Coldstream Capital Management Inc. lessened its stake in shares of Union Pacific Co. (NYSE:UNP) by 7.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,803 shares of the railroad operator’s stock after selling 233 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Union Pacific were worth $387,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Actinver Wealth Management Inc. acquired a new stake in shares of Union Pacific during the 4th quarter worth about $754,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Union Pacific during the 4th quarter worth about $2,015,000. Headinvest LLC lifted its stake in shares of Union Pacific by 100.0% during the 4th quarter. Headinvest LLC now owns 3,154 shares of the railroad operator’s stock worth $436,000 after buying an additional 1,577 shares during the last quarter. Putnam FL Investment Management Co. lifted its stake in shares of Union Pacific by 3.8% during the 4th quarter. Putnam FL Investment Management Co. now owns 114,317 shares of the railroad operator’s stock worth $15,802,000 after buying an additional 4,205 shares during the last quarter. Finally, CWM Advisors LLC lifted its stake in shares of Union Pacific by 14.7% during the 4th quarter. CWM Advisors LLC now owns 13,058 shares of the railroad operator’s stock worth $1,805,000 after buying an additional 1,675 shares during the last quarter. Institutional investors own 79.69% of the company’s stock.
In other news, EVP Robert M. Knight, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $170.01, for a total value of $1,700,100.00. Following the sale, the executive vice president now directly owns 94,943 shares in the company, valued at approximately $16,141,259.43. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Todd M. Rynaski sold 8,802 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $170.00, for a total transaction of $1,496,340.00. Following the completion of the sale, the vice president now owns 19,731 shares in the company, valued at $3,354,270. The disclosure for this sale can be found here. 0.20% of the stock is owned by company insiders.
UNP stock opened at $167.98 on Wednesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.74 and a current ratio of 0.90. Union Pacific Co. has a 12 month low of $126.37 and a 12 month high of $172.44. The stock has a market capitalization of $120.98 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 1.88 and a beta of 1.11.
Union Pacific (NYSE:UNP) last released its earnings results on Thursday, January 24th. The railroad operator reported $2.12 EPS for the quarter, beating the consensus estimate of $2.06 by $0.06. Union Pacific had a net margin of 26.13% and a return on equity of 27.95%. The firm had revenue of $5.76 billion for the quarter, compared to analyst estimates of $5.73 billion. During the same period last year, the firm earned $1.53 EPS. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. Equities research analysts forecast that Union Pacific Co. will post 9 earnings per share for the current fiscal year.
Union Pacific announced that its board has authorized a share repurchase plan on Thursday, February 7th that authorizes the company to repurchase 150,000,000 outstanding shares. This repurchase authorization authorizes the railroad operator to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.
The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 28th were issued a $0.88 dividend. This is a positive change from Union Pacific’s previous quarterly dividend of $0.80. This represents a $3.52 annualized dividend and a yield of 2.10%. The ex-dividend date was Wednesday, February 27th. Union Pacific’s dividend payout ratio (DPR) is currently 44.50%.
A number of analysts have recently issued reports on UNP shares. ValuEngine upgraded shares of Union Pacific from a “hold” rating to a “buy” rating in a research note on Wednesday, January 9th. Cowen restated a “buy” rating on shares of Union Pacific in a research note on Thursday, January 24th. Seaport Global Securities raised shares of Union Pacific from a “neutral” rating to a “buy” rating and set a $165.00 price target on the stock in a research report on Tuesday, January 8th. Citigroup raised their price target on shares of Union Pacific from $180.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Finally, TD Securities raised their price target on shares of Union Pacific from $155.00 to $170.00 and gave the stock a “hold” rating in a research report on Friday, January 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $170.16.
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Union Pacific Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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