Cohen & Steers Inc. Purchases 35,377 Shares of Union Pacific Corporation $UNP

Cohen & Steers Inc. lifted its position in Union Pacific Corporation (NYSE:UNPFree Report) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,307,959 shares of the railroad operator’s stock after acquiring an additional 35,377 shares during the quarter. Cohen & Steers Inc.’s holdings in Union Pacific were worth $302,557,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in UNP. Capital World Investors raised its holdings in shares of Union Pacific by 92.1% in 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 acquiring an additional 9,655,306 shares in the last quarter. Norges Bank bought a new stake in shares of Union Pacific in the fourth quarter valued at about $1,779,907,000. Capital Research Global Investors raised its holdings in shares of Union Pacific by 95.0% in 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 acquiring an additional 4,244,226 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Union Pacific by 72.7% in 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 acquiring an additional 3,861,636 shares in the last quarter. Finally, EdgePoint Investment Group Inc. bought a new stake in shares of Union Pacific in the third quarter valued at about $408,592,000. 80.38% of the stock is currently owned by institutional investors.

Insider Activity 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 value of $789,504.36. Following the sale, the executive vice president owned 43,012 shares in the company, valued at approximately $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 accessible through this link. Also, CFO Jennifer L. Hamann sold 2,000 shares of the company’s 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 sale, the chief financial officer owned 114,642 shares in the company, valued at approximately $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 have sold a total of 34,377 shares of company stock worth $9,251,221 over the last quarter. Insiders own 0.22% of the company’s stock.

Union Pacific Trading Up 1.5%

NYSE UNP opened at $272.37 on Friday. Union Pacific Corporation has a 12-month low of $210.84 and a 12-month high of $279.70. The company has a fifty day simple moving average of $262.23 and a two-hundred day simple moving average of $248.69. 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 stock has a market cap of $161.71 billion, a P/E ratio of 22.44, a P/E/G ratio of 2.84 and a beta of 0.97.

Union Pacific (NYSE:UNPGet Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.93 EPS for the quarter, topping the consensus estimate of $2.86 by $0.07. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The business had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.12 billion. During the same period in the previous year, the firm posted $2.70 earnings per share. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, analysts forecast that Union Pacific Corporation will post 12.55 earnings per share for the current year.

Union Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be given a $1.38 dividend. The ex-dividend date 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 currently 45.47%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on UNP. Barclays restated an “overweight” rating and issued a $315.00 price objective (up from $285.00) on shares of Union Pacific in a report on Friday, April 24th. Sanford C. Bernstein lifted their price objective on Union Pacific from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Tuesday, March 31st. Susquehanna restated a “positive” rating and issued a $305.00 price objective on shares of Union Pacific in a report on Friday, June 5th. Raymond James Financial set a $310.00 price objective on Union Pacific in a report on Friday, April 24th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $285.00 price objective (up from $278.00) on shares of Union Pacific in a report on Friday, April 24th. One research 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’s stock. Based on data from MarketBeat, Union Pacific has an average rating of “Moderate Buy” and a consensus price target of $282.21.

Get Our Latest Research Report on UNP

Union Pacific Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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