Cullinan Associates Inc. Has $4.14 Million Stock Position in Union Pacific Co. (NYSE:UNP)

Cullinan Associates Inc. lowered its holdings in Union Pacific Co. (NYSE:UNP) by 8.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,170 shares of the railroad operator’s stock after selling 1,700 shares during the quarter. Cullinan Associates Inc.’s holdings in Union Pacific were worth $4,143,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UNP. Synergy Asset Management LLC acquired a new stake in Union Pacific in the fourth quarter worth about $29,000. Catalyst Capital Advisors LLC bought a new stake in shares of Union Pacific in the 3rd quarter valued at about $30,000. Jamison Private Wealth Management Inc. raised its position in shares of Union Pacific by 265.7% in the third quarter. Jamison Private Wealth Management Inc. now owns 128 shares of the railroad operator’s stock valued at $32,000 after purchasing an additional 93 shares during the period. Peterson Financial Group Inc. bought a new stake in Union Pacific in the 3rd quarter valued at $32,000. Finally, Dunhill Financial LLC grew its position in shares of Union Pacific by 111.5% during the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the railroad operator’s stock worth $32,000 after purchasing an additional 68 shares in the last quarter. 80.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on UNP. Wells Fargo & Company reduced their price objective on Union Pacific from $267.00 to $265.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Raymond James restated a “strong-buy” rating and issued a $285.00 target price (up previously from $265.00) on shares of Union Pacific in a report on Friday, January 24th. Stifel Nicolaus lifted their target price on shares of Union Pacific from $253.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Loop Capital downgraded shares of Union Pacific from a “hold” rating to a “sell” rating and dropped their price objective for the company from $265.00 to $200.00 in a report on Monday. Finally, Royal Bank of Canada decreased their target price on Union Pacific from $288.00 to $283.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $261.40.

Union Pacific Stock Performance

Shares of NYSE UNP opened at $243.16 on Tuesday. The company has a market cap of $147.42 billion, a PE ratio of 21.93, a PEG ratio of 2.15 and a beta of 1.06. The firm’s 50-day moving average price is $235.41 and its 200-day moving average price is $240.11. Union Pacific Co. has a 52-week low of $218.55 and a 52-week high of $258.66. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.76.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, January 23rd. The railroad operator reported $2.91 EPS for the quarter, beating analysts’ consensus estimates of $2.76 by $0.15. Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. During the same quarter in the previous year, the company earned $2.71 earnings per share. As a group, analysts anticipate that Union Pacific Co. will post 12.03 EPS for the current year.

Union Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were issued a dividend of $1.34 per share. The ex-dividend date was Monday, December 9th. This represents a $5.36 dividend on an annualized basis and a yield of 2.20%. Union Pacific’s dividend payout ratio is presently 48.33%.

Insider Buying and Selling

In other news, President Elizabeth F. Whited sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $250.00, for a total value of $1,875,000.00. Following the completion of the sale, the president now owns 64,960 shares of the company’s stock, valued at approximately $16,240,000. This represents a 10.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Craig V. Richardson sold 6,495 shares of Union Pacific stock in a transaction on Monday, January 27th. The stock was sold at an average price of $252.00, for a total transaction of $1,636,740.00. Following the completion of the transaction, the executive vice president now directly owns 26,319 shares in the company, valued at $6,632,388. This represents a 19.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is owned by insiders.

Union Pacific Company Profile

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.