ELM Advisors LLC boosted its stake in Union Pacific Co. (NYSE:UNP) by 11.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,802 shares of the railroad operator’s stock after buying an additional 475 shares during the period. ELM Advisors LLC’s holdings in Union Pacific were worth $803,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Private Ocean LLC purchased a new stake in Union Pacific in the 4th quarter valued at about $25,000. Gradient Investments LLC raised its holdings in Union Pacific by 117.1% in the 4th quarter. Gradient Investments LLC now owns 241 shares of the railroad operator’s stock valued at $33,000 after buying an additional 130 shares during the period. Tributary Capital Management LLC purchased a new stake in Union Pacific in the 4th quarter valued at about $42,000. Clarfeld Financial Advisors LLC purchased a new stake in Union Pacific in the 4th quarter valued at about $42,000. Finally, Essex Investment Management Co. LLC purchased a new stake in Union Pacific in the 4th quarter valued at about $47,000. Hedge funds and other institutional investors own 79.69% of the company’s stock.
UNP stock opened at $176.66 on Monday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.74 and a current ratio of 0.75. Union Pacific Co. has a fifty-two week low of $126.37 and a fifty-two week high of $177.77. The company has a market cap of $127.70 billion, a P/E ratio of 22.33, a PEG ratio of 1.97 and a beta of 1.11.
Union Pacific announced that its board has authorized a share buyback program on Thursday, February 7th that permits the company to buyback 150,000,000 outstanding shares. This buyback authorization permits the railroad operator to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.
The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, February 28th were paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.99%. This is a positive change from Union Pacific’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Wednesday, February 27th. Union Pacific’s dividend payout ratio is presently 44.50%.
In related news, VP Todd M. Rynaski sold 8,802 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $170.00, for a total transaction of $1,496,340.00. Following the sale, the vice president now directly owns 19,731 shares in the company, valued at $3,354,270. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert M. Knight, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now owns 94,943 shares in the company, valued at $16,141,259.43. The disclosure for this sale can be found here. 9.96% of the stock is currently owned by corporate insiders.
Several analysts recently issued reports on UNP shares. Zacks Investment Research lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th. Cowen upgraded shares of Union Pacific from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $153.00 to $178.00 in a report on Tuesday, January 8th. Loop Capital boosted their price target on shares of Union Pacific from $188.00 to $193.00 and gave the stock a “positive” rating in a research note on Thursday, January 24th. Credit Suisse Group cut their price target on shares of Union Pacific from $190.00 to $166.00 and set an “outperform” rating on the stock in a research note on Monday, January 7th. Finally, Argus boosted their price target on shares of Union Pacific to $175.00 and gave the stock a “positive” rating in a research note on Friday, January 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $170.63.
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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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