Sugarloaf Wealth Management LLC Acquires 64 Shares of Union Pacific Co. (NYSE:UNP)

Sugarloaf Wealth Management LLC grew its holdings in shares of Union Pacific Co. (NYSE:UNP) by 27.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 298 shares of the railroad operator’s stock after acquiring an additional 64 shares during the quarter. Sugarloaf Wealth Management LLC’s holdings in Union Pacific were worth $73,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Richardson Capital Management LLC bought a new position in Union Pacific in the first quarter valued at $26,000. Raleigh Capital Management Inc. boosted its holdings in shares of Union Pacific by 211.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 109 shares of the railroad operator’s stock worth $27,000 after purchasing an additional 74 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new position in shares of Union Pacific during the 2nd quarter valued at about $28,000. Scarborough Advisors LLC purchased a new position in shares of Union Pacific during the 4th quarter valued at about $29,000. Finally, Cultivar Capital Inc. bought a new stake in Union Pacific in the 2nd quarter worth approximately $27,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on UNP. Susquehanna increased their price target on shares of Union Pacific from $250.00 to $260.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada increased their target price on shares of Union Pacific from $275.00 to $288.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Benchmark reiterated a “buy” rating and issued a $266.00 target price on shares of Union Pacific in a research report on Monday, July 29th. Daiwa America lowered shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Finally, Stifel Nicolaus decreased their price objective on Union Pacific from $267.00 to $265.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $259.32.

Union Pacific Stock Performance

Shares of UNP stock opened at $237.56 on Wednesday. The firm has a market capitalization of $144.72 billion, a price-to-earnings ratio of 22.67, a PEG ratio of 2.20 and a beta of 1.05. The stock has a fifty day moving average of $246.08 and a 200 day moving average of $238.68. Union Pacific Co. has a 52 week low of $199.97 and a 52 week high of $258.66. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.89.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, July 25th. The railroad operator reported $2.74 EPS for the quarter, topping the consensus estimate of $2.71 by $0.03. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The firm had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $6.05 billion. During the same period last year, the company posted $2.57 EPS. The company’s quarterly revenue was up .7% compared to the same quarter last year. As a group, research analysts expect that Union Pacific Co. will post 11.1 earnings per share for the current year.

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 30th were issued a dividend of $1.34 per share. This is an increase from Union Pacific’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Friday, August 30th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.26%. Union Pacific’s dividend payout ratio is 51.15%.

Insider Transactions at Union Pacific

In related news, President Elizabeth F. Whited sold 3,552 shares of Union Pacific stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total transaction of $875,887.68. Following the sale, the president now directly owns 64,945 shares in the company, valued at $16,014,787.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.28% of the company’s stock.

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.