Legacy Financial Advisors Inc. Increases Position in Union Pacific Co. (NYSE:UNP)

Legacy Financial Advisors Inc. grew its holdings in shares of Union Pacific Co. (NYSE:UNP) by 9.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,835 shares of the railroad operator’s stock after acquiring an additional 577 shares during the period. Legacy Financial Advisors Inc.’s holdings in Union Pacific were worth $1,679,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. BluePath Capital Management LLC bought a new position in shares of Union Pacific during the third quarter valued at $25,000. Valued Wealth Advisors LLC purchased a new stake in Union Pacific during the 4th quarter valued at about $28,000. Stuart Chaussee & Associates Inc. bought a new stake in Union Pacific during the 4th quarter valued at about $36,000. Fortitude Family Office LLC purchased a new position in Union Pacific in the fourth quarter worth about $44,000. Finally, Legacy Financial Group LLC bought a new position in shares of Union Pacific in the third quarter worth approximately $83,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Insider Transactions at Union Pacific

In other news, President Elizabeth F. Whited sold 3,750 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $250.00, for a total value of $937,500.00. Following the completion of the transaction, the president now owns 56,682 shares of the company’s stock, valued at $14,170,500. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on UNP. Benchmark boosted their price objective on shares of Union Pacific from $260.00 to $266.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Evercore ISI upped their price target on Union Pacific from $271.00 to $273.00 and gave the company an “outperform” rating in a report on Friday, April 26th. JPMorgan Chase & Co. lifted their price objective on Union Pacific from $237.00 to $243.00 and gave the stock a “neutral” rating in a report on Tuesday, April 9th. Jefferies Financial Group began coverage on shares of Union Pacific in a research note on Monday, April 8th. They set a “hold” rating and a $250.00 target price on the stock. Finally, Royal Bank of Canada reduced their price target on shares of Union Pacific from $282.00 to $272.00 and set an “outperform” rating for the company in a research note on Friday, January 26th. Six analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Union Pacific presently has a consensus rating of “Moderate Buy” and a consensus target price of $259.61.

Union Pacific Stock Performance

NYSE:UNP traded up $2.67 during mid-day trading on Friday, hitting $240.36. 2,174,714 shares of the company traded hands, compared to its average volume of 2,177,795. The stock’s fifty day moving average price is $242.95 and its 200-day moving average price is $235.98. Union Pacific Co. has a one year low of $190.71 and a one year high of $258.66. The company has a quick ratio of 0.76, a current ratio of 0.93 and a debt-to-equity ratio of 1.99. The firm has a market cap of $146.65 billion, a price-to-earnings ratio of 22.94, a price-to-earnings-growth ratio of 2.55 and a beta of 1.06.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, April 25th. The railroad operator reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.19. Union Pacific had a return on equity of 44.34% and a net margin of 26.52%. The business had revenue of $6.03 billion during the quarter, compared to analyst estimates of $5.97 billion. During the same quarter in the previous year, the company posted $2.67 earnings per share. Union Pacific’s revenue for the quarter was down .4% on a year-over-year basis. Research analysts anticipate that Union Pacific Co. will post 11.21 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 29th were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend was Wednesday, February 28th. Union Pacific’s dividend payout ratio (DPR) is 49.62%.

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.