NewEdge Wealth LLC Has $18.60 Million Holdings in Union Pacific Co. (NYSE:UNP)

NewEdge Wealth LLC boosted its stake in Union Pacific Co. (NYSE:UNP - Free Report) by 6.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 75,719 shares of the railroad operator's stock after purchasing an additional 4,393 shares during the quarter. NewEdge Wealth LLC's holdings in Union Pacific were worth $18,598,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of UNP. MAS Advisors LLC bought a new position in shares of Union Pacific in the first quarter valued at $233,000. Roundview Capital LLC lifted its stake in shares of Union Pacific by 3.8% in the first quarter. Roundview Capital LLC now owns 16,608 shares of the railroad operator's stock valued at $4,537,000 after buying an additional 614 shares in the last quarter. Dakota Wealth Management bought a new position in shares of Union Pacific in the first quarter valued at $569,000. Candriam Luxembourg S.C.A. lifted its stake in shares of Union Pacific by 3.7% in the first quarter. Candriam Luxembourg S.C.A. now owns 47,144 shares of the railroad operator's stock valued at $12,880,000 after buying an additional 1,664 shares in the last quarter. Finally, Mather Group LLC. lifted its position in shares of Union Pacific by 10.1% during the first quarter. Mather Group LLC. now owns 1,745 shares of the railroad operator's stock valued at $477,000 after purchasing an additional 160 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on UNP shares. Royal Bank of Canada dropped their price target on shares of Union Pacific from $282.00 to $272.00 and set an "outperform" rating on the stock in a research report on Friday, January 26th. BMO Capital Markets raised their price target on shares of Union Pacific from $270.00 to $275.00 and gave the company an "outperform" rating in a research report on Friday, January 26th. Benchmark raised their price target on shares of Union Pacific from $260.00 to $266.00 and gave the company a "buy" rating in a research report on Wednesday. JPMorgan Chase & Co. raised their price target on shares of Union Pacific from $237.00 to $243.00 and gave the company a "neutral" rating in a research report on Tuesday. Finally, Jefferies Financial Group started coverage on shares of Union Pacific in a research report on Monday. They set a "hold" rating and a $250.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $253.48.

Union Pacific Price Performance

NYSE:UNP traded down $1.70 during mid-day trading on Friday, hitting $234.46. 2,594,960 shares of the stock traded hands, compared to its average volume of 2,321,907. The business's 50-day moving average price is $247.31 and its 200 day moving average price is $232.59. The company has a market cap of $143.04 billion, a PE ratio of 22.47, a price-to-earnings-growth ratio of 2.57 and a beta of 1.07. Union Pacific Co. has a 12-month low of $190.37 and a 12-month high of $258.66. 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 - Get Free Report) last released its quarterly earnings results on Thursday, January 25th. The railroad operator reported $2.71 EPS for the quarter, topping 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 business had revenue of $6.16 billion during the quarter, compared to analysts' expectations of $6.05 billion. During the same quarter in the previous year, the company earned $2.67 EPS. The business's quarterly revenue was down .3% compared to the same quarter last year. On average, analysts expect that Union Pacific Co. will post 10.98 EPS for the current fiscal year.

Union Pacific Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 29th were paid a $1.30 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $5.20 dividend on an annualized basis and a yield of 2.22%. Union Pacific's dividend payout ratio is presently 49.71%.

Insiders Place Their Bets

In other news, President Elizabeth F. Whited sold 3,750 shares of the business's stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $250.00, for a total value of $937,500.00. Following the completion of the sale, the president now directly owns 56,682 shares in the company, valued at approximately $14,170,500. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.28% of the company's stock.

Union Pacific 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.