Gateway Investment Advisers LLC Boosts Stock Position in Union Pacific Co. (NYSE:UNP)

Posted by on Mar 24th, 2023

Gateway Investment Advisers LLC grew its holdings in Union Pacific Co. (NYSE:UNP – Get Rating) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,147 shares of the railroad operator’s stock after buying an additional 96 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Union Pacific were worth $2,515,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Chilton Capital Management LLC purchased a new stake in shares of Union Pacific during the second quarter worth approximately $40,000. Power Corp of Canada purchased a new stake in shares of Union Pacific during the first quarter worth approximately $40,000. SJS Investment Consulting Inc. purchased a new stake in Union Pacific in the 3rd quarter valued at $44,000. Ten Capital Wealth Advisors LLC grew its holdings in Union Pacific by 162.9% in the 3rd quarter. Ten Capital Wealth Advisors LLC now owns 234 shares of the railroad operator’s stock valued at $46,000 after buying an additional 145 shares in the last quarter. Finally, Newfound Research LLC grew its holdings in Union Pacific by 48.7% in the 3rd quarter. Newfound Research LLC now owns 336 shares of the railroad operator’s stock valued at $65,000 after buying an additional 110 shares in the last quarter. 77.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Elizabeth F. Whited sold 2,500 shares of the stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $213.00, for a total value of $532,500.00. Following the transaction, the executive vice president now owns 39,080 shares in the company, valued at approximately $8,324,040. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.28% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Susquehanna upped their target price on Union Pacific from $215.00 to $218.00 in a report on Wednesday, January 25th. Raymond James dropped their target price on Union Pacific from $244.00 to $235.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 25th. Wells Fargo & Company dropped their target price on Union Pacific from $205.00 to $200.00 and set an “equal weight” rating for the company in a report on Wednesday, January 4th. Royal Bank of Canada raised Union Pacific from an “underperform” rating to a “sector perform” rating and upped their price target for the company from $191.00 to $210.00 in a research note on Monday, February 27th. Finally, TD Securities decreased their price target on Union Pacific from $230.00 to $225.00 and set a “hold” rating on the stock in a research note on Wednesday, January 25th. Thirteen investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Union Pacific presently has an average rating of “Hold” and a consensus target price of $218.60.

Union Pacific Price Performance

Shares of NYSE UNP opened at $186.20 on Friday. The stock’s 50-day moving average is $202.37 and its two-hundred day moving average is $205.93. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.72 and a quick ratio of 0.58. Union Pacific Co. has a 1-year low of $183.69 and a 1-year high of $278.94. The company has a market cap of $113.93 billion, a price-to-earnings ratio of 16.60, a price-to-earnings-growth ratio of 1.66 and a beta of 1.10.

Union Pacific (NYSE:UNP – Get Rating) last issued its quarterly earnings results on Tuesday, January 24th. The railroad operator reported $2.67 earnings per share for the quarter, missing the consensus estimate of $2.75 by ($0.08). Union Pacific had a return on equity of 58.41% and a net margin of 28.13%. The company had revenue of $6.18 billion for the quarter, compared to analysts’ expectations of $6.26 billion. During the same quarter last year, the company earned $2.66 EPS. Union Pacific’s revenue for the quarter was up 7.8% compared to the same quarter last year. Analysts forecast that Union Pacific Co. will post 11.43 EPS for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Tuesday, February 28th will be issued a $1.30 dividend. The ex-dividend date of this dividend is Monday, February 27th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.79%. Union Pacific’s payout ratio is currently 46.35%.

Union Pacific Profile

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Union Pacific Corp. engages in the provision of railroad and freight transportation services. The company was founded in 1969 and is headquartered in Omaha, NE.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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