Waterfront Wealth Inc. Grows Stock Holdings in Union Pacific Co. (NYSE:UNP)

Waterfront Wealth Inc. increased its holdings in shares of Union Pacific Co. (NYSE:UNP) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,840 shares of the railroad operator’s stock after purchasing an additional 156 shares during the quarter. Waterfront Wealth Inc.’s holdings in Union Pacific were worth $2,700,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in UNP. Howard Capital Management Group LLC grew its stake in Union Pacific by 16.4% during the third quarter. Howard Capital Management Group LLC now owns 2,860 shares of the railroad operator’s stock valued at $705,000 after acquiring an additional 403 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Union Pacific by 51.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 63,565 shares of the railroad operator’s stock valued at $15,668,000 after purchasing an additional 21,570 shares during the last quarter. Foundations Investment Advisors LLC grew its position in shares of Union Pacific by 7.1% during the third quarter. Foundations Investment Advisors LLC now owns 2,875 shares of the railroad operator’s stock valued at $709,000 after purchasing an additional 190 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of Union Pacific by 1.3% in the third quarter. Private Advisor Group LLC now owns 40,709 shares of the railroad operator’s stock worth $10,034,000 after purchasing an additional 523 shares during the last quarter. Finally, Elevated Capital Advisors LLC lifted its position in shares of Union Pacific by 139.4% in the third quarter. Elevated Capital Advisors LLC now owns 3,038 shares of the railroad operator’s stock worth $749,000 after buying an additional 1,769 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on UNP. Royal Bank of Canada cut their price target on Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Citigroup lifted their target price on Union Pacific from $254.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Guggenheim lifted their target price on Union Pacific from $266.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Loop Capital cut Union Pacific from a “hold” rating to a “sell” rating and dropped their target price for the stock from $265.00 to $200.00 in a report on Monday, February 3rd. Finally, Barclays lifted their target price on Union Pacific from $275.00 to $285.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $261.40.

Insider Buying and Selling at Union Pacific

In other Union Pacific news, President Elizabeth F. Whited sold 7,500 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $250.00, for a total transaction of $1,875,000.00. Following the completion of the transaction, the president now owns 64,960 shares of the company’s stock, valued at $16,240,000. This represents a 10.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Craig V. Richardson sold 6,495 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $252.00, for a total value of $1,636,740.00. Following the completion of the sale, the executive vice president now owns 26,319 shares of the company’s stock, valued at $6,632,388. This trade represents 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 Stock Up 0.2 %

Shares of UNP stock opened at $247.64 on Friday. Union Pacific Co. has a 1-year low of $218.55 and a 1-year high of $258.66. The stock’s fifty day moving average price is $237.47 and its 200 day moving average price is $240.61. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.77 and a quick ratio of 0.62. The company has a market cap of $149.64 billion, a price-to-earnings ratio of 22.33, a price-to-earnings-growth ratio of 2.15 and a beta of 1.06.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share for the quarter, topping the consensus estimate 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 prior year, the business posted $2.71 EPS. On average, research analysts expect that Union Pacific Co. will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a dividend of $1.34 per share. The ex-dividend date is Friday, February 28th. This represents a $5.36 annualized dividend and a yield of 2.16%. Union Pacific’s payout ratio 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.