Trueblood Wealth Management LLC Makes New Investment in Union Pacific Co. (NYSE:UNP)

Trueblood Wealth Management LLC bought a new position in shares of Union Pacific Co. (NYSE:UNP) in the fourth quarter, HoldingsChannel.com reports. The firm bought 1,645 shares of the railroad operator’s stock, valued at approximately $404,000.

Other hedge funds also recently bought and sold shares of the company. Sunburst Financial Group LLC increased its stake in Union Pacific by 1.8% in the fourth quarter. Sunburst Financial Group LLC now owns 2,393 shares of the railroad operator’s stock valued at $588,000 after purchasing an additional 42 shares during the period. Sunflower Bank N.A. boosted its holdings in Union Pacific by 0.8% during the fourth quarter. Sunflower Bank N.A. now owns 5,573 shares of the railroad operator’s stock worth $1,369,000 after buying an additional 43 shares in the last quarter. Obsidian Personal Planning Solutions LLC boosted its holdings in Union Pacific by 1.9% during the third quarter. Obsidian Personal Planning Solutions LLC now owns 2,416 shares of the railroad operator’s stock worth $492,000 after buying an additional 45 shares in the last quarter. Vivaldi Capital Management LP lifted its holdings in shares of Union Pacific by 3.1% in the second quarter. Vivaldi Capital Management LP now owns 1,585 shares of the railroad operator’s stock valued at $324,000 after purchasing an additional 47 shares in the last quarter. Finally, Smith Chas P & Associates PA Cpas lifted its holdings in shares of Union Pacific by 3.7% in the third quarter. Smith Chas P & Associates PA Cpas now owns 1,384 shares of the railroad operator’s stock valued at $282,000 after purchasing an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

UNP has been the topic of several analyst reports. Sanford C. Bernstein raised shares of Union Pacific from a “market perform” rating to an “outperform” rating and set a $280.00 price target on the stock in a research note on Monday, January 22nd. JPMorgan Chase & Co. dropped their price target on shares of Union Pacific from $239.00 to $237.00 and set a “neutral” rating on the stock in a research note on Friday, January 26th. Benchmark reissued a “buy” rating and set a $260.00 price objective on shares of Union Pacific in a report on Friday, January 26th. Susquehanna raised their price objective on shares of Union Pacific from $245.00 to $255.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, BMO Capital Markets lifted their price target on shares of Union Pacific from $270.00 to $275.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $251.33.

Insider Transactions at Union Pacific

In related news, President Elizabeth F. Whited sold 3,750 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $250.00, for a total transaction of $937,500.00. Following the completion of the transaction, the president now directly owns 56,682 shares in the company, valued at approximately $14,170,500. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.28% of the stock is owned by corporate insiders.

Union Pacific Trading Up 0.5 %

Shares of Union Pacific stock traded up $1.30 during trading on Thursday, hitting $245.93. The stock had a trading volume of 2,265,896 shares, compared to its average volume of 2,366,143. The stock has a 50 day simple moving average of $247.65 and a 200 day simple moving average of $230.50. Union Pacific Co. has a 1 year low of $190.37 and a 1 year high of $258.66. The company has a market capitalization of $149.96 billion, a PE ratio of 23.53, a P/E/G ratio of 2.62 and a beta of 1.07. The company has a quick ratio of 0.67, a current ratio of 0.81 and a debt-to-equity ratio of 2.11.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, January 25th. The railroad operator reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.56 by $0.15. Union Pacific had a net margin of 26.45% and a return on equity of 46.87%. The firm had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.05 billion. During the same period in the previous year, the firm posted $2.67 earnings per share. The firm’s revenue was down .3% on a year-over-year basis. On average, research analysts expect that Union Pacific Co. will post 10.94 EPS for the current fiscal year.

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, February 29th will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Wednesday, February 28th. Union Pacific’s payout ratio is presently 49.71%.

About Union Pacific

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.