Capital Research Global Investors lifted its stake in shares of Union Pacific Corporation (NYSE:UNP – Free Report) by 26.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,980,904 shares of the railroad operator’s stock after purchasing an additional 2,267,708 shares during the quarter. Capital Research Global Investors’ holdings in Union Pacific were worth $2,540,105,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tucker Asset Management LLC bought a new stake in shares of Union Pacific during the 4th quarter valued at $25,000. Rachor Investment Advisory Services LLC bought a new stake in shares of Union Pacific during the 4th quarter valued at $25,000. Caitlin John LLC bought a new stake in shares of Union Pacific during the 3rd quarter valued at $27,000. Saranac Partners Ltd bought a new stake in shares of Union Pacific during the 3rd quarter valued at $27,000. Finally, High Point Wealth Management LLC bought a new stake in shares of Union Pacific during the 4th quarter valued at $26,000. 80.38% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Union Pacific
In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total transaction of $789,504.36. Following the completion of the transaction, the executive vice president owned 43,012 shares of the company’s stock, valued at $11,353,447.52. This represents a 6.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Jennifer L. Hamann sold 2,000 shares of the stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $274.70, for a total value of $549,400.00. Following the completion of the transaction, the chief financial officer directly owned 114,642 shares of the company’s stock, valued at $31,492,157.40. This represents a 1.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 34,377 shares of company stock valued at $9,251,221 in the last 90 days. Insiders own 0.22% of the company’s stock.
Wall Street Analysts Forecast Growth
Get Our Latest Research Report on Union Pacific
Union Pacific Trading Up 3.2%
UNP opened at $272.28 on Friday. The business has a 50 day simple moving average of $259.32 and a two-hundred day simple moving average of $247.03. The firm has a market capitalization of $161.66 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 2.89 and a beta of 0.97. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.92 and a quick ratio of 0.73. Union Pacific Corporation has a one year low of $210.84 and a one year high of $279.70.
Union Pacific (NYSE:UNP – Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The railroad operator reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.86 by $0.07. The business had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.12 billion. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.Union Pacific’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.70 EPS. Analysts predict that Union Pacific Corporation will post 12.53 EPS for the current year.
Union Pacific Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a yield of 2.0%. Union Pacific’s dividend payout ratio is presently 45.47%.
Union Pacific Company 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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