Elk River Wealth Management LLC Reduces Stock Holdings in Union Pacific Co. (NYSE:UNP)

Elk River Wealth Management LLC trimmed its holdings in shares of Union Pacific Co. (NYSE:UNP) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,432 shares of the railroad operator’s stock after selling 105 shares during the quarter. Elk River Wealth Management LLC’s holdings in Union Pacific were worth $4,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Corps Capital Advisors LLC purchased a new stake in Union Pacific during the 4th quarter valued at about $1,140,000. Ieq Capital LLC grew its stake in Union Pacific by 3.2% during the 4th quarter. Ieq Capital LLC now owns 32,522 shares of the railroad operator’s stock valued at $7,416,000 after purchasing an additional 1,001 shares during the last quarter. Private Wealth Partners LLC grew its stake in Union Pacific by 2.7% during the 4th quarter. Private Wealth Partners LLC now owns 3,083 shares of the railroad operator’s stock valued at $703,000 after purchasing an additional 82 shares during the last quarter. Bryn Mawr Capital Management LLC grew its stake in Union Pacific by 27.5% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 28,817 shares of the railroad operator’s stock valued at $6,571,000 after purchasing an additional 6,220 shares during the last quarter. Finally, Alberta Investment Management Corp grew its stake in Union Pacific by 1,153.8% during the 4th quarter. Alberta Investment Management Corp now owns 36,360 shares of the railroad operator’s stock valued at $8,292,000 after purchasing an additional 33,460 shares during the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on UNP shares. Benchmark boosted their price target on Union Pacific from $266.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Wells Fargo & Company decreased their price objective on Union Pacific from $267.00 to $265.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. JPMorgan Chase & Co. decreased their price objective on Union Pacific from $263.00 to $252.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Barclays boosted 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. Finally, Royal Bank of Canada decreased their price objective on Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $261.40.

Insider Activity

In other news, President Elizabeth F. Whited sold 7,500 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the president now directly owns 64,960 shares in the company, valued at $16,240,000. This represents a 10.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Craig V. Richardson sold 6,495 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 26,319 shares of the company’s stock, valued at $6,632,388. The trade was a 19.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.

Union Pacific Price Performance

Shares of Union Pacific stock opened at $247.02 on Thursday. The business has a 50 day simple moving average of $237.20 and a two-hundred day simple moving average of $240.57. Union Pacific Co. has a 12 month low of $218.55 and a 12 month high of $258.66. The stock has a market capitalization of $149.27 billion, a P/E ratio of 22.27, a PEG ratio of 2.18 and a beta of 1.06. 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 announced 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 quarter in the previous year, the company earned $2.71 earnings per share. As a group, analysts predict that Union Pacific Co. will post 11.99 EPS for the current fiscal year.

Union Pacific Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a $1.34 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.17%. Union Pacific’s dividend payout ratio (DPR) is presently 48.33%.

Union Pacific 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.