National Asset Management Inc. lowered its stake in Union Pacific Co. (NYSE:UNP) by 28.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,989 shares of the railroad operator’s stock after selling 3,191 shares during the quarter. National Asset Management Inc.’s holdings in Union Pacific were worth $1,128,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of UNP. Orser Capital Management LLC grew its stake in shares of Union Pacific by 2.6% in the fourth quarter. Orser Capital Management LLC now owns 3,896 shares of the railroad operator’s stock valued at $702,000 after buying an additional 100 shares in the last quarter. Candriam Luxembourg S.C.A. grew its stake in shares of Union Pacific by 18.5% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 193,380 shares of the railroad operator’s stock valued at $34,961,000 after buying an additional 30,192 shares in the last quarter. TLW Wealth Management LLC grew its stake in shares of Union Pacific by 0.9% in the fourth quarter. TLW Wealth Management LLC now owns 35,663 shares of the railroad operator’s stock valued at $6,448,000 after buying an additional 325 shares in the last quarter. J.W. Cole Advisors Inc. acquired a new stake in shares of Union Pacific in the fourth quarter valued at about $1,557,000. Finally, Chicago Partners Investment Group LLC grew its stake in shares of Union Pacific by 1.9% in the fourth quarter. Chicago Partners Investment Group LLC now owns 13,671 shares of the railroad operator’s stock valued at $2,514,000 after buying an additional 251 shares in the last quarter. Institutional investors and hedge funds own 79.76% of the company’s stock.
In other Union Pacific news, Director William J. Delaney III bought 15,000 shares of the stock in a transaction that occurred on Tuesday, March 31st. The shares were purchased at an average cost of $138.20 per share, for a total transaction of $2,073,000.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at $2,764,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Vincenzo J. Vena bought 3,206 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average price of $155.92 per share, for a total transaction of $499,879.52. Following the completion of the transaction, the chief operating officer now owns 19,966 shares in the company, valued at $3,113,098.72. The disclosure for this purchase can be found here. 0.20% of the stock is owned by company insiders.
Shares of NYSE UNP traded up $1.57 during mid-day trading on Friday, hitting $165.16. The company had a trading volume of 1,704,326 shares, compared to its average volume of 3,348,208. The stock has a market cap of $111.01 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 2.13 and a beta of 1.07. Union Pacific Co. has a 12 month low of $105.08 and a 12 month high of $188.96. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.82 and a quick ratio of 0.67. The firm’s 50 day simple moving average is $151.96 and its two-hundred day simple moving average is $165.94.
Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, April 23rd. The railroad operator reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.25. The business had revenue of $5.23 billion for the quarter, compared to the consensus estimate of $5.08 billion. Union Pacific had a return on equity of 34.15% and a net margin of 27.85%. The business’s revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the business posted $1.93 EPS. Equities analysts forecast that Union Pacific Co. will post 7.7 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Thursday, May 28th. Union Pacific’s dividend payout ratio (DPR) is 46.30%.
A number of research analysts recently commented on UNP shares. Morgan Stanley raised Union Pacific from an “underweight” rating to an “equal weight” rating and reduced their price target for the company from $139.00 to $125.00 in a report on Monday, March 23rd. Susquehanna Bancshares reduced their price target on Union Pacific from $215.00 to $169.00 and set a “positive” rating for the company in a report on Wednesday, April 8th. BMO Capital Markets increased their price target on Union Pacific from $188.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Stifel Nicolaus increased their price target on Union Pacific from $144.00 to $157.00 and gave the company a “hold” rating in a report on Friday, April 24th. Finally, Evercore ISI started coverage on Union Pacific in a report on Thursday, March 26th. They issued an “outperform” rating and a $174.00 price target for the company. Eleven analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $172.68.
About Union Pacific
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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