CDM Financial Counseling Services Inc. acquired a new position in shares of Union Pacific Corporation (NYSE:UNP – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,352 shares of the railroad operator’s stock, valued at approximately $775,000.
A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Union Pacific by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 59,329,262 shares of the railroad operator’s stock worth $13,724,045,000 after purchasing an additional 659,378 shares in the last quarter. Capital World Investors increased its position in Union Pacific by 193.3% during the 3rd quarter. Capital World Investors now owns 10,481,043 shares of the railroad operator’s stock worth $2,477,404,000 after purchasing an additional 6,908,016 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Union Pacific by 72.7% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,177,002 shares of the railroad operator’s stock worth $2,169,168,000 after purchasing an additional 3,861,636 shares in the last quarter. Capital Research Global Investors increased its position in Union Pacific by 95.0% during the 3rd quarter. Capital Research Global Investors now owns 8,713,196 shares of the railroad operator’s stock worth $2,059,538,000 after purchasing an additional 4,244,226 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in Union Pacific by 18.9% during the 3rd quarter. Franklin Resources Inc. now owns 7,164,334 shares of the railroad operator’s stock worth $1,693,434,000 after purchasing an additional 1,139,926 shares in the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.
Union Pacific Stock Up 0.0%
UNP opened at $270.58 on Monday. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.92 and a quick ratio of 0.73. The stock has a market capitalization of $160.65 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 2.87 and a beta of 0.99. The business has a 50-day moving average of $252.29 and a two-hundred day moving average of $242.23. Union Pacific Corporation has a 12 month low of $210.84 and a 12 month high of $274.79.
Union Pacific Dividend Announcement
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 dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $5.52 annualized dividend and a dividend yield of 2.0%. Union Pacific’s payout ratio is currently 45.47%.
Insider Activity
In other news, EVP Eric J. Gehringer sold 1,999 shares of the business’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $234.93, for a total transaction of $469,625.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kenyatta G. Rocker sold 27,387 shares of the business’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $271.76, for a total value of $7,442,691.12. Following the sale, the executive vice president owned 61,102 shares of the company’s stock, valued at $16,605,079.52. The trade was a 30.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 31,386 shares of company stock valued at $8,461,716 in the last ninety days. Company insiders own 0.22% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the company. UBS Group reiterated a “neutral” rating and set a $274.00 price objective (up from $253.00) on shares of Union Pacific in a research report on Friday, April 24th. BMO Capital Markets reiterated a “market perform” rating and set a $285.00 price objective (up from $278.00) on shares of Union Pacific in a research report on Friday, April 24th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $267.00 target price on shares of Union Pacific in a research note on Tuesday, January 27th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $300.00 target price (up from $260.00) on shares of Union Pacific in a research note on Friday, April 24th. Finally, Raymond James Financial set a $310.00 target price on shares of Union Pacific in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $280.47.
Read Our Latest Research Report on Union Pacific
Union Pacific Profile
Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.
Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.
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