Gabelli Funds LLC Invests $350,000 in Union Pacific Co. (NYSE:UNP)

Gabelli Funds LLC acquired a new position in shares of Union Pacific Co. (NYSE:UNPFree Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 1,720 shares of the railroad operator’s stock, valued at approximately $350,000.

Several other institutional investors have also modified their holdings of the company. Park Place Capital Corp lifted its position in shares of Union Pacific by 1.2% during the 2nd quarter. Park Place Capital Corp now owns 3,893 shares of the railroad operator’s stock worth $797,000 after purchasing an additional 45 shares during the last quarter. Vivaldi Capital Management LP raised its stake in Union Pacific by 3.1% during the 2nd quarter. Vivaldi Capital Management LP now owns 1,585 shares of the railroad operator’s stock worth $324,000 after acquiring an additional 47 shares in the last quarter. Smith Chas P & Associates PA Cpas raised its stake in Union Pacific by 3.7% during the 3rd quarter. Smith Chas P & Associates PA Cpas now owns 1,384 shares of the railroad operator’s stock worth $282,000 after acquiring an additional 49 shares in the last quarter. Eley Financial Management Inc raised its stake in Union Pacific by 0.3% during the 2nd quarter. Eley Financial Management Inc now owns 18,735 shares of the railroad operator’s stock worth $3,834,000 after acquiring an additional 50 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC raised its stake in Union Pacific by 6.3% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 840 shares of the railroad operator’s stock worth $172,000 after acquiring an additional 50 shares in the last quarter. 77.36% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Vincenzo J. Vena acquired 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were purchased at an average price of $222.00 per share, with a total value of $999,000.00. Following the completion of the acquisition, the chief executive officer now owns 5,106 shares in the company, valued at $1,133,532. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Union Pacific news, CFO Jennifer L. Hamann sold 1,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $235.00, for a total value of $235,000.00. Following the sale, the chief financial officer now owns 98,297 shares of the company’s stock, valued at $23,099,795. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Vincenzo J. Vena purchased 4,500 shares of Union Pacific stock in a transaction on Tuesday, November 21st. The stock was acquired at an average cost of $222.00 per share, for a total transaction of $999,000.00. Following the acquisition, the chief executive officer now directly owns 5,106 shares of the company’s stock, valued at $1,133,532. The disclosure for this purchase can be found here. 0.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Raymond James lifted their price target on shares of Union Pacific from $240.00 to $275.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, January 16th. Royal Bank of Canada cut 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 note on Friday, January 26th. BMO Capital Markets lifted their price target on shares of Union Pacific from $270.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. JPMorgan Chase & Co. cut their price target on shares of Union Pacific from $239.00 to $237.00 and set a “neutral” rating on the stock in a research note on Friday, January 26th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Union Pacific from a “hold” rating to a “buy” rating and lifted their price objective for the company from $223.00 to $235.00 in a research note on Friday, October 20th. Seven analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Union Pacific currently has an average rating of “Moderate Buy” and a consensus price target of $249.67.

Get Our Latest Report on UNP

Union Pacific Trading Up 0.3 %

Shares of Union Pacific stock opened at $249.45 on Monday. Union Pacific Co. has a 52-week low of $183.69 and a 52-week high of $251.65. The company has a quick ratio of 0.57, a current ratio of 0.81 and a debt-to-equity ratio of 2.11. The company’s 50-day simple moving average is $241.15 and its 200-day simple moving average is $224.92. The firm has a market cap of $152.06 billion, a price-to-earnings ratio of 23.85, a price-to-earnings-growth ratio of 2.71 and a beta of 1.08.

Union Pacific (NYSE:UNPGet Free Report) last issued its quarterly earnings results on Thursday, January 25th. The railroad operator reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.15. The business had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.05 billion. Union Pacific had a net margin of 26.45% and a return on equity of 46.87%. The business’s revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.67 earnings per share. As a group, equities research analysts anticipate that Union Pacific Co. will post 10.96 earnings per share for the current year.

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, February 29th will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Wednesday, February 28th. Union Pacific’s dividend payout ratio is currently 49.71%.

About Union Pacific

(Free Report)

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, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.

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

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