RMB Capital Management LLC lessened its position in shares of Union Pacific Co. (NYSE:UNP) by 0.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,688 shares of the railroad operator’s stock after selling 698 shares during the period. RMB Capital Management LLC’s holdings in Union Pacific were worth $10,675,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Union Pacific by 0.8% in the 1st quarter. BlackRock Inc. now owns 46,550,043 shares of the railroad operator’s stock valued at $6,565,420,000 after acquiring an additional 386,175 shares in the last quarter. State Street Corp grew its holdings in shares of Union Pacific by 6.1% in the 4th quarter. State Street Corp now owns 30,839,788 shares of the railroad operator’s stock valued at $5,575,525,000 after acquiring an additional 1,775,306 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Union Pacific by 3.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 13,248,916 shares of the railroad operator’s stock valued at $2,395,272,000 after acquiring an additional 444,180 shares in the last quarter. Capital World Investors grew its holdings in shares of Union Pacific by 10.2% in the 4th quarter. Capital World Investors now owns 12,271,317 shares of the railroad operator’s stock valued at $2,218,531,000 after acquiring an additional 1,139,795 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Union Pacific by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 9,539,820 shares of the railroad operator’s stock valued at $1,721,373,000 after acquiring an additional 134,677 shares in the last quarter. Hedge funds and other institutional investors own 79.76% of the company’s stock.
In other news, COO Vincenzo J. Vena acquired 3,206 shares of the stock in a transaction on Friday, February 28th. The stock was acquired at an average cost of $155.92 per share, for a total transaction of $499,879.52. Following the completion of the transaction, the chief operating officer now directly owns 19,966 shares in the company, valued at $3,113,098.72. The purchase 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 the stock in a transaction on 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 completion of the transaction, 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. 0.20% of the stock is currently owned by insiders.
Several equities analysts have recently weighed in on UNP shares. Credit Suisse Group raised their price objective on Union Pacific from $168.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, April 24th. TD Securities raised their price objective on Union Pacific from $135.00 to $155.00 and gave the company a “hold” rating in a report on Friday, April 24th. Morgan Stanley upgraded Union Pacific from an “underweight” rating to an “equal weight” rating and reduced their price target for the stock from $139.00 to $125.00 in a report on Monday, March 23rd. Argus lifted their price target on Union Pacific from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. reduced their price target on Union Pacific from $193.00 to $163.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Eleven analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $172.68.
Shares of NYSE UNP traded up $1.57 during midday trading on Friday, reaching $165.16. The company’s stock had a trading volume of 1,704,326 shares, compared to its average volume of 3,348,208. 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 fifty-two week low of $105.08 and a fifty-two week high of $188.96. The business’s 50 day moving average price is $151.96 and its two-hundred day moving average price is $165.94. The company has a market cap of $111.01 billion, a P/E ratio of 19.18, a P/E/G ratio of 2.13 and a beta of 1.07.
Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, April 23rd. The railroad operator reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.25. Union Pacific had a net margin of 27.85% and a return on equity of 34.15%. The company had revenue of $5.23 billion during the quarter, compared to the consensus estimate of $5.08 billion. During the same period in the previous year, the business earned $1.93 earnings per share. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. Sell-side analysts forecast that Union Pacific Co. will post 7.7 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be given a $0.97 dividend. The ex-dividend date is Thursday, May 28th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.35%. Union Pacific’s payout ratio is 46.30%.
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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