Summit X LLC Has $498,000 Position in Union Pacific Co. (NYSE:UNP)

Summit X LLC lessened its stake in shares of Union Pacific Co. (NYSE:UNP) by 5.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,183 shares of the railroad operator’s stock after selling 134 shares during the period. Summit X LLC’s holdings in Union Pacific were worth $498,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in UNP. World Investment Advisors LLC increased its stake in shares of Union Pacific by 103.1% in 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 last quarter. abrdn plc boosted its holdings in shares of Union Pacific by 9.3% during the 4th quarter. abrdn plc now owns 415,874 shares of the railroad operator’s stock valued at $94,588,000 after acquiring an additional 35,414 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Union Pacific by 2.8% during the 4th 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 in the last quarter. Border to Coast Pensions Partnership Ltd boosted its holdings in shares of Union Pacific by 24.2% during the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 277,267 shares of the railroad operator’s stock valued at $63,185,000 after acquiring an additional 53,946 shares in the last quarter. Finally, Pensionfund Sabic boosted its holdings in shares of Union Pacific by 61.5% during the 4th quarter. Pensionfund Sabic now owns 10,500 shares of the railroad operator’s stock valued at $2,394,000 after acquiring an additional 4,000 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

Insider Activity at Union Pacific

In other Union Pacific news, EVP Craig V. Richardson sold 6,495 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $252.00, for a total transaction of $1,636,740.00. Following the completion of the sale, the executive vice president now directly owns 26,319 shares of the company’s stock, valued at approximately $6,632,388. The trade was a 19.79 % decrease in their position. The sale 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 company’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $250.00, for a total value of $1,875,000.00. Following the completion of the transaction, the president now directly owns 64,960 shares of the company’s stock, valued at approximately $16,240,000. This represents a 10.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by corporate insiders.

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $237.72 on Wednesday. Union Pacific Co. has a one year low of $218.55 and a one year high of $258.07. The firm has a market capitalization of $143.65 billion, a price-to-earnings ratio of 21.44, a PEG ratio of 2.15 and a beta of 1.05. The business has a 50-day simple moving average of $241.63 and a 200 day simple moving average of $240.91. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.77 and a quick ratio of 0.62.

Union Pacific (NYSE:UNP) last issued its earnings results 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 period last year, the business posted $2.71 earnings per share. On average, research analysts anticipate that Union Pacific Co. will post 11.99 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Friday, February 28th. Union Pacific’s payout ratio is 48.33%.

Analysts Set New Price Targets

UNP has been the topic of several recent research reports. Robert W. Baird raised their price objective on Union Pacific from $260.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, January 24th. TD Cowen raised their price objective on Union Pacific from $245.00 to $258.00 and gave the company a “buy” rating in a report on Friday, January 24th. Barclays raised their price objective on Union Pacific from $275.00 to $285.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Loop Capital downgraded Union Pacific from a “hold” rating to a “sell” rating and cut their target price for the stock from $265.00 to $200.00 in a report on Monday, February 3rd. Finally, BMO Capital Markets lifted their target price on Union Pacific from $275.00 to $277.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $263.00.

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.