Daiwa Securities Group Inc. increased its stake in shares of Union Pacific Co. (NYSE:UNP) by 14.1% during the 1st quarter, Holdings Channel reports. The fund owned 78,998 shares of the railroad operator’s stock after purchasing an additional 9,780 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Union Pacific were worth $13,208,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Obermeyer Wood Investment Counsel Lllp lifted its holdings in Union Pacific by 1.7% in the 4th quarter. Obermeyer Wood Investment Counsel Lllp now owns 3,729 shares of the railroad operator’s stock worth $515,000 after buying an additional 61 shares during the period. Hamilton Point Investment Advisors LLC lifted its holdings in Union Pacific by 1.2% in the 4th quarter. Hamilton Point Investment Advisors LLC now owns 5,443 shares of the railroad operator’s stock worth $752,000 after buying an additional 65 shares during the period. Weatherstone Capital Management lifted its holdings in Union Pacific by 3.1% in the 1st quarter. Weatherstone Capital Management now owns 2,172 shares of the railroad operator’s stock worth $363,000 after buying an additional 66 shares during the period. Howe & Rusling Inc. lifted its holdings in Union Pacific by 25.4% in the 4th quarter. Howe & Rusling Inc. now owns 346 shares of the railroad operator’s stock worth $48,000 after buying an additional 70 shares during the period. Finally, Cozad Asset Management Inc. lifted its holdings in Union Pacific by 1.2% in the 1st quarter. Cozad Asset Management Inc. now owns 5,853 shares of the railroad operator’s stock worth $979,000 after buying an additional 70 shares during the period. Institutional investors and hedge funds own 80.25% of the company’s stock.
Several research firms have weighed in on UNP. Stifel Nicolaus set a $170.00 price objective on Union Pacific and gave the stock a “hold” rating in a report on Tuesday, April 23rd. Deutsche Bank set a $200.00 price objective on Union Pacific and gave the stock a “buy” rating in a report on Monday, April 22nd. TD Securities increased their price objective on Union Pacific from $170.00 to $180.00 and gave the stock a “hold” rating in a report on Monday, April 22nd. Raymond James increased their price objective on Union Pacific from $192.00 to $201.00 and gave the stock a “strong-buy” rating in a report on Monday, April 22nd. Finally, BMO Capital Markets increased their price objective on Union Pacific to $190.00 and gave the stock an “outperform” rating in a report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $175.35.
In other news, EVP Robert M. Knight, Jr. sold 1,380 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $180.01, for a total value of $248,413.80. Following the completion of the transaction, the executive vice president now owns 94,943 shares in the company, valued at approximately $17,090,689.43. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William J. Delaney III bought 5,000 shares of the stock in a transaction dated Monday, May 20th. The stock was purchased at an average price of $174.06 per share, with a total value of $870,300.00. Following the purchase, the director now owns 5,000 shares in the company, valued at $870,300. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 31,667 shares of company stock valued at $5,454,729. 9.96% of the stock is currently owned by company insiders.
UNP opened at $172.17 on Friday. The company has a market capitalization of $122.34 billion, a PE ratio of 21.77, a PEG ratio of 1.93 and a beta of 1.11. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.75 and a quick ratio of 0.60. Union Pacific Co. has a 52 week low of $128.08 and a 52 week high of $180.02.
Union Pacific (NYSE:UNP) last released its earnings results on Thursday, April 18th. The railroad operator reported $1.93 EPS for the quarter, beating the Zacks’ consensus estimate of $1.89 by $0.04. The company had revenue of $5.38 billion during the quarter, compared to analysts’ expectations of $5.51 billion. Union Pacific had a return on equity of 30.73% and a net margin of 26.59%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.68 EPS. As a group, research analysts expect that Union Pacific Co. will post 9.07 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Thursday, May 30th. Union Pacific’s payout ratio is presently 44.50%.
Union Pacific declared that its board has approved a share buyback plan on Thursday, February 7th that permits the company to repurchase 150,000,000 shares. This repurchase authorization permits the railroad operator to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
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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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