Naviter Wealth LLC Grows Stock Holdings in Union Pacific Co. (NYSE:UNP)

Naviter Wealth LLC grew its position in Union Pacific Co. (NYSE:UNP) by 24.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,491 shares of the railroad operator’s stock after buying an additional 896 shares during the quarter. Naviter Wealth LLC’s holdings in Union Pacific were worth $1,103,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its position in shares of Union Pacific by 0.3% in the third quarter. Wellington Management Group LLP now owns 7,261,449 shares of the railroad operator’s stock valued at $1,478,649,000 after acquiring an additional 19,145 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Union Pacific by 4.4% during the 3rd quarter. Northern Trust Corp now owns 6,803,796 shares of the railroad operator’s stock worth $1,385,457,000 after purchasing an additional 285,988 shares during the last quarter. FMR LLC raised its position in shares of Union Pacific by 62.8% in the third quarter. FMR LLC now owns 5,496,708 shares of the railroad operator’s stock valued at $1,119,295,000 after buying an additional 2,119,382 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Union Pacific by 18.8% during the third quarter. Invesco Ltd. now owns 5,003,423 shares of the railroad operator’s stock valued at $1,018,847,000 after buying an additional 792,896 shares during the period. Finally, Clearbridge Investments LLC boosted its position in Union Pacific by 108.9% during the third quarter. Clearbridge Investments LLC now owns 4,128,575 shares of the railroad operator’s stock worth $840,702,000 after acquiring an additional 2,151,893 shares during the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, President Elizabeth F. Whited sold 3,750 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $250.00, for a total value of $937,500.00. Following the completion of the transaction, the president now owns 56,682 shares of the company’s stock, valued at approximately $14,170,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on UNP. TD Cowen boosted their price target on Union Pacific from $252.00 to $258.00 and gave the company a “buy” rating in a report on Friday. Susquehanna upped their target price on Union Pacific from $255.00 to $270.00 and gave the company a “neutral” rating in a research note on Friday. JPMorgan Chase & Co. raised their price target on Union Pacific from $237.00 to $243.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 9th. The Goldman Sachs Group upped their price objective on shares of Union Pacific from $248.00 to $274.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Finally, UBS Group raised their target price on shares of Union Pacific from $235.00 to $248.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Union Pacific currently has an average rating of “Moderate Buy” and an average price target of $258.78.

Union Pacific Trading Down 0.8 %

Shares of Union Pacific stock opened at $240.95 on Tuesday. The business has a fifty day simple moving average of $244.15 and a 200-day simple moving average of $235.56. The firm has a market cap of $147.01 billion, a price-to-earnings ratio of 22.99, a price-to-earnings-growth ratio of 2.61 and a beta of 1.07. Union Pacific Co. has a fifty-two week low of $190.71 and a fifty-two week high of $258.66. The company has a quick ratio of 0.76, a current ratio of 0.93 and a debt-to-equity ratio of 1.99.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, April 25th. The railroad operator reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.19. Union Pacific had a return on equity of 44.34% and a net margin of 26.52%. The company had revenue of $6.03 billion for the quarter, compared to analysts’ expectations of $5.97 billion. During the same quarter in the prior year, the company earned $2.67 earnings per share. The firm’s revenue was down .4% on a year-over-year basis. On average, equities analysts forecast that Union Pacific Co. will post 11.08 EPS for the current fiscal year.

Union Pacific Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 29th were given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend was Wednesday, February 28th. Union Pacific’s dividend payout ratio (DPR) is currently 49.62%.

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.