Y Intercept Hong Kong Ltd raised its stake in shares of Union Pacific Corporation (NYSE:UNP – Free Report) by 56.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,386 shares of the railroad operator’s stock after purchasing an additional 15,241 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Union Pacific were worth $9,805,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Union Pacific by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 59,329,262 shares of the railroad operator’s stock valued at $13,724,045,000 after purchasing an additional 659,378 shares in the last quarter. Capital World Investors boosted its holdings 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 purchasing an additional 9,655,306 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Union Pacific by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 15,360,668 shares of the railroad operator’s stock valued at $3,552,550,000 after purchasing an additional 296,814 shares in the last quarter. Capital Research Global Investors boosted its holdings in Union Pacific by 26.0% during the fourth quarter. Capital Research Global Investors now owns 10,980,904 shares of the railroad operator’s stock valued at $2,540,105,000 after purchasing an additional 2,267,708 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings 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 purchasing an additional 3,861,636 shares in the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.
Union Pacific Stock Performance
NYSE:UNP opened at $272.37 on Friday. Union Pacific Corporation has a 1 year low of $210.84 and a 1 year high of $279.70. The firm has a 50 day moving average of $262.23 and a 200-day 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 capitalization of $161.71 billion, a P/E ratio of 22.44, a price-to-earnings-growth ratio of 2.84 and a beta of 0.97.
Union Pacific Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be paid a $1.38 dividend. The ex-dividend date is Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.0%. Union Pacific’s payout ratio is 45.47%.
Insider Activity
In related news, CFO Jennifer L. Hamann sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The shares were 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 owned 114,642 shares in the company, valued at $31,492,157.40. The trade was a 1.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kenyatta G. Rocker sold 27,387 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $271.76, for a total transaction of $7,442,691.12. Following the completion of the transaction, the executive vice president owned 61,102 shares of the company’s stock, valued at $16,605,079.52. This trade represents a 30.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 34,377 shares of company stock worth $9,251,221. Insiders own 0.22% of the company’s stock.
Analyst Ratings Changes
UNP has been the topic of a number of recent research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $289.00 price objective (up from $273.00) on shares of Union Pacific in a report on Friday, April 24th. UBS Group reaffirmed a “neutral” rating and set a $274.00 price objective (up from $253.00) on shares of Union Pacific in a report on Friday, April 24th. Robert W. Baird set a $311.00 price objective on Union Pacific and gave the company an “outperform” rating in a report on Friday, March 6th. BMO Capital Markets reaffirmed a “market perform” rating and set a $285.00 price objective (up from $278.00) on shares of Union Pacific in a report 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 analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $282.21.
Get Our Latest Stock Report on UNP
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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