Blair William & Co. IL cut its holdings in shares of Union Pacific Co. (NYSE:UNP) by 6.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 460,094 shares of the railroad operator’s stock after selling 31,154 shares during the period. Blair William & Co. IL’s holdings in Union Pacific were worth $64,892,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also bought and sold shares of the company. Stonebridge Financial Planning Group LLC bought a new position in Union Pacific during the fourth quarter worth about $41,000. IndexIQ Advisors LLC bought a new position in Union Pacific during the fourth quarter worth about $44,000. Royal Fund Management LLC bought a new position in Union Pacific during the first quarter worth about $35,000. Westside Investment Management Inc. bought a new position in Union Pacific during the first quarter worth about $37,000. Finally, Carmichael Hill & Associates Inc. bought a new position in Union Pacific during the fourth quarter worth about $54,000. Hedge funds and other institutional investors own 79.76% of the company’s stock.
NYSE UNP traded up $1.57 during trading on Friday, reaching $165.16. 1,704,326 shares of the company’s stock were exchanged, compared to its average volume of 3,348,208. The business has a 50 day moving average price of $151.96 and a 200-day moving average price of $165.94. The stock has a market capitalization of $111.01 billion, a P/E ratio of 19.18, a PEG ratio of 2.13 and a beta of 1.07. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.82 and a quick ratio of 0.67. Union Pacific Co. has a fifty-two week low of $105.08 and a fifty-two week high of $188.96.
Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.25. Union Pacific had a return on equity of 34.15% and a net margin of 27.85%. The company had revenue of $5.23 billion during the quarter, compared to analysts’ expectations of $5.08 billion. During the same quarter in the previous year, the company posted $1.93 earnings per share. The business’s revenue was down 2.9% on a year-over-year basis. On average, analysts forecast that Union Pacific Co. will post 7.7 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date is Thursday, May 28th. Union Pacific’s dividend payout ratio is presently 46.30%.
UNP has been the topic of a number of research reports. TD Securities boosted their price target on Union Pacific from $135.00 to $155.00 and gave the company a “hold” rating in a report on Friday, April 24th. Cowen boosted their price target on Union Pacific from $156.00 to $163.00 and gave the company an “outperform” rating in a report on Friday, April 24th. JPMorgan Chase & Co. cut their price target on Union Pacific from $193.00 to $163.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Zacks Investment Research upgraded Union Pacific from a “sell” rating to a “hold” rating and set a $166.00 price target on the stock in a report on Monday, April 27th. Finally, Argus boosted their price target on Union Pacific from $190.00 to $205.00 and gave the company a “buy” rating in a report on Friday, January 24th. Eleven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $172.68.
In other news, COO Vincenzo J. Vena acquired 3,206 shares of Union Pacific stock in a transaction dated Friday, February 28th. The stock was bought at an average price of $155.92 per share, for a total transaction of $499,879.52. Following the completion of the acquisition, the chief operating officer now directly owns 19,966 shares in the company, valued at approximately $3,113,098.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William J. Delaney III acquired 15,000 shares of Union Pacific stock in a transaction dated Tuesday, March 31st. The shares were purchased at an average price of $138.20 per share, with a total value of $2,073,000.00. Following the acquisition, the director now owns 20,000 shares of the company’s stock, valued at $2,764,000. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.
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.
Further Reading: How does inflation affect different investments?
Want to see what other hedge funds are holding UNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Pacific Co. (NYSE:UNP).
Receive News & Ratings for Union Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Union Pacific and related companies with MarketBeat.com's FREE daily email newsletter.