Cigna Investments Inc. New grew its position in shares of Union Pacific Co. (NYSE:UNP) by 6.5% during the first quarter, Holdings Channel reports. The fund owned 19,636 shares of the railroad operator’s stock after purchasing an additional 1,200 shares during the period. Cigna Investments Inc. New’s holdings in Union Pacific were worth $2,769,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Royal Fund Management LLC purchased a new position in shares of Union Pacific during the 1st quarter worth approximately $35,000. Westside Investment Management Inc. purchased a new position in shares of Union Pacific during the 1st quarter worth approximately $37,000. Stonebridge Financial Planning Group LLC bought a new stake in shares of Union Pacific in the 4th quarter worth approximately $41,000. IndexIQ Advisors LLC bought a new stake in shares of Union Pacific in the 4th quarter worth approximately $44,000. Finally, Simon Quick Advisors LLC boosted its position in shares of Union Pacific by 90.5% in the 1st quarter. Simon Quick Advisors LLC now owns 360 shares of the railroad operator’s stock worth $51,000 after purchasing an additional 171 shares in the last quarter. Hedge funds and other institutional investors own 79.76% of the company’s stock.
In other Union Pacific news, COO Vincenzo J. Vena purchased 3,206 shares of the business’s stock in a transaction 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 purchase, the chief operating officer now owns 19,966 shares of the company’s stock, valued at approximately $3,113,098.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William J. Delaney III purchased 15,000 shares of the business’s stock in a transaction on Tuesday, March 31st. The stock was acquired at an average price of $138.20 per share, with a total value of $2,073,000.00. Following the purchase, the director now directly owns 20,000 shares in the company, valued at approximately $2,764,000. The disclosure for this purchase can be found here. Corporate insiders own 0.20% of the company’s stock.
Shares of NYSE UNP traded up $1.57 during midday trading on Friday, hitting $165.16. 1,704,326 shares of the stock traded hands, compared to its average volume of 3,348,208. The firm has a 50-day moving average of $151.96 and a two-hundred day moving average of $165.94. The firm 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 quick ratio of 0.67 and a current ratio of 0.82. Union Pacific Co. has a one year low of $105.08 and a one year high of $188.96.
Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.15 EPS for the quarter, topping the consensus estimate of $1.90 by $0.25. The firm had revenue of $5.23 billion during the quarter, compared to analyst estimates of $5.08 billion. Union Pacific had a return on equity of 34.15% and a net margin of 27.85%. Union Pacific’s revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.93 EPS. Equities analysts forecast that Union Pacific Co. will post 7.7 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be paid a $0.97 dividend. The ex-dividend date is Thursday, May 28th. This represents a $3.88 annualized dividend and a dividend yield of 2.35%. Union Pacific’s dividend payout ratio (DPR) is 46.30%.
A number of brokerages have recently commented on UNP. Zacks Investment Research raised Union Pacific from a “sell” rating to a “hold” rating and set a $166.00 price target on the stock in a research report on Monday, April 27th. Evercore ISI began coverage on Union Pacific in a research report on Thursday, March 26th. They issued an “outperform” rating and a $174.00 price target on the stock. Cowen boosted their price target on Union Pacific from $156.00 to $163.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. dropped their price target on Union Pacific from $193.00 to $163.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Finally, Argus upped their price objective on Union Pacific from $190.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Eleven analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $172.68.
Union Pacific Company 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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