Cubist Systematic Strategies LLC lessened its stake in Union Pacific Co. (NYSE:UNP) by 85.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,936 shares of the railroad operator’s stock after selling 22,424 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Union Pacific were worth $529,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Icon Wealth Partners LLC purchased a new position in shares of Union Pacific in the 4th quarter valued at about $119,000. Ballew Advisors Inc purchased a new position in shares of Union Pacific in the 1st quarter valued at about $145,000. Certified Advisory Corp purchased a new position in shares of Union Pacific in the 4th quarter valued at about $175,000. Aevitas Wealth Management Inc. purchased a new position in shares of Union Pacific in the 4th quarter valued at about $185,000. Finally, Clearwater Capital Advisors LLC purchased a new position in shares of Union Pacific in the 1st quarter valued at about $186,000. Institutional investors and hedge funds own 78.75% of the company’s stock.
UNP has been the subject of a number of research analyst reports. Deutsche Bank upgraded shares of Union Pacific from a “hold” rating to a “buy” rating and set a $158.00 price target for the company in a report on Monday, April 2nd. Bank of America raised their target price on shares of Union Pacific from $150.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, March 15th. TD Securities dropped their target price on shares of Union Pacific from $155.00 to $150.00 and set a “buy” rating for the company in a report on Friday, April 27th. ValuEngine upgraded shares of Union Pacific from a “hold” rating to a “buy” rating in a report on Wednesday, May 9th. Finally, Morgan Stanley raised their target price on shares of Union Pacific from $125.00 to $136.00 and gave the company an “equal weight” rating in a report on Friday, June 1st. Three investment 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 company presently has a consensus rating of “Hold” and a consensus price target of $146.70.
In other news, EVP Elizabeth F. Whited sold 15,576 shares of Union Pacific stock in a transaction dated Tuesday, April 3rd. The shares were sold at an average price of $133.79, for a total transaction of $2,083,913.04. Following the completion of the sale, the executive vice president now directly owns 65,613 shares in the company, valued at $8,778,363.27. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.20% of the company’s stock.
Shares of Union Pacific opened at $141.68 on Friday, according to Marketbeat Ratings. The stock has a market cap of $107.69 billion, a PE ratio of 24.47, a PEG ratio of 1.72 and a beta of 0.80. Union Pacific Co. has a 12 month low of $101.06 and a 12 month high of $148.33. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 0.64.
Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, April 26th. The railroad operator reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.02. The business had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.39 billion. Union Pacific had a net margin of 50.73% and a return on equity of 22.16%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.32 earnings per share. research analysts predict that Union Pacific Co. will post 7.64 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 29th. Stockholders of record on Thursday, May 31st were issued a dividend of $0.73 per share. The ex-dividend date of this dividend was Wednesday, May 30th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.06%. Union Pacific’s dividend payout ratio (DPR) is presently 50.43%.
Union Pacific Profile
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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