Steele Capital Management Inc. Makes New $530,000 Investment in Union Pacific Co. (NYSE:UNP)

Steele Capital Management Inc. purchased a new stake in Union Pacific Co. (NYSE:UNP) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,157 shares of the railroad operator’s stock, valued at approximately $530,000.

Other hedge funds also recently made changes to their positions in the company. Silver Oak Advisory Group Inc. acquired a new position in shares of Union Pacific in the 4th quarter valued at $219,000. Personal CFO Solutions LLC lifted its holdings in shares of Union Pacific by 39.3% during the 3rd quarter. Personal CFO Solutions LLC now owns 1,407 shares of the railroad operator’s stock valued at $287,000 after acquiring an additional 397 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Union Pacific by 46.9% during the 4th quarter. Nordea Investment Management AB now owns 87,905 shares of the railroad operator’s stock valued at $21,596,000 after acquiring an additional 28,052 shares in the last quarter. Procyon Advisors LLC lifted its holdings in shares of Union Pacific by 48.3% during the 4th quarter. Procyon Advisors LLC now owns 18,512 shares of the railroad operator’s stock valued at $4,547,000 after acquiring an additional 6,031 shares in the last quarter. Finally, Advisor Resource Council acquired a new position in shares of Union Pacific during the 4th quarter valued at $606,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Insider Buying and Selling at Union Pacific

In other Union Pacific news, President Elizabeth F. Whited sold 3,750 shares of the company’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 transaction, the president now owns 56,682 shares in the company, valued at approximately $14,170,500. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on UNP. The Goldman Sachs Group boosted their price objective on shares of Union Pacific from $248.00 to $274.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Raymond James reissued a “strong-buy” rating and issued a $280.00 target price (up previously from $275.00) on shares of Union Pacific in a research report on Friday. BMO Capital Markets boosted their target price on shares of Union Pacific from $270.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Royal Bank of Canada dropped their target price on shares of Union Pacific from $282.00 to $272.00 and set an “outperform” rating for the company in a research report on Friday, January 26th. Finally, Susquehanna boosted their target price on shares of Union Pacific from $255.00 to $270.00 and gave the stock a “neutral” rating in a research report on Friday. Seven equities research 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, the company has an average rating of “Moderate Buy” and an average target price of $258.78.

Union Pacific Trading Down 0.7 %

Shares of UNP stock traded down $1.81 during trading hours on Monday, reaching $240.98. 1,730,332 shares of the stock traded hands, compared to its average volume of 2,324,740. Union Pacific Co. has a 1-year low of $190.71 and a 1-year high of $258.66. The business has a fifty day moving average price of $244.27 and a 200 day moving average price of $235.33. The company has a quick ratio of 0.76, a current ratio of 0.93 and a debt-to-equity ratio of 1.99. The firm has a market capitalization of $147.03 billion, a PE ratio of 23.17, a PEG ratio of 2.61 and a beta of 1.07.

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

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 29th were paid a $1.30 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $5.20 annualized dividend and a yield of 2.16%. Union Pacific’s dividend payout ratio is presently 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.