Insight Wealth Strategies LLC acquired a new stake in shares of Union Pacific Co. (NYSE:UNP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 11,389 shares of the railroad operator’s stock, valued at approximately $1,574,000.
A number of other hedge funds have also recently bought and sold shares of UNP. Private Ocean LLC purchased a new stake in Union Pacific in the fourth quarter worth about $25,000. Gradient Investments LLC lifted its stake in Union Pacific by 117.1% in the fourth quarter. Gradient Investments LLC now owns 241 shares of the railroad operator’s stock worth $33,000 after acquiring an additional 130 shares during the period. Tributary Capital Management LLC purchased a new stake in Union Pacific in the fourth quarter worth about $42,000. Essex Investment Management Co. LLC purchased a new stake in Union Pacific in the fourth quarter worth about $47,000. Finally, Howe & Rusling Inc. lifted its stake in Union Pacific by 25.4% in the fourth quarter. Howe & Rusling Inc. now owns 346 shares of the railroad operator’s stock worth $48,000 after acquiring an additional 70 shares during the period. Institutional investors and hedge funds own 79.70% of the company’s stock.
In other news, EVP Robert M. Knight, Jr. sold 10,000 shares of Union Pacific stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $170.01, for a total transaction of $1,700,100.00. Following the transaction, the executive vice president now owns 94,943 shares in the company, valued at approximately $16,141,259.43. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Todd M. Rynaski sold 8,802 shares of Union Pacific stock in a transaction on Monday, April 1st. The stock was sold at an average price of $170.00, for a total value of $1,496,340.00. Following the transaction, the vice president now owns 19,731 shares in the company, valued at approximately $3,354,270. The disclosure for this sale can be found here. 0.20% of the stock is owned by company insiders.
Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, January 24th. The railroad operator reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.06. The business had revenue of $5.76 billion for the quarter, compared to analysts’ expectations of $5.73 billion. Union Pacific had a net margin of 26.13% and a return on equity of 27.95%. The business’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the company earned $1.53 EPS. Equities research analysts predict that Union Pacific Co. will post 9 earnings per share for the current fiscal year.
Union Pacific declared that its board has approved a stock repurchase program on Thursday, February 7th that authorizes the company to buyback 150,000,000 outstanding shares. This buyback authorization authorizes the railroad operator to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 28th were paid a dividend of $0.88 per share. This is a boost from Union Pacific’s previous quarterly dividend of $0.80. The ex-dividend date was Wednesday, February 27th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.10%. Union Pacific’s dividend payout ratio (DPR) is presently 44.50%.
A number of analysts recently weighed in on the stock. Loop Capital lowered shares of Union Pacific from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $193.00 to $182.00 in a research note on Tuesday, March 19th. Scotiabank raised shares of Union Pacific from a “sector perform” rating to an “outperform” rating and decreased their price target for the company from $175.00 to $165.00 in a research report on Monday, January 7th. Citigroup increased their price target on shares of Union Pacific from $180.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Seaport Global Securities upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating and set a $165.00 price objective on the stock in a report on Tuesday, January 8th. Finally, Atlantic Securities started coverage on shares of Union Pacific in a report on Tuesday, January 8th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $170.16.
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Union Pacific Company Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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