Raiffeisen Bank International AG boosted its position in Union Pacific Corporation (NYSE:UNP – Free Report) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 259,694 shares of the railroad operator’s stock after acquiring an additional 2,872 shares during the quarter. Union Pacific accounts for approximately 0.8% of Raiffeisen Bank International AG’s portfolio, making the stock its 29th largest holding. Raiffeisen Bank International AG’s holdings in Union Pacific were worth $60,524,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in UNP. Capital World Investors boosted its position in Union Pacific by 92.1% during the fourth quarter. Capital World Investors now owns 20,136,349 shares of the railroad operator’s stock valued at $4,658,142,000 after buying an additional 9,655,306 shares during the period. Norges Bank purchased a new stake in Union Pacific during the fourth quarter valued at about $1,779,907,000. Capital Research Global Investors boosted its position in Union Pacific by 95.0% during the third quarter. Capital Research Global Investors now owns 8,713,196 shares of the railroad operator’s stock valued at $2,059,538,000 after buying an additional 4,244,226 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Union Pacific by 72.7% during the third 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 valued at $2,169,168,000 after buying an additional 3,861,636 shares during the period. Finally, EdgePoint Investment Group Inc. purchased a new stake in Union Pacific during the third quarter valued at about $408,592,000. 80.38% of the stock is currently owned by hedge funds and other institutional investors.
Union Pacific Stock Performance
Union Pacific stock opened at $268.50 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.53. The firm has a 50-day moving average of $261.64 and a 200-day moving average of $248.52. The firm has a market cap of $159.41 billion, a P/E ratio of 22.12, a P/E/G ratio of 2.83 and a beta of 0.97. Union Pacific Corporation has a 1-year low of $210.84 and a 1-year high of $279.70.
Union Pacific Dividend Announcement
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 $1.38 dividend. The ex-dividend date is Friday, May 29th. This represents a $5.52 annualized dividend and a yield of 2.1%. Union Pacific’s dividend payout ratio (DPR) is 45.47%.
Insiders Place Their Bets
In other Union Pacific news, EVP Kenyatta G. Rocker sold 27,387 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 61,102 shares in the company, valued at $16,605,079.52. This trade represents a 30.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Eric J. Gehringer sold 2,991 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president owned 43,012 shares of the company’s stock, valued at $11,353,447.52. This trade represents a 6.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 34,377 shares of company stock worth $9,251,221 over the last three months. Company insiders own 0.22% of the company’s stock.
Analyst Ratings Changes
UNP has been the subject of several analyst reports. JPMorgan Chase & Co. upped their price target on shares of Union Pacific from $267.00 to $275.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. UBS Group restated a “neutral” rating and set a $274.00 price target (up from $253.00) on shares of Union Pacific in a research report on Friday, April 24th. Robert W. Baird set a $311.00 price target on shares of Union Pacific and gave the company an “outperform” rating in a research report on Friday, March 6th. Evercore restated an “outperform” rating and set a $277.00 price target on shares of Union Pacific in a research report on Friday, April 24th. Finally, Raymond James Financial set a $310.00 target price on shares of Union Pacific in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $282.21.
Read Our Latest Stock Report on UNP
About Union Pacific
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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