Ingalls & Snyder LLC Reduces Stake in Union Pacific Co.

Ingalls & Snyder LLC reduced its investment in Union Pacific Co. (NYSE:UNP) by 3.7% during the fourth quarter, based on its latest 13F filing with the Securities and Exchange Commission (SEC). After selling 1,916 shares in that quarter, the institutional investor now holds 50,510 shares of the railroad company. The value of Ingalls & Snyder LLC's holdings in Union Pacific at the end of the last quarter was approximately $11,518,000.

Recent actions by other hedge funds also indicate movements in Union Pacific's stock. Consolidated Planning Corp increased its stake by 3.5% during the fourth quarter, owning 25,813 shares valued at $5,886,000 after purchasing an additional 867 shares. Similarly, Naples Global Advisors LLC enhanced its investment by 1.6%, now owning 9,808 shares valued at $2,237,000 after buying 153 more shares last quarter. Notably, Values First Advisors Inc. raised its stake by a significant 217.8%, acquiring 1,341 shares valued at $306,000 after a purchase of 919 shares. Additionally, Allspring Global Investments Holdings LLC increased its position by 21.7%, totaling 77,383 shares with a value of $17,729,000 after adding 13,818 shares. Finally, Avidian Wealth Enterprises LLC upped its stake by 6.9%, owning 3,936 shares valued at $898,000 after acquiring 254 shares last quarter. Institutional investors collectively own around 80.38% of the company's stock.

Union Pacific's Market Performance

As of Thursday, Union Pacific's stock opened at $248.49. The company has a market capitalization of $150.65 billion and a price-to-earnings (P/E) ratio of 22.41. It has had a price-to-earnings-growth ratio of 2.11 and a beta of 1.06. Over the past year, Union Pacific's stock reached a low of $218.55 and a high of $258.66. The stock also has a 50-day simple moving average of $235.43 and a 200-day simple moving average of $240.31. Union Pacific's current ratio stands at 0.77, quick ratio at 0.63, and the debt-to-equity ratio is 1.76.

Dividend and Earnings Update

Union Pacific also announced a quarterly dividend, scheduled for payment on Monday, March 31st. Shareholders on record as of Friday, February 28th, will receive a dividend of $1.34 per share, with the ex-dividend date being the same day. This results in an annualized dividend of $5.36, providing a yield of 2.16%. The company's payout ratio is reported at 48.33%.

Analyst Ratings and Insider Trading

In terms of analyst ratings, several firms have updated their views on Union Pacific. On October 25th, JPMorgan Chase & Co. lowered its target price from $263.00 to $252.00, maintaining a "neutral" rating. Guggenheim increased its price target from $266.00 to $275.00, assigning a "buy" rating. Barclays raised its target from $275.00 to $285.00 and rated the company as "overweight." Benchmark also increased its price goal from $266.00 to $275.00 with a "buy" rating. BMO Capital Markets upgraded its price target from $275.00 to $277.00, giving an "outperform" rating. The current consensus indicates one sell rating, seven hold ratings, twelve buy ratings, and one strong buy rating for the company, leading to an average rating of "Moderate Buy" with a consensus target of $261.40.

In insider activity, EVP Craig V. Richardson sold 6,495 shares on January 27th for an average price of $252.00, totaling about $1,636,740. Following this sale, he holds 26,319 shares valued at around $6,632,388, marking a 19.79% decrease in holdings. Similarly, President Elizabeth F. Whited sold 7,500 shares on January 24th for an average of $250.00, achieving $1,875,000 from the sale. She now owns 64,960 shares valued at $16,240,000, showing a decrease of 10.35%. Company insiders currently own 0.28% of the stock.

About Union Pacific

Union Pacific Corporation, through its subsidiary Union Pacific Railroad Company, operates in the railroad sector within the United States. It provides transportation services for various products, including grains, food, fertilizers, coal, renewable energy resources, and construction materials. Its clientele includes grain processors, animal feeders, and numerous industrial sectors requiring logistical support for their goods.

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