COFG Advisors LLC Makes New Investment in Union Pacific Corporation $UNP

COFG Advisors LLC acquired a new position in shares of Union Pacific Corporation (NYSE:UNP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,167 shares of the railroad operator’s stock, valued at approximately $1,658,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tucker Asset Management LLC bought a new stake in Union Pacific in the fourth quarter valued at about $25,000. Rachor Investment Advisory Services LLC bought a new stake in Union Pacific during the fourth quarter worth about $25,000. Caitlin John LLC bought a new stake in Union Pacific during the third quarter worth about $27,000. Saranac Partners Ltd bought a new stake in Union Pacific during the third quarter worth about $27,000. Finally, High Point Wealth Management LLC bought a new stake in Union Pacific during the fourth quarter worth about $26,000. Institutional investors own 80.38% of the company’s stock.

Insider Activity at Union Pacific

In related news, EVP Eric J. Gehringer sold 1,999 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $234.93, for a total value of $469,625.07. The sale 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 firm’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $274.70, for a total transaction of $549,400.00. Following the sale, the chief financial officer owned 114,642 shares in the company, valued at approximately $31,492,157.40. The trade was a 1.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 31,386 shares of company stock worth $8,461,716. 0.22% of the stock is owned by company insiders.

Union Pacific Trading Up 0.3%

Shares of NYSE UNP opened at $263.31 on Tuesday. The company’s 50 day simple moving average is $257.15 and its 200 day simple moving average is $245.98. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.92 and a quick ratio of 0.73. The firm has a market capitalization of $156.33 billion, a P/E ratio of 21.69, a P/E/G ratio of 2.79 and a beta of 0.97. Union Pacific Corporation has a fifty-two week low of $210.84 and a fifty-two week high of $279.70.

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

Union Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be given a $1.38 dividend. The ex-dividend date is Friday, May 29th. This represents a $5.52 annualized dividend and a dividend yield of 2.1%. Union Pacific’s payout ratio is currently 45.47%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Benchmark upped their target price on shares of Union Pacific from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Sanford C. Bernstein upped their target price on shares of Union Pacific from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. Citigroup reiterated a “buy” rating and set a $307.00 target price (up from $285.00) on shares of Union Pacific in a research report on Friday, April 24th. JPMorgan Chase & Co. upped their target price on shares of Union Pacific from $267.00 to $275.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Finally, TD Cowen upped their target price on shares of Union Pacific from $256.00 to $282.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. One research 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 company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $280.47.

About Union Pacific

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.