Union Pacific Co. (NYSE:UNP) Shares Bought by Patten & Patten Inc. TN

Patten & Patten Inc. TN grew its stake in shares of Union Pacific Co. (NYSE:UNPFree Report) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,487 shares of the railroad operator’s stock after acquiring an additional 196 shares during the period. Patten & Patten Inc. TN’s holdings in Union Pacific were worth $1,593,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Personal CFO Solutions LLC grew its holdings in Union Pacific by 39.3% during the 3rd quarter. Personal CFO Solutions LLC now owns 1,407 shares of the railroad operator’s stock worth $287,000 after acquiring an additional 397 shares in the last quarter. Nordea Investment Management AB grew its holdings in Union Pacific by 46.9% during the 4th quarter. Nordea Investment Management AB now owns 87,905 shares of the railroad operator’s stock worth $21,596,000 after acquiring an additional 28,052 shares in the last quarter. Procyon Advisors LLC lifted its position in shares of Union Pacific by 48.3% in the 4th quarter. Procyon Advisors LLC now owns 18,512 shares of the railroad operator’s stock worth $4,547,000 after buying an additional 6,031 shares during the last quarter. Advisor Resource Council bought a new position in shares of Union Pacific in the 4th quarter worth about $606,000. Finally, Columbia Trust Co 01012016 lifted its position in shares of Union Pacific by 9.6% in the 4th quarter. Columbia Trust Co 01012016 now owns 3,577 shares of the railroad operator’s stock worth $879,000 after buying an additional 312 shares during the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, President Elizabeth F. Whited sold 3,750 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $250.00, for a total transaction of $937,500.00. Following the completion of the sale, the president now directly owns 56,682 shares of the company’s stock, valued at $14,170,500. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on UNP shares. Susquehanna raised their price target on shares of Union Pacific from $245.00 to $255.00 and gave the stock a “neutral” rating in a research report on Thursday, March 28th. UBS Group raised their price target on shares of Union Pacific from $235.00 to $248.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. Sanford C. Bernstein upgraded 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 report on Monday, January 22nd. StockNews.com downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Monday, March 18th. Finally, BMO Capital Markets raised their price target on shares of Union Pacific from $270.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Seven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Union Pacific has an average rating of “Moderate Buy” and a consensus price target of $251.33.

Check Out Our Latest Analysis on UNP

Union Pacific Stock Performance

NYSE:UNP opened at $242.61 on Wednesday. The company has a 50-day moving average of $247.93 and a 200-day moving average of $231.50. The firm has a market cap of $148.02 billion, a price-to-earnings ratio of 23.19, a price-to-earnings-growth ratio of 2.64 and a beta of 1.07. The company has a current ratio of 0.81, a quick ratio of 0.67 and a debt-to-equity ratio of 2.11. Union Pacific Co. has a twelve month low of $190.37 and a twelve month high of $258.66.

Union Pacific (NYSE:UNPGet Free Report) last issued its earnings results on Thursday, January 25th. The railroad operator reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.56 by $0.15. The firm had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.05 billion. Union Pacific had a net margin of 26.45% and a return on equity of 46.87%. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period last year, the firm posted $2.67 earnings per share. Analysts forecast that Union Pacific Co. will post 10.94 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 29th were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend was Wednesday, February 28th. Union Pacific’s dividend payout ratio (DPR) is presently 49.71%.

Union Pacific Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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