Venture Visionary Partners LLC increased its stake in shares of Union Pacific Corporation (NYSE:UNP – Free Report) by 25.7% in the 4th quarter, Holdings Channel reports. The firm owned 15,837 shares of the railroad operator’s stock after purchasing an additional 3,234 shares during the period. Venture Visionary Partners LLC’s holdings in Union Pacific were worth $3,756,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Rachor Investment Advisory Services LLC acquired a new position in shares of Union Pacific during the 4th quarter worth about $25,000. Tucker Asset Management LLC acquired a new position in shares of Union Pacific during the 4th quarter worth about $25,000. SWAN Capital LLC raised its position in shares of Union Pacific by 2,575.0% during the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock worth $25,000 after purchasing an additional 103 shares during the last quarter. High Point Wealth Management LLC acquired a new position in shares of Union Pacific during the 4th quarter worth about $26,000. Finally, Caitlin John LLC acquired a new position in shares of Union Pacific during the 3rd quarter worth about $27,000. Institutional investors and hedge funds own 80.38% of the company’s stock.
Insider Activity
In other news, CFO Jennifer L. Hamann sold 2,000 shares of the 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 sale, the chief financial officer 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Eric J. Gehringer sold 2,991 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were 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 directly owned 43,012 shares of the company’s stock, valued at approximately $11,353,447.52. This trade represents a 6.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 34,377 shares of company stock valued at $9,251,221 in the last 90 days. Company insiders own 0.22% of the company’s stock.
Union Pacific Stock Down 1.9%
Union Pacific (NYSE:UNP – Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.86 by $0.07. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The company had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.12 billion. During the same quarter in the prior year, the firm earned $2.70 EPS. Union Pacific’s quarterly revenue was up 3.2% on a year-over-year basis. As a group, analysts forecast that Union Pacific Corporation will post 12.55 earnings per share for the current fiscal year.
Union Pacific Dividend Announcement
The company also recently declared 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 of this dividend is Friday, May 29th. This represents a $5.52 annualized dividend and a dividend yield of 2.1%. Union Pacific’s dividend payout ratio is 45.47%.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on the stock. 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. BMO Capital Markets restated a “market perform” rating and set a $285.00 price target (up from $278.00) on shares of Union Pacific in a research report on Friday, April 24th. Citigroup reaffirmed a “buy” rating and set a $307.00 price objective (up from $285.00) on shares of Union Pacific in a research note on Friday, April 24th. TD Cowen increased their price objective on shares of Union Pacific from $256.00 to $282.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, Weiss Ratings upgraded shares of Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $282.21.
Read Our Latest Stock Analysis on Union Pacific
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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