Cary Street Partners Financial LLC Has $4.52 Million Holdings in Union Pacific Corporation $UNP

Cary Street Partners Financial LLC raised its stake in shares of Union Pacific Corporation (NYSE:UNP) by 21.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 19,535 shares of the railroad operator’s stock after purchasing an additional 3,390 shares during the period. Cary Street Partners Financial LLC’s holdings in Union Pacific were worth $4,519,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UNP. Tucker Asset Management LLC purchased a new position in shares of Union Pacific during the fourth quarter valued at approximately $25,000. Rachor Investment Advisory Services LLC purchased a new stake in Union Pacific in the 4th quarter valued at $25,000. Caitlin John LLC purchased a new stake in Union Pacific in the 3rd quarter valued at $27,000. Saranac Partners Ltd bought a new position in Union Pacific during the 3rd quarter valued at $27,000. Finally, High Point Wealth Management LLC bought a new position in Union Pacific during the 4th quarter valued at $26,000. 80.38% of the stock is owned by institutional investors.

Union Pacific Stock Up 2.1%

Shares of NYSE:UNP opened at $271.54 on Wednesday. The company has a market capitalization of $161.22 billion, a PE ratio of 22.37, a price-to-earnings-growth ratio of 2.82 and a beta of 0.99. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.92 and a quick ratio of 0.73. The business has a fifty day moving average price of $254.81 and a two-hundred day moving average price of $244.69. Union Pacific Corporation has a 1 year low of $210.84 and a 1 year high of $276.40.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, April 23rd. The railroad operator reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.07. The company had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.12 billion. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.70 EPS. Analysts forecast that Union Pacific Corporation will post 12.53 earnings per share for the current year.

Union Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be given a $1.38 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $5.52 annualized dividend and a yield of 2.0%. Union Pacific’s payout ratio is currently 45.47%.

Insider Buying and Selling at Union Pacific

In other Union Pacific news, CFO Jennifer L. Hamann sold 2,000 shares of the business’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $274.70, for a total value of $549,400.00. Following the transaction, the chief financial officer directly owned 114,642 shares in the company, valued at $31,492,157.40. The trade was a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kenyatta G. Rocker sold 27,387 shares of the stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $271.76, for a total transaction of $7,442,691.12. Following the transaction, the executive vice president directly owned 61,102 shares of the company’s stock, valued at $16,605,079.52. This represents a 30.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 31,386 shares of company stock worth $8,461,716 over the last three months. 0.22% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

UNP has been the subject of several recent analyst reports. UBS Group reiterated a “neutral” rating and issued a $274.00 target price (up from $253.00) on shares of Union Pacific in a research note on Friday, April 24th. Royal Bank Of Canada reissued an “outperform” rating and set a $289.00 price target (up from $273.00) on shares of Union Pacific in a research report on Friday, April 24th. Raymond James Financial set a $310.00 price target on shares of Union Pacific in a report on Friday, April 24th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $285.00 price objective (up from $278.00) on shares of Union Pacific in a research report on Friday, April 24th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Union Pacific from $267.00 to $275.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $280.47.

Union Pacific Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.