billion. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.Union Pacific’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.70 EPS. On average, sell-side analysts expect that Union Pacific Corporation will post 12.55 earnings per share for the current year.

Union Pacific Announces Dividend

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

About Union Pacific

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.