Union Pacific Co. (UNP) Shares Bought by King Luther Capital Management Corp

King Luther Capital Management Corp boosted its holdings in Union Pacific Co. (NYSE:UNP) by 4.3% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,133,906 shares of the railroad operator’s stock after acquiring an additional 46,351 shares during the quarter. Union Pacific accounts for about 1.3% of King Luther Capital Management Corp’s investment portfolio, making the stock its 23rd largest position. King Luther Capital Management Corp’s holdings in Union Pacific were worth $152,431,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Intact Investment Management Inc. boosted its holdings in shares of Union Pacific by 593.3% in the 1st quarter. Intact Investment Management Inc. now owns 31,200 shares of the railroad operator’s stock worth $4,193,000 after purchasing an additional 26,700 shares in the last quarter. Santa Barbara Asset Management LLC boosted its holdings in shares of Union Pacific by 18.5% in the 1st quarter. Santa Barbara Asset Management LLC now owns 1,324,292 shares of the railroad operator’s stock worth $178,025,000 after purchasing an additional 207,017 shares in the last quarter. Connecticut Wealth Management LLC boosted its holdings in shares of Union Pacific by 18.2% in the 1st quarter. Connecticut Wealth Management LLC now owns 10,296 shares of the railroad operator’s stock worth $1,370,000 after purchasing an additional 1,584 shares in the last quarter. Tyers Asset Management LLC boosted its holdings in shares of Union Pacific by 9.7% in the 1st quarter. Tyers Asset Management LLC now owns 193,424 shares of the railroad operator’s stock worth $26,002,000 after purchasing an additional 17,072 shares in the last quarter. Finally, Motco boosted its holdings in shares of Union Pacific by 4.4% in the 1st quarter. Motco now owns 42,087 shares of the railroad operator’s stock worth $5,658,000 after purchasing an additional 1,792 shares in the last quarter. Institutional investors and hedge funds own 79.01% of the company’s stock.

A number of research firms have recently issued reports on UNP. ValuEngine upgraded Union Pacific from a “hold” rating to a “buy” rating in a report on Wednesday, May 9th. Robert W. Baird reiterated a “hold” rating and issued a $148.00 price objective on shares of Union Pacific in a report on Tuesday, April 10th. Argus upped their price objective on Union Pacific from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. TD Securities cut their price objective on Union Pacific from $155.00 to $150.00 and set a “buy” rating for the company in a report on Friday, April 27th. Finally, Loop Capital upped their price objective on Union Pacific to $145.00 and gave the stock a “hold” rating in a report on Friday, April 27th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $138.95.

Union Pacific opened at $142.92 on Wednesday, according to Marketbeat. The company has a market cap of $111.75 billion, a price-to-earnings ratio of 23.55, a price-to-earnings-growth ratio of 1.79 and a beta of 0.79. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.82 and a quick ratio of 0.65. Union Pacific Co. has a one year low of $101.06 and a one year high of $146.73.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, April 26th. The railroad operator reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.02. The business had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.39 billion. Union Pacific had a return on equity of 22.16% and a net margin of 50.73%. Union Pacific’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.32 EPS. equities research analysts forecast that Union Pacific Co. will post 7.59 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Thursday, May 31st will be given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Wednesday, May 30th. Union Pacific’s payout ratio is 50.43%.

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 transaction 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 filing with the Securities & Exchange Commission, which is available at the SEC website. 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 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. Corporate insiders own 0.20% of the company’s stock.

About Union Pacific

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.

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

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