Ingalls & Snyder LLC Reduces Stake in Union Pacific Co.

Ingalls & Snyder LLC has reduced its investment in Union Pacific Co. (NYSE:UNP) by 3.7% in the fourth quarter, as reported in its latest 13F filing with the Securities and Exchange Commission (SEC). Following the sale of 1,916 shares during this period, the firm now holds a total of 50,510 shares of the railroad company's stock. At the end of the most recent quarter, Ingalls & Snyder LLC valued its holdings in Union Pacific at approximately $11,518,000.

Recent Changes from Other Investors

Other hedge funds have also adjusted their positions in Union Pacific recently. For instance, Consolidated Planning Corp increased its stake by 3.5% in the fourth quarter, owning 25,813 shares valued at $5,886,000 after acquiring 867 additional shares. Naples Global Advisors LLC raised its investment by 1.6%, now holding 9,808 shares valued at $2,237,000 after purchasing 153 more shares. Similarly, Values First Advisors Inc. increased its stake by a remarkable 217.8%, now owning 1,341 shares valued at $306,000 after buying 919 shares. Allspring Global Investments Holdings LLC also boosted its investment by 21.7% with a total of 77,383 shares valued at $17,729,000 after an addition of 13,818 shares. Lastly, Avidian Wealth Enterprises LLC raised its stake by 6.9%, holding 3,936 shares valued at $898,000 after purchasing 254 additional shares. Notably, institutional investors hold 80.38% of the company's stock.

Union Pacific Stock Performance

On Thursday, Union Pacific shares opened at $248.49. The stock boasts a market capitalization of $150.65 billion, a P/E ratio of 22.41, a price-to-earnings-growth ratio of 2.11, and a beta of 1.06. Union Pacific has experienced a one-year low of $218.55 and a high of $258.66. The 50-day simple moving average for the stock stands at $235.43, while the 200-day average is $240.31. The company reports a current ratio of 0.77, a quick ratio of 0.63, and a debt-to-equity ratio of 1.76.

Dividend Announcement

Recently, Union Pacific announced a quarterly dividend that will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th, are set to receive a dividend of $1.34 per share. The ex-dividend date is also set for Friday, February 28th. This dividend translates to an annualized payout of $5.36, demonstrating a yield of 2.16%. The company's payout ratio stands at 48.33%.

Analyst Ratings Overview

In recent analyst evaluations, multiple reports have emerged regarding Union Pacific. JPMorgan Chase & Co. recently adjusted its target price from $263.00 to $252.00, maintaining a "neutral" rating for the company. Conversely, Guggenheim raised its target price from $266.00 to $275.00, rating it as "buy." Barclays also elevated its target from $275.00 to $285.00, giving the stock an "overweight" rating. Benchmark increased its objective from $266.00 to $275.00, marking it as a "buy" too. Lastly, BMO Capital Markets adjusted its price target from $275.00 to $277.00 while rating the stock as "outperform." One analyst issued a sell rating, seven maintained a hold rating, twelve gave it a buy rating, and one indicated a strong buy, culminating in an average rating of "Moderate Buy" with a consensus price target of $261.40.

Insider Trading Activity

In related news, insider activity at Union Pacific has also been noteworthy. On January 27th, EVP Craig V. Richardson sold 6,495 shares in a transaction worth about $1,636,740, with the shares sold at an average price of $252. After this sale, he holds 26,319 shares valued at approximately $6,632,388. This sale corresponds to a 19.79% decrease in his ownership. Furthermore, President Elizabeth F. Whited sold 7,500 shares at an average price of $250, amounting to a total of $1,875,000. Post-transaction, she retains 64,960 shares valued at $16,240,000, reflecting a decrease of 10.35% in her stake. Currently, insiders hold 0.28% of the stock.

Company Overview

Union Pacific Corporation, through its subsidiary, the Union Pacific Railroad Company, operates in the railroad sector across the United States. The company provides transportation services for a variety of goods, including grain and grain products, fertilizers, food, coal, and renewables. It also handles construction materials, industrial chemicals, metals, and automobiles, among others.

Conclusion

As the market evolves and investors adjust their positions, Union Pacific remains a significant player in the railroad sector, demonstrating stability through dividends and performance amid analyst evaluations. Understanding its investment landscape, including insider activities and institutional stakes, can provide investors a clearer perspective on future opportunities.

Union, Pacific, Investment