Old Mutual Global Investors UK Ltd. reduced its position in Union Pacific Co. (NYSE:UNP) by 11.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,527 shares of the railroad operator’s stock after selling 5,475 shares during the period. Old Mutual Global Investors UK Ltd.’s holdings in Union Pacific were worth $5,836,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UNP. Vanguard Group Inc. boosted its position in Union Pacific by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 61,505,708 shares of the railroad operator’s stock valued at $6,698,588,000 after purchasing an additional 1,146,109 shares during the period. BlackRock Inc. boosted its position in Union Pacific by 0.3% during the 2nd quarter. BlackRock Inc. now owns 50,764,821 shares of the railroad operator’s stock worth $5,528,796,000 after acquiring an additional 141,521 shares during the period. FMR LLC boosted its position in Union Pacific by 84.6% during the 2nd quarter. FMR LLC now owns 9,603,068 shares of the railroad operator’s stock worth $1,045,870,000 after acquiring an additional 4,399,980 shares during the period. TIAA CREF Investment Management LLC boosted its position in Union Pacific by 0.6% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 7,948,391 shares of the railroad operator’s stock worth $865,659,000 after acquiring an additional 46,298 shares during the period. Finally, Capital World Investors boosted its position in Union Pacific by 0.7% during the 2nd quarter. Capital World Investors now owns 7,328,002 shares of the railroad operator’s stock worth $798,093,000 after acquiring an additional 50,000 shares during the period. 79.94% of the stock is currently owned by institutional investors and hedge funds.
In other Union Pacific news, CFO Robert M. Knight, Jr. sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 20th. The stock was sold at an average price of $137.39, for a total value of $3,434,750.00. Following the completion of the transaction, the chief financial officer now owns 106,518 shares of the company’s stock, valued at approximately $14,634,508.02. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Elizabeth F. Whited sold 15,576 shares of the company’s stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of $133.79, for a total value of $2,083,913.04. Following the completion of the transaction, the executive vice president now directly owns 65,613 shares of the company’s stock, valued at approximately $8,778,363.27. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by insiders.
UNP opened at $130.28 on Friday. Union Pacific Co. has a 52-week low of $101.06 and a 52-week high of $143.05. The company has a quick ratio of 0.83, a current ratio of 1.02 and a debt-to-equity ratio of 0.65. The stock has a market cap of $103,569.63, a PE ratio of 22.50, a P/E/G ratio of 1.64 and a beta of 0.79.
Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, January 25th. The railroad operator reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.54 by ($0.01). Union Pacific had a return on equity of 22.26% and a net margin of 50.43%. The business had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same period in the prior year, the firm posted $1.39 EPS. Union Pacific’s revenue for the quarter was up 5.5% on a year-over-year basis. equities research analysts forecast that Union Pacific Co. will post 7.58 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Wednesday, February 28th were given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend was Tuesday, February 27th. This is a boost from Union Pacific’s previous quarterly dividend of $0.67. Union Pacific’s payout ratio is currently 50.43%.
A number of brokerages have issued reports on UNP. Zacks Investment Research upgraded Union Pacific from a “hold” rating to a “buy” rating and set a $157.00 price target for the company in a research report on Monday, January 15th. Scotiabank set a $150.00 price objective on Union Pacific and gave the stock a “hold” rating in a research note on Thursday, January 11th. Daiwa Capital Markets raised Union Pacific from a “hold” rating to an “outperform” rating in a research note on Thursday, January 11th. BMO Capital Markets reaffirmed a “buy” rating and set a $150.00 target price on shares of Union Pacific in a research report on Monday, January 8th. Finally, UBS raised Union Pacific from a “neutral” rating to a “buy” rating in a research report on Friday, January 5th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the stock. Union Pacific has an average rating of “Hold” and a consensus price target of $136.10.
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Union Pacific Company Profile
Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.
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