2,679 Shares in Union Pacific Corporation $UNP Purchased by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management purchased a new stake in Union Pacific Corporation (NYSE:UNP) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 2,679 shares of the railroad operator’s stock, valued at approximately $620,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Midwest Trust Co raised its holdings in shares of Union Pacific by 2.8% in the third quarter. Midwest Trust Co now owns 281,036 shares of the railroad operator’s stock valued at $66,428,000 after purchasing an additional 7,759 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in Union Pacific by 15.1% during the third quarter. Thrivent Financial for Lutherans now owns 135,188 shares of the railroad operator’s stock worth $31,955,000 after purchasing an additional 17,696 shares during the last quarter. Bessemer Group Inc. boosted its holdings in Union Pacific by 29.6% during the third quarter. Bessemer Group Inc. now owns 653,589 shares of the railroad operator’s stock worth $154,488,000 after purchasing an additional 149,158 shares during the last quarter. AustralianSuper Pty Ltd bought a new stake in Union Pacific in the 3rd quarter worth about $802,000. Finally, Berman McAleer LLC bought a new stake in Union Pacific in the 3rd quarter worth about $1,036,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Insiders Place Their Bets

In other Union Pacific news, CFO Jennifer L. Hamann sold 2,000 shares of the business’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $274.70, for a total value of $549,400.00. Following the sale, 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Eric J. Gehringer sold 1,999 shares of the company’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $234.93, for a total value of $469,625.07. The SEC filing for this sale provides additional information. Insiders sold 31,386 shares of company stock valued at $8,461,716 over the last ninety days. 0.22% of the stock is currently owned by insiders.

Union Pacific Stock Performance

Shares of UNP stock opened at $265.60 on Friday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.73 and a current ratio of 0.92. The firm has a market cap of $157.69 billion, a price-to-earnings ratio of 21.88, a P/E/G ratio of 2.82 and a beta of 0.99. Union Pacific Corporation has a 52 week low of $210.84 and a 52 week high of $276.40. The firm’s 50-day simple moving average is $253.50 and its two-hundred day simple moving average is $243.67.

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

Union Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, May 29th. Union Pacific’s dividend payout ratio is 45.47%.

Wall Street Analysts Forecast Growth

UNP has been the topic of several recent analyst reports. Raymond James Financial set a $310.00 target price on shares of Union Pacific in a research report on Friday, April 24th. Evercore reaffirmed an “outperform” rating and issued a $277.00 target price on shares of Union Pacific in a report on Friday, April 24th. Robert W. Baird set a $311.00 price target on Union Pacific and gave the company an “outperform” rating in a research report on Friday, March 6th. UBS Group reiterated a “neutral” rating and set a $274.00 price target (up from $253.00) on shares of Union Pacific in a report on Friday, April 24th. Finally, BMO Capital Markets reissued 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. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $280.47.

About Union Pacific

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.