Townsquare Capital LLC reduced its holdings in Union Pacific Corporation (NYSE:UNP – Free Report) by 55.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,407 shares of the railroad operator’s stock after selling 5,446 shares during the quarter. Townsquare Capital LLC’s holdings in Union Pacific were worth $1,019,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in UNP. Acadian Asset Management LLC grew its position in shares of Union Pacific by 40.4% in the first quarter. Acadian Asset Management LLC now owns 2,312 shares of the railroad operator’s stock valued at $546,000 after purchasing an additional 665 shares during the last quarter. Schnieders Capital Management LLC. grew its position in shares of Union Pacific by 0.5% in the second quarter. Schnieders Capital Management LLC. now owns 20,606 shares of the railroad operator’s stock valued at $4,741,000 after purchasing an additional 102 shares during the last quarter. Main Street Financial Solutions LLC grew its position in shares of Union Pacific by 1.6% in the second quarter. Main Street Financial Solutions LLC now owns 3,733 shares of the railroad operator’s stock valued at $859,000 after purchasing an additional 58 shares during the last quarter. HUB Investment Partners LLC grew its position in shares of Union Pacific by 10.0% in the second quarter. HUB Investment Partners LLC now owns 6,091 shares of the railroad operator’s stock valued at $1,401,000 after purchasing an additional 554 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of Union Pacific by 7.4% in the second quarter. Alliancebernstein L.P. now owns 1,528,426 shares of the railroad operator’s stock valued at $351,660,000 after purchasing an additional 105,664 shares during the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.
Union Pacific Stock Down 1.4%
UNP stock opened at $267.37 on Thursday. Union Pacific Corporation has a twelve month low of $210.84 and a twelve month high of $279.70. The company has a market cap of $158.74 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 2.88 and a beta of 0.97. The business’s 50-day simple moving average is $261.12 and its 200 day simple moving average is $248.22. The company has a quick ratio of 0.73, a current ratio of 0.92 and a debt-to-equity ratio of 1.53.
Union Pacific Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, May 29th. Union Pacific’s payout ratio is presently 45.47%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on UNP shares. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $300.00 price target (up from $260.00) on shares of Union Pacific in a research report on Friday, April 24th. Citigroup reaffirmed a “buy” rating and issued a $307.00 price target (up from $285.00) on shares of Union Pacific in a research report on Friday, April 24th. BMO Capital Markets reissued a “market perform” rating and set a $285.00 target price (up from $278.00) on shares of Union Pacific in a research report on Friday, April 24th. Barclays reissued an “overweight” rating and set a $315.00 target price (up from $285.00) on shares of Union Pacific in a research report on Friday, April 24th. Finally, Susquehanna reissued a “positive” rating and set a $305.00 target price on shares of Union Pacific in a research report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $282.21.
View Our Latest Stock Report on Union Pacific
Insider Buying and Selling at Union Pacific
In other Union Pacific news, CFO Jennifer L. Hamann sold 2,000 shares of Union Pacific stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $274.70, for a total transaction of $549,400.00. Following the sale, the chief financial officer directly owned 114,642 shares of the company’s stock, valued at approximately $31,492,157.40. The trade was a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kenyatta G. Rocker sold 27,387 shares of Union Pacific stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $271.76, for a total value of $7,442,691.12. Following the sale, the executive vice president directly owned 61,102 shares in the company, valued at $16,605,079.52. The trade was a 30.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 34,377 shares of company stock valued at $9,251,221. 0.22% of the stock is currently owned by corporate insiders.
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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