Rhumbline Advisers Buys 712 Shares of Union Pacific Co. (NYSE:UNP)

Rhumbline Advisers increased its stake in shares of Union Pacific Co. (NYSE:UNPGet Rating) by 0.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,139,726 shares of the railroad operator’s stock after buying an additional 712 shares during the quarter. Rhumbline Advisers owned 0.18% of Union Pacific worth $287,131,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Morgan Stanley increased its holdings in Union Pacific by 0.6% during the 2nd quarter. Morgan Stanley now owns 5,149,414 shares of the railroad operator’s stock valued at $1,132,511,000 after purchasing an additional 32,190 shares in the last quarter. Center for Financial Planning Inc. increased its holdings in Union Pacific by 2.7% during the 3rd quarter. Center for Financial Planning Inc. now owns 5,351 shares of the railroad operator’s stock valued at $1,049,000 after purchasing an additional 143 shares in the last quarter. Moors & Cabot Inc. increased its holdings in Union Pacific by 20.4% during the 3rd quarter. Moors & Cabot Inc. now owns 30,000 shares of the railroad operator’s stock valued at $33,000 after purchasing an additional 5,078 shares in the last quarter. Avidian Wealth Solutions LLC increased its holdings in Union Pacific by 6.8% during the 3rd quarter. Avidian Wealth Solutions LLC now owns 1,211 shares of the railroad operator’s stock valued at $237,000 after purchasing an additional 77 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in Union Pacific by 281.0% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 65,110 shares of the railroad operator’s stock valued at $12,763,000 after purchasing an additional 48,021 shares in the last quarter. Institutional investors and hedge funds own 80.26% of the company’s stock.

UNP has been the subject of a number of recent analyst reports. Susquehanna Bancshares raised their price target on Union Pacific from $306.00 to $310.00 in a report on Thursday, April 7th. Royal Bank of Canada cut Union Pacific from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $271.00 to $258.00 in a research note on Thursday, March 17th. Raymond James lifted their target price on Union Pacific from $280.00 to $285.00 and gave the company a “strong-buy” rating in a research note on Friday, April 22nd. The Goldman Sachs Group lifted their target price on Union Pacific from $271.00 to $276.00 in a research note on Thursday, April 21st. Finally, Susquehanna lifted their target price on Union Pacific from $306.00 to $310.00 and gave the company a “positive” rating in a research note on Thursday, April 7th. Nine analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $267.74.

In other Union Pacific news, EVP Kenyatta G. Rocker sold 4,018 shares of Union Pacific stock in a transaction dated Thursday, April 21st. The stock was sold at an average price of $250.00, for a total transaction of $1,004,500.00. Following the transaction, the executive vice president now directly owns 41,177 shares in the company, valued at $10,294,250. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.28% of the company’s stock.

Shares of NYSE:UNP traded up $4.83 during midday trading on Friday, hitting $230.76. The company had a trading volume of 3,263,834 shares, compared to its average volume of 3,182,090. Union Pacific Co. has a 12 month low of $195.68 and a 12 month high of $278.94. The company has a current ratio of 0.71, a quick ratio of 0.58 and a debt-to-equity ratio of 2.58. The stock has a market cap of $144.92 billion, a price-to-earnings ratio of 21.94, a PEG ratio of 1.92 and a beta of 1.21. The firm has a fifty day simple moving average of $248.94 and a 200 day simple moving average of $246.51.

Union Pacific (NYSE:UNPGet Rating) last posted its earnings results on Thursday, April 21st. The railroad operator reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.02. The firm had revenue of $5.86 billion for the quarter, compared to analyst estimates of $5.76 billion. Union Pacific had a return on equity of 50.20% and a net margin of 30.06%. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.00 earnings per share. Equities analysts forecast that Union Pacific Co. will post 11.64 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Tuesday, May 31st will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, May 27th. This is a positive change from Union Pacific’s previous quarterly dividend of $1.18. This represents a $5.20 annualized dividend and a yield of 2.25%. Union Pacific’s payout ratio is currently 44.87%.

Union Pacific announced that its Board of Directors has approved a share repurchase plan on Thursday, February 3rd that permits the company to repurchase 100,000,000 outstanding shares. This repurchase authorization permits the railroad operator to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Union Pacific Company Profile (Get Rating)

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.

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

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