Connecticut Wealth Management LLC Raises Stock Holdings in Union Pacific Co. (NYSE:UNP)

Connecticut Wealth Management LLC grew its stake in Union Pacific Co. (NYSE:UNP) by 17.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,430 shares of the railroad operator’s stock after buying an additional 1,519 shares during the quarter. Connecticut Wealth Management LLC’s holdings in Union Pacific were worth $2,562,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of UNP. BluePath Capital Management LLC purchased a new stake in shares of Union Pacific during the third quarter worth about $25,000. Valued Wealth Advisors LLC purchased a new stake in shares of Union Pacific during the fourth quarter worth about $28,000. Stuart Chaussee & Associates Inc. purchased a new stake in shares of Union Pacific during the fourth quarter worth about $36,000. Fortitude Family Office LLC purchased a new stake in shares of Union Pacific during the fourth quarter worth about $44,000. Finally, FinTrust Capital Advisors LLC grew its position in shares of Union Pacific by 387.8% during the third quarter. FinTrust Capital Advisors LLC now owns 439 shares of the railroad operator’s stock worth $89,000 after purchasing an additional 349 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Insiders Place Their Bets

In other Union Pacific news, President Elizabeth F. Whited sold 3,750 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $250.00, for a total transaction of $937,500.00. Following the transaction, the president now directly owns 56,682 shares in the company, valued at approximately $14,170,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.28% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

UNP has been the subject of several research analyst reports. Raymond James reiterated a “strong-buy” rating and set a $280.00 target price (up previously from $275.00) on shares of Union Pacific in a research report on Friday, April 26th. StockNews.com upgraded Union Pacific from a “hold” rating to a “buy” rating in a report on Friday, April 26th. The Goldman Sachs Group raised their price target on Union Pacific from $248.00 to $274.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Stifel Nicolaus upgraded Union Pacific from a “hold” rating to a “buy” rating and raised their price target for the company from $248.00 to $267.00 in a report on Friday. Finally, TD Cowen raised their price target on Union Pacific from $252.00 to $258.00 and gave the company a “buy” rating in a report on Friday, April 26th. Six investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $259.61.

Union Pacific Trading Up 1.1 %

Shares of UNP stock traded up $2.67 on Friday, reaching $240.36. 2,174,714 shares of the company’s stock were exchanged, compared to its average volume of 2,177,795. Union Pacific Co. has a 52 week low of $190.71 and a 52 week high of $258.66. The company has a current ratio of 0.93, a quick ratio of 0.76 and a debt-to-equity ratio of 1.99. The stock has a market capitalization of $146.65 billion, a PE ratio of 22.94, a P/E/G ratio of 2.52 and a beta of 1.06. The company’s fifty day simple moving average is $242.95 and its 200 day simple moving average is $235.98.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, April 25th. The railroad operator reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.50 by $0.19. Union Pacific had a return on equity of 44.34% and a net margin of 26.52%. The firm had revenue of $6.03 billion during the quarter, compared to analyst estimates of $5.97 billion. During the same period last year, the company earned $2.67 EPS. Union Pacific’s quarterly revenue was down .4% compared to the same quarter last year. As a group, analysts forecast that Union Pacific Co. will post 11.21 EPS for the current year.

Union Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 29th were issued a dividend of $1.30 per share. The ex-dividend date was Wednesday, February 28th. This represents a $5.20 annualized dividend and a yield of 2.16%. Union Pacific’s payout ratio is currently 49.62%.

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.