Altus Wealth Group LLC Has $2.90 Million Holdings in Union Pacific Co. (NYSE:UNP)

Altus Wealth Group LLC lowered its stake in Union Pacific Co. (NYSE:UNP) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,709 shares of the railroad operator’s stock after selling 132 shares during the period. Union Pacific makes up 1.3% of Altus Wealth Group LLC’s holdings, making the stock its 19th biggest holding. Altus Wealth Group LLC’s holdings in Union Pacific were worth $2,898,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Gallacher Capital Management LLC bought a new stake in shares of Union Pacific during the 4th quarter valued at approximately $227,000. Patten & Patten Inc. TN grew its stake in shares of Union Pacific by 2.1% during the fourth quarter. Patten & Patten Inc. TN now owns 6,742 shares of the railroad operator’s stock worth $1,537,000 after buying an additional 137 shares during the last quarter. Greenwich Wealth Management LLC increased its holdings in shares of Union Pacific by 3.3% during the fourth quarter. Greenwich Wealth Management LLC now owns 2,159 shares of the railroad operator’s stock worth $492,000 after buying an additional 69 shares in the last quarter. Centurion Wealth Management LLC lifted its stake in shares of Union Pacific by 12.6% in the 4th quarter. Centurion Wealth Management LLC now owns 1,200 shares of the railroad operator’s stock valued at $274,000 after acquiring an additional 134 shares during the last quarter. Finally, Ninepoint Partners LP boosted its holdings in shares of Union Pacific by 7.8% during the 4th quarter. Ninepoint Partners LP now owns 10,246 shares of the railroad operator’s stock valued at $2,336,000 after acquiring an additional 742 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Stock Performance

Shares of UNP stock opened at $237.71 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 1.76. Union Pacific Co. has a 52 week low of $218.55 and a 52 week high of $258.07. The firm has a 50 day moving average of $242.05 and a 200-day moving average of $240.71. The company has a market cap of $143.65 billion, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.76 by $0.15. Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. During the same period in the prior year, the company earned $2.71 earnings per share. On average, equities analysts forecast that Union Pacific Co. will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Friday, February 28th. Union Pacific’s payout ratio is 48.33%.

Analyst Ratings Changes

Several research firms have commented on UNP. Wells Fargo & Company dropped their target price on Union Pacific from $267.00 to $265.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Union Pacific in a report on Friday, March 7th. They issued a “buy” rating and a $295.00 price objective for the company. TD Cowen boosted their target price on shares of Union Pacific from $245.00 to $258.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Stifel Nicolaus raised their price target on shares of Union Pacific from $253.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, Guggenheim boosted their price objective on shares of Union Pacific from $266.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Union Pacific has a consensus rating of “Moderate Buy” and an average price target of $263.00.

Insider Buying and Selling

In other news, President Elizabeth F. Whited sold 7,500 shares of Union Pacific stock in a transaction dated Friday, January 24th. The shares were 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 directly owns 64,960 shares in the company, valued at $16,240,000. This trade represents a 10.35 % decrease in their ownership of the stock. The sale was disclosed in a 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 dated Monday, January 27th. The stock was sold at an average price of $252.00, for a total transaction of $1,636,740.00. Following the completion of the sale, the executive vice president now owns 26,319 shares in the company, valued at $6,632,388. This represents a 19.79 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is owned by company insiders.

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.