Hilton Head Capital Partners LLC acquired a new position in Union Pacific Corporation (NYSE:UNP – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,919 shares of the railroad operator’s stock, valued at approximately $675,000.
A number of other large investors have also added to or reduced their stakes in UNP. Capital World Investors raised its holdings in Union Pacific by 92.1% in the fourth quarter. Capital World Investors now owns 20,136,349 shares of the railroad operator’s stock worth $4,658,142,000 after purchasing an additional 9,655,306 shares in the last quarter. Norges Bank acquired a new stake in Union Pacific in the fourth quarter worth about $1,779,907,000. Capital Research Global Investors boosted its holdings in 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 worth $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 boosted its holdings in 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 worth $2,169,168,000 after acquiring an additional 3,861,636 shares in the last quarter. Finally, EdgePoint Investment Group Inc. acquired a new stake in Union Pacific in the third quarter worth about $408,592,000. 80.38% of the stock is currently owned by institutional investors.
Union Pacific Stock Down 0.0%
Shares of NYSE:UNP opened at $272.28 on Monday. The company has a quick ratio of 0.73, a current ratio of 0.92 and a debt-to-equity ratio of 1.53. The business has a fifty day moving average of $259.32 and a two-hundred day moving average of $247.21. The stock has a market cap of $161.66 billion, a P/E ratio of 22.43, a PEG ratio of 2.89 and a beta of 0.97. Union Pacific Corporation has a 52-week low of $210.84 and a 52-week high of $279.70.
Union Pacific Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be issued a dividend of $1.38 per share. 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 dividend payout ratio is currently 45.47%.
Insider Transactions at Union Pacific
In related news, EVP Kenyatta G. Rocker sold 27,387 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $271.76, for a total transaction of $7,442,691.12. Following the sale, the executive vice president directly owned 61,102 shares in the company, valued at approximately $16,605,079.52. This represents a 30.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Eric J. Gehringer sold 2,991 shares of the firm’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 transaction, the executive vice president owned 43,012 shares in the company, valued at $11,353,447.52. This represents a 6.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 34,377 shares of company stock worth $9,251,221. 0.22% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on UNP shares. TD Cowen raised their price target on Union Pacific from $256.00 to $282.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Robert W. Baird set a $311.00 target price on Union Pacific and gave the stock an “outperform” rating in a report on Friday, March 6th. Barclays reissued an “overweight” rating and issued a $315.00 price target (up from $285.00) on shares of Union Pacific in a report on Friday, April 24th. JPMorgan Chase & Co. upped 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. Finally, Weiss Ratings raised Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, April 21st. One equities research 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $282.21.
Read Our Latest Analysis on Union Pacific
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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