Union Pacific Co. (NYSE:UNP) Shares Sold by Quaero Capital S.A.

Quaero Capital S.A. decreased its position in shares of Union Pacific Co. (NYSE:UNPGet Rating) by 33.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,200 shares of the railroad operator’s stock after selling 2,600 shares during the period. Quaero Capital S.A.’s holdings in Union Pacific were worth $1,310,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Morgan Stanley increased its holdings in shares of Union Pacific by 0.6% in the 2nd quarter. Morgan Stanley now owns 5,149,414 shares of the railroad operator’s stock valued at $1,132,511,000 after acquiring an additional 32,190 shares during the last quarter. Center for Financial Planning Inc. lifted its position 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 worth $1,049,000 after acquiring an additional 143 shares during the period. Moors & Cabot Inc. lifted its holdings in shares of Union Pacific by 20.4% in the 3rd quarter. Moors & Cabot Inc. now owns 30,000 shares of the railroad operator’s stock valued at $33,000 after buying an additional 5,078 shares during the period. 55I LLC lifted its holdings in shares of Union Pacific by 197.7% in the 3rd quarter. 55I LLC now owns 3,438 shares of the railroad operator’s stock valued at $674,000 after buying an additional 2,283 shares during the period. Finally, CIBC Asset Management Inc lifted its holdings in shares of Union Pacific by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 83,047 shares of the railroad operator’s stock valued at $16,278,000 after buying an additional 2,780 shares during the period. 80.26% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Kenyatta G. Rocker sold 4,018 shares of the stock in a transaction on 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 sale, the executive vice president now owns 41,177 shares in the company, valued at approximately $10,294,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.28% of the stock is owned by corporate insiders.

A number of research analysts have commented on UNP shares. Cowen boosted their price objective on Union Pacific from $236.00 to $257.00 in a research note on Friday, January 21st. Royal Bank of Canada lowered shares of Union Pacific from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $271.00 to $258.00 in a research note on Thursday, March 17th. Raymond James raised their price target on shares of Union Pacific from $280.00 to $285.00 and gave the company a “strong-buy” rating in a research note on Friday, April 22nd. UBS Group lowered shares of Union Pacific from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $283.00 to $267.00 in a research note on Friday, April 22nd. Finally, Zacks Investment Research lowered shares of Union Pacific from a “buy” rating to a “hold” rating and set a $268.00 price objective for the company. in a research note on Wednesday, March 9th. Nine research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Union Pacific has an average rating of “Buy” and an average target price of $267.74.

Shares of UNP traded up $4.83 during trading hours 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 52-week low of $195.68 and a 52-week high of $278.94. The firm has a fifty day moving average price of $248.94 and a 200-day moving average price of $246.51. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.58 and a current ratio of 0.71. The stock has a market capitalization of $144.92 billion, a price-to-earnings ratio of 21.94, a P/E/G ratio of 1.92 and a beta of 1.21.

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

Union Pacific declared that its Board of Directors has initiated a stock repurchase program on Thursday, February 3rd that permits the company to repurchase 100,000,000 shares. This repurchase authorization permits the railroad operator to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

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

Union Pacific 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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