Everstar Asset Management LLC Makes New $1.63 Million Investment in Union Pacific Corporation $UNP

Everstar Asset Management LLC acquired a new position in shares of Union Pacific Corporation (NYSE:UNP) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 7,034 shares of the railroad operator’s stock, valued at approximately $1,627,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Stephens Consulting LLC raised its holdings in Union Pacific by 48.4% during the 4th quarter. Stephens Consulting LLC now owns 135 shares of the railroad operator’s stock worth $31,000 after buying an additional 44 shares during the period. Prestige Wealth Management Group LLC raised its holdings in Union Pacific by 1.4% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 3,186 shares of the railroad operator’s stock worth $753,000 after buying an additional 45 shares during the period. U.S. Capital Wealth Advisors LLC raised its holdings in Union Pacific by 0.9% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 4,988 shares of the railroad operator’s stock worth $1,154,000 after buying an additional 45 shares during the period. Keebeck Wealth Management raised its holdings in Union Pacific by 1.7% during the 3rd quarter. Keebeck Wealth Management now owns 2,691 shares of the railroad operator’s stock worth $636,000 after buying an additional 45 shares during the period. Finally, CFO4Life Group LLC raised its holdings in Union Pacific by 1.2% during the 3rd quarter. CFO4Life Group LLC now owns 3,754 shares of the railroad operator’s stock worth $887,000 after buying an additional 46 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Insider Activity

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

Union Pacific Stock Up 0.5%

Shares of Union Pacific stock opened at $270.58 on Friday. The firm has a market cap of $160.65 billion, a price-to-earnings ratio of 22.29, a P/E/G ratio of 2.86 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. Union Pacific Corporation has a 52-week low of $210.84 and a 52-week high of $274.79. The stock has a 50-day simple moving average of $252.29 and a 200-day simple moving average of $242.06.

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

Union Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders 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 dividend yield of 2.0%. The ex-dividend date is Friday, May 29th. Union Pacific’s payout ratio is currently 45.47%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on UNP. TD Cowen lifted their target price on Union Pacific from $256.00 to $282.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Barclays reaffirmed an “overweight” rating and set a $315.00 target price (up from $285.00) on shares of Union Pacific in a research note on Friday, April 24th. Evercore reaffirmed an “outperform” rating and set a $277.00 target price on shares of Union Pacific in a research note on Friday, April 24th. Royal Bank Of Canada reiterated an “outperform” rating and set a $289.00 price target (up from $273.00) on shares of Union Pacific in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. lifted their price target on Union Pacific from $267.00 to $275.00 and gave the company a “neutral” rating in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $280.47.

Union Pacific Company 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.