Pineridge Advisors LLC Purchases 827 Shares of Union Pacific Co. (NYSE:UNP)

Pineridge Advisors LLC increased its position in Union Pacific Co. (NYSE:UNP) by 307.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,096 shares of the railroad operator’s stock after buying an additional 827 shares during the period. Pineridge Advisors LLC’s holdings in Union Pacific were worth $250,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. World Investment Advisors LLC boosted its position in shares of Union Pacific by 103.1% during the 3rd quarter. World Investment Advisors LLC now owns 35,581 shares of the railroad operator’s stock valued at $8,770,000 after acquiring an additional 18,060 shares during the last quarter. abrdn plc raised its stake in Union Pacific by 9.3% during the fourth quarter. abrdn plc now owns 415,874 shares of the railroad operator’s stock valued at $94,588,000 after purchasing an additional 35,414 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Union Pacific by 2.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 179,925 shares of the railroad operator’s stock valued at $44,348,000 after purchasing an additional 4,939 shares during the last quarter. Border to Coast Pensions Partnership Ltd grew its stake in shares of Union Pacific by 24.2% in the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 277,267 shares of the railroad operator’s stock worth $63,185,000 after buying an additional 53,946 shares in the last quarter. Finally, Pensionfund Sabic increased its holdings in shares of Union Pacific by 61.5% in the 4th quarter. Pensionfund Sabic now owns 10,500 shares of the railroad operator’s stock worth $2,394,000 after buying an additional 4,000 shares during the last quarter. 80.38% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Craig V. Richardson sold 6,495 shares of Union Pacific stock in a transaction on Monday, January 27th. The stock was sold at an average price of $252.00, for a total value of $1,636,740.00. Following the transaction, the executive vice president now directly owns 26,319 shares in the company, valued at approximately $6,632,388. This trade represents a 19.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Elizabeth F. Whited sold 7,500 shares of the company’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $250.00, for a total value of $1,875,000.00. Following the sale, the president now owns 64,960 shares of the company’s stock, valued at $16,240,000. This trade represents a 10.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on UNP. Raymond James reiterated a “strong-buy” rating and issued a $285.00 price target (up previously from $265.00) on shares of Union Pacific in a research report on Friday, January 24th. BMO Capital Markets boosted their target price on Union Pacific from $275.00 to $277.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Benchmark increased their price target on Union Pacific from $266.00 to $275.00 and gave the company a “buy” rating in a report on Friday, January 24th. Wells Fargo & Company dropped their price objective on shares of Union Pacific from $267.00 to $265.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Finally, Guggenheim increased their target price on shares of Union Pacific from $266.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $261.40.

Union Pacific Price Performance

Shares of UNP stock opened at $244.35 on Tuesday. The stock has a market capitalization of $148.14 billion, a price-to-earnings ratio of 22.03, a P/E/G ratio of 2.11 and a beta of 1.06. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.76. Union Pacific Co. has a twelve month low of $218.55 and a twelve month high of $258.66. The stock has a fifty day simple moving average of $235.14 and a two-hundred day simple moving average of $240.19.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.15. Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. During the same quarter in the previous year, the business posted $2.71 EPS. On average, analysts predict that Union Pacific Co. will post 12.01 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Friday, February 28th. Union Pacific’s payout ratio is 48.33%.

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.