Atomi Financial Group Inc. Boosts Holdings in Union Pacific Co. (NYSE:UNP)

Atomi Financial Group Inc. grew its holdings in shares of Union Pacific Co. (NYSE:UNP) by 12.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,345 shares of the railroad operator’s stock after acquiring an additional 1,108 shares during the quarter. Atomi Financial Group Inc.’s holdings in Union Pacific were worth $2,550,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in UNP. Richardson Capital Management LLC purchased a new position in shares of Union Pacific during the first quarter worth approximately $26,000. Raleigh Capital Management Inc. grew its holdings in shares of Union Pacific by 211.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 109 shares of the railroad operator’s stock worth $27,000 after purchasing an additional 74 shares during the last quarter. Cultivar Capital Inc. bought a new position in shares of Union Pacific in the second quarter worth approximately $27,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Union Pacific in the second quarter worth approximately $28,000. Finally, Scarborough Advisors LLC bought a new position in shares of Union Pacific in the fourth quarter worth approximately $29,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UNP has been the topic of several recent analyst reports. BMO Capital Markets cut their target price on shares of Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, September 20th. Barclays cut their price target on shares of Union Pacific from $290.00 to $280.00 and set an “overweight” rating on the stock in a report on Friday, July 26th. StockNews.com cut shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Evercore ISI cut shares of Union Pacific from an “outperform” rating to an “inline” rating and cut their price target for the company from $254.00 to $247.00 in a report on Wednesday, September 25th. Finally, Daiwa America lowered Union Pacific from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $259.32.

Insiders Place Their Bets

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total transaction of $875,887.68. Following the completion of the sale, the president now directly owns 64,945 shares in the company, valued at $16,014,787.55. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.28% of the stock is owned by insiders.

Union Pacific Stock Performance

NYSE:UNP traded up $1.63 during mid-day trading on Tuesday, reaching $238.50. The company’s stock had a trading volume of 425,069 shares, compared to its average volume of 2,275,586. Union Pacific Co. has a 12-month low of $199.97 and a 12-month high of $258.66. The firm’s fifty day moving average price is $246.08 and its two-hundred day moving average price is $238.68. The company has a current ratio of 1.05, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89. The stock has a market cap of $145.51 billion, a P/E ratio of 22.67, a PEG ratio of 2.24 and a beta of 1.05.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share for the quarter, topping analysts’ consensus estimates of $2.71 by $0.03. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The business had revenue of $6.01 billion during the quarter, compared to analyst estimates of $6.05 billion. During the same quarter in the previous year, the firm earned $2.57 EPS. Union Pacific’s revenue was up .7% on a year-over-year basis. On average, equities analysts forecast that Union Pacific Co. will post 11.1 EPS for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 30th were given a $1.34 dividend. This is a positive change from Union Pacific’s previous quarterly dividend of $1.30. The ex-dividend date was Friday, August 30th. This represents a $5.36 dividend on an annualized basis and a yield of 2.25%. Union Pacific’s payout ratio is 51.15%.

About Union Pacific

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.