Econ Financial Services Corp bought a new position in shares of Union Pacific Corporation (NYSE:UNP – Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 7,343 shares of the railroad operator’s stock, valued at approximately $1,782,000.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Cambient Family Office LLC bought a new stake in shares of Union Pacific in the 4th quarter valued at $1,319,000. Jefferies Financial Group Inc. raised its stake in Union Pacific by 1,581.2% during the third quarter. Jefferies Financial Group Inc. now owns 232,000 shares of the railroad operator’s stock worth $54,838,000 after buying an additional 218,200 shares during the last quarter. North Dakota State Investment Board acquired a new position in Union Pacific in the fourth quarter valued at $4,746,000. First National Bank of Omaha lifted its holdings in Union Pacific by 35.8% in the fourth quarter. First National Bank of Omaha now owns 54,635 shares of the railroad operator’s stock valued at $12,665,000 after buying an additional 14,399 shares during the period. Finally, Avanza Fonder AB bought a new stake in Union Pacific during the fourth quarter valued at $1,449,000. 80.38% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other Union Pacific news, CFO Jennifer L. Hamann sold 2,000 shares of the 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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Eric J. Gehringer sold 2,991 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total value 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 $11,353,447.52. This trade represents a 6.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 32,378 shares of company stock worth $8,781,595. Corporate insiders own 0.22% of the company’s stock.
Union Pacific Trading Up 0.7%
Union Pacific (NYSE:UNP – Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.07. The company had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.12 billion. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The business’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.70 EPS. Analysts predict that Union Pacific Corporation will post 12.55 EPS for the current fiscal year.
Union Pacific Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, May 29th. Union Pacific’s dividend payout ratio is 45.47%.
Analyst Ratings Changes
A number of analysts have weighed in on the company. UBS Group reiterated a “neutral” rating and set a $274.00 price target (up from $253.00) on shares of Union Pacific in a report on Friday, April 24th. Wells Fargo & Company reissued an “overweight” rating and issued a $300.00 price objective (up from $260.00) on shares of Union Pacific in a research note on Friday, April 24th. JPMorgan Chase & Co. raised their target price on Union Pacific from $267.00 to $275.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Raymond James Financial set a $310.00 target price on Union Pacific in a report on Friday, April 24th. Finally, Robert W. Baird set a $311.00 price target on Union Pacific and gave the company an “outperform” rating in a research note on Friday, March 6th. 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $283.11.
View Our Latest Research Report on Union Pacific
Union Pacific Company 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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